According to the Ministry of Finance (MoF), “salaries, wages and related benefits” posted a slight increase of 0.14% in the first half (H1) of 2014, to $1.39B, due to higher payments related to the Mutual ... read more
Bank Audi recorded a 15.03% jump in its profits for 2014 to $350.33M, owing to the 32.15% surge in net fee and commission income to $247.22M. Operating expense also increased by 21.68% to $730.46M. The ... read more
2014’s sluggish economic performance failed to hinder checks activity that managed to progress in value despite the tightening of its volume. In details, the value of checks cleared by Banque du Liban rose ... read more
According to the Central Administration of Statistics December’s inflation slid by 0.71% as the Consumer Price Index (CPI) fell from 100 points in December 2013 (which is the base year) to 99.29 points in ... read more
BEMO Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters in Riad el Solh, Beirut on the 10th of October, 2015 at 9:00 a.m. The ... read more
According to the Ministry of Tourism, tourism sector saw an improvement during 2014, where the number of tourists grew 6.30% annually, to 1,354,647, after it reached its minimum in 2013 with 1,274,362 ... read more
The fiscal performance improved during the first three quarters of the year with the deficit lessening by 32.46% (year-on-year) y-o-y to $2.22B and the primary surplus standing at $867M, compared to a ... read more
According to figures released by the Orders of Engineers in Beirut and the North, the year 2014 saw the number of authorized construction permits slightly slide by a yearly 0.36%to 16,663. However, the ... read more
The real estate sector improved in 2014, probably due to the low base reached in 2013 when regional and domestic uprisings highly hit the Lebanese property sector. In fact, total real estate transactions ... read more
Kafalat issued 838 guarantees during 2014, with a total value of 109.55M, compared to 871 guarantees worth $118.16M in 2013. Hence, the average value per loan edged down from $135,664 in 2013 to $130,731 ... read more
Activity on Lebanon’s main port continued to defy economic conditions, and sustained 2013’s increase, where total container activity including transshipment jumped by an annual 8.33% to 1,210,41 ... read more
According to the Association of Car Importers in Lebanon (AIA), there was a 4.55% year-on-year (y-o-y) increase in the number of registered new passenger and commercial cars to 40,135 cars. This was due to ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon as of October 2014 has displayed a 4.83% year-on-year (y-o-y) improvement, bringing the total number up from 1,080,374 tourists ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 4.48% year-to-date (y-t-d) increase in assets to $172.21B by November, which translated in to a 6.36% year-on-year growth. On the ... read more
The Balance of Payments (BoP) registered a deficit of $1.29B during the first eleven months of 2014 tightening from 2013’s level of $1.66B. Net foreign assets (NFA) of the Central Bank (BdL) increased ... read more
Rafic Hariri International Airport (RHIA) activity improved during 2014, where the total number of passengers increased by 4.86% year-on-year (y-o-y) to 6.57M. The number of arrivals added 3.44% to 3.22M. ... read more
Lebanon & Gulf Bank S.A.L issued 200,000 Non-cumulative redeemable preferred shares issue 2014 at a price of $100 per share, with a nominal value of LBP 20,300 ($13.47). Annual dividend is equal to 7% ... read more
The number of cleared checks showed a drop of 2.14% yearly, to 11.86M, by November. However, the cumulative value of these checks increased by 3.41% year-on-year (y-o-y) to reach a value of $68.31B. In ... read more
Global Blue’s Tourists Spending Report showed that tourist spending in Lebanon improved by 1% in 2014 compared to 2013. This was partly due to the 8% year-on-year (y-o-y) progress in the 4th quarter that ... read more
The Central Bank’s (BDL) balance sheet exposed a 1.29% monthly drop in total assets to $85.70B by end of December, 2014. The bank’s foreign assets ticked down by 2.23% to $37.86B, below its ... read more
The Ministry of Finance laid down its Medium Term Debt Strategy for the period 2014-2016, where the main aim is that “the government’s financing needs and its payment obligations are met at all times, at ... read more
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