After the General Assembly meeting held on the 26th of June, RYMCO’s board of directors decided to distribute dividends relative to the financial year of 2013. Shareholders entitled to dividends are the ... read more
The total number of registered new and imported used cars during the first 11 months of 2014 has dropped by 2% compared to the same period last year. According to the Association of Car Importers in ... read more
Port of Beirut (PoB) revenues declined by 2.72% year-on-year (y-o-y) to settle at $195.74M by November 2014. Imported cars decreased by 0.97% to 82,130 cars, by November. Likewise, the number of vessels ... read more
The fiscal performance improved during the first eight months of the year with the deficit narrowing by 36.77% (year-on-year) y-o-y to $1.66B and the primary surplus standing at $951M, compared to a ... read more
Lebanon’s trade deficit for the first 10 months of 2014 stood at $14.66B. This represents an increase 3.00% year-on-year (y-o-y) due to the decrease in exports more than offsetting the decrease in imports. ... read more
According to the Ministry of Finance’s Aid Coordination Newsletter, aid to Lebanon was focused on the water sector during the period July-August 2014. In July, 3 aid agreements worth $8.39M were designed ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 10 months of 2014, where the total number of passengers increased by 4.15% year-on-year (y-o-y) to 5.57M. The number of ... read more
The Central Administration of Statistics (CAS) released the Lebanese National Accounts Reports for 2012-2013, where Real GDP is predicted to have grown by 3% in 2013, compared to 2.8% in 2012 and a revised ... read more
The Extraordinary General Meeting of shareholders of Bank Audi resolved to increase the bank’s capital from LBP 525,769,215,996 to LBP 667,836,186,600, i.e. by an amount of LBP 142,066,970,604 through the ... read more
The board of directors of Bank of Beirut invites its shareholders to an extraordinary general assembly at the bank’s headquarters located in downtown Beirut, Foch Street. The meeting will take place on the ... read more
After it was approved by the Central Council of Banque du Liban, Banque de l’Habitat boosted its capital from LBP 50B to LBP 100B by increasing the nominal value of the bank’s shares on December 3rd, ... read more
According to the World Bank, the private sector in Lebanon failed in generating enough jobs to take in the expanding labor force. This drove a rise in unemployment, particularly among young people and ... read more
Given that Lebanese new passenger car sales inched up by 8.0% year-on-year over the first 10 months of 2014, to stand at 32,084 cars by October, Business Monitor International (BMI) expects passenger car ... read more
The Central Bank’s (BDL) balance sheet revealed a 0.71% monthly rise in total assets to stand at $86.82B by end of November, 2014. The bank’s foreign assets ticked down by 0.37% to $38.73B, and loans to ... read more
Transfers to EdL for the first five months of 2014 revealed a 19% year-on-year (y-o-y) decline to $707.80M. This drop was primarily due to the 17% y-o-y decrease in payments to fuel oil and gas oil ... read more
Bank Audi S.A.E, the bank’s Egyptian subsidiary, recorded an 11.23% year-on-year (y-o-y) increase in net profit to $46.07M by the third quarter of 2014. The 22.41% jump in administrative expenses to ... read more
By October 2014, the number of cleared checks showed a yearly drop of 1.80% to 10.83M. Despite this decrease, the cumulative value of these checks increased by 4.17% year-on-year (y-o-y) to reach a value ... read more
Total real estate transactions edged up by a yearly 4.10% during the first 10 months of 2014, to reach 58,080 transactions. Total value of property sales transactions swelled by 7.48% year-on-year (y-o-y) ... read more
According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) lost 4 points to stand at 58 points in October, representing the lowest score since November 2013. This decline was ... read more
Transfers to EdL for the first four months of 2014 revealed a 10% year-on-year (y-o-y) decline to $653.84M. This drop was due to the 8% y-o-y decrease in payments to fuel oil and gas oil suppliers KPC and ... read more
Ernst and Young’s Middle East Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate improved by 10 percentage points (pp) year-on-year (y-o-y) to stand at 59% in October 2014. This was coupled ... read more
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