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
Inflation rate reached 1.47% year-on-year (y-o-y) where the Consumer Price Index (CPI) increased to 100.97 in October 2014, compared to 99.50 in October 2013 (this level is adjusted on the new base of 100 ... read more
The number of construction permits witnessed a 1.48% year-on-year (y-o-y) decline to 1,397 permits in October 2014. Noting that permits are usually issued at least six months after applications are filed, ... read more
Lebanese gross public debt reached $65.97B, displaying a 5.05% year-to-date(y-t-d) increase by October 2014. Gross public debt accounted for 138% of Lebanon’s GDP, compared to 140% of GDP in December 2013. ... read more
Lebanese gross public debt reached $65.97B, displaying a 5.05% year-to-date(y-t-d) increase by October 2014. Gross public debt accounted for 138% of Lebanon’s GDP, compared to 140% of GDP in December 2013. ... read more
In its latest report on the Lebanese economic activity, Business Monitor International (BMI) projects growth to improve moderately over the coming years impeded by political instability and a lack of ... read more
According to the Association of Car Importers in Lebanon (AIA), there was a 9.09% year-on-year (y-o-y) increase in the number of registered new passenger and commercial cars, reaching 34,002 vehicles by ... read more
According to the Ministry of Finance (MoF), “salaries, wages and related benefits” declined by 4.52%, decreasing from $967.83M in the first four months of 2013 to $924.05M in 2014. Despite this decrease, ... read more
According to the Ministry of Finance (MoF), “salaries, wages and related benefits” declined by 4.52%, decreasing from $967.83M in the first four months of 2013 to $924.05M in 2014. Despite this decrease, ... read more
Lebanon’s Balance of Payments (BoP) recorded a deficit of $301.8M in the first three quarters of 2014, compared to a deficit of $676.4M in the same period the prior year. This could be partly attributed to ... read more
Global Blue’s Tourists Spending Report showed that tourist spending in Lebanon improved by 9% in the third quarter of 2014 compared to the same quarter of 2013. Yet, the first nine months of 2014 ... read more
The consolidated balance sheet of commercial banks jumped by 3.96% year-to-date (y-t-d) to $171.34B by September, equivalent to a 7.59% year-on-year (y-o-y) growth. Total reserves showed a 11.90% y-t-d ... read more
Port of Beirut (PoB) revenues declined by 2.05% year-on-year (y-o-y) to settle at $179.47M by October 2014. Imported cars barely changed by October 2014, decreasing by 0.33% from the same period in ... read more
According to the Ministry of Finance (MoF), “salaries, wages and related benefits” accounted for 29% of total primary spending by March 2014, representing the biggest portion of primary spending. This ... read more
By September 2014, the number of cleared checks showed a yearly drop of 1.84% to 9.71M. Despite this decrease, the cumulative value of these checks increased by 4.46% year-on-year (y-o-y) to reach a value ... read more
Kafalat issued 732 guarantees in the first 10 months of 2014, with a total value of 93.70M, compared to 731 guarantees worth $99M for the same period in 2013. Correspondingly, the average value per loan ... read more
The Lebanese Parliament has approved the $30M loan provided by the International Bank for Reconstruction and Development (IBRD). The loan was initially approved on October 2nd, 2014, but Parliament had to ... read more
Large operating expenses continued to weigh on the income of Bank Audi’s Turkish subsidiary – ODEABANK. The subsidiary recorded a net loss of $4.84M in the first 3 quarters of 2014 compared to $48.07M in ... read more
Lebanon’s trade deficit for the first 9 months of 2014 narrowed to $12.43B, down from $12.75B. Accordingly, trade deficit contracted by 2.50% year-on-year (y-o-y) as exports increased and imports ... read more
According to the Central Bank’s (BDL) balance sheet, total assets revealed a 0.91% monthly rise to reach $86.21B by end of October, 2014. The bank’s foreign assets edged up by 1.15% to $38.87B and its ... read more
The World Economic Forum recently released “The Global Gender Gap Report 2014”, which examines the gap between men and women in four essential categories: Economic Participation and Opportunity, ... read more
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