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
Total real estate transactions added an annual 2.67% during the first 11 months of 2014, to reach 63,651 transactions. Similarly, total value of property sales transactions amplified 4.99% year-on-year ... read more
Lebanon’s trade deficit for the first 11 months of 2014 widened by 0.40% to $15.80B.This came as a result of a yearly decrease in both imports and exports by 3.04% and 17.68%, respectively. Lebanon’s ... read more
According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) improved 13 points in November, to 71 points. Talks about a possible breakthrough in the ongoing political stalemate ... read more
Total real estate transactions added an annual 2.67% during the first 11 months of 2014, to reach 63,651 transactions. Similarly, total value of property sales transactions amplified 4.99% year-on-year ... read more
Ernst and Young’s Middle East Hotel Benchmark Survey portrayed a 51% hotel occupancy rate in Lebanon for the month of November. This rate represented an increase of 4 percentage points (p.p) from the same ... read more
Lebanese gross public debt reached $66.21B, increasing by 4.33% year-to-date (y-t-d) by October 2014. Gross public debt accounted for 146% of Lebanon’s GDP, compared to 140% of GDP in December 2013. Gross ... read more
Inflation rate reached 0.89% year-on-year (y-o-y) where the Consumer Price Index (CPI) increased to 100.52 in November 2014, compared to 99.64 in November 2013 (noting that this level is adjusted on the ... read more
Credit Bank increased its capital from $45,456,502 to $48,905,922 through the issuance of 200,000 new preferred shares, not listed on the Beirut Stock Exchange (BSE). These shares are non-cumulative ... read more
The Beirut Stock Exchange (BSE) announces it de-listed BLC Finance S.A.L from its list of authorized brokers. BLC Finance would end its brokerage activity on the BSE starting the 23rd of December, 2014. read more
Credit rating agency Moody’s downgraded Lebanon’s government bond rating from B1 to B2 with a negative outlook, due to the country’s high debt burden, external deficits, and challenging political ... read more
Transfers to EdL for the first half of 2014 revealed a 10.23% year-on-year (y-o-y) increase to $1.04B. This climb was due to the 12.41% y-o-y increase in payments to fuel oil and gas oil suppliers KPC and ... read more
The number of construction permits during the year remained almost stable, at 15,346 permits by November 2014, a 0.4% y-o-y decrease. On the other hand, construction area authorized by permits (CAP) ... read more
Kafalat issued 796 guarantees in the first 11 months of 2014, with a total value of 103.28M, compared to 806 guarantees worth $108.57M for the same period in 2013. Correspondingly, the average value per ... read more
Lebanon’s Balance of Payments (BoP) recorded a deficit of $867.7M in the first 10 months of 2014, compared to a deficit of $1.47B in the same period last year. Net Foreign Assets (NFAs) of the Lebanese ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first 11 months of 2014, where the total number of passengers increased by 4.20% year-on-year (y-o-y) to 6M. The number of arrivals ... read more
The consolidated balance sheet of commercial banks jumped by 3.91% year-to-date (y-t-d) to $171.27 by October, equivalent to a 6.62% year-on-year (y-o-y) growth. Total reserves showed a 13.53% y-t-d ... read more
BankMed increased its capital from $432.84 to $442.79M by issuing 1.5M new preferred shares series 3, in accordance with the first three decisions made during the extraordinary general assembly of ... read more
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