Rafic Hariri International Airport (RHIA) activity enhanced during the first three quarters of 2014, as the total number of passengers increased by 4.09% year-on-year (y-o-y) to 5.02M, recording its ... read more
The consolidated balance sheet of commercial banks displayed a 3.34% year-to-date (y-t-d) increase in total assets to $170.33B by August, equivalent to a 7.42% year-on-year (y-o-y) growth. Total reserves ... read more
Kafalat issued 671 guarantees in the first 3 quarters of 2014, with a total value of $87.01M, compared to 645 guarantees worth $87.43M for the same period in 2013. Correspondingly, the average value per ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit narrowed by 17.71% year-on-year (y-o-y), descending to $1.58B in the first half (H1) of 2014. The first key driver of this descent is ... read more
Port of Beirut (PoB) revenues dropped by 2.12% year-on-year (y-o-y) to settle at $161.16M, by September 2014. Imported cars decreased by 2.71%, during the stated period, to 67,303 cars. Likewise, the ... read more
Banque Pharaon and Chiha announced, on the 4th of October, the sale of 80% of the bank’s shares to Raymond and Teddy Rahme of ZR Group Holding. The latter is considered a well-known player in a multitude ... read more
Two years ago, a $60M, 600 m long, 15.5m deep quay was built at the Port of Tripoli. Just recently, Businessnews reported that infrastructure works on the new quay will begin early next year. Local ... read more
According to the Association of Car Importers in Lebanon (AIA), there was a 7.77% increase in the number of registered new passenger and commercial cars, reaching 30,515 vehicles by September, compared to ... read more
Amidst global and regional mixed economic outlooks for growth in 2014 and 2015, Lebanon’s economy is expected to grow by not more than 1.5% in 2014, as shown in the Latest issue of the MENA Economic Report ... read more
The BLOM Lebanon PMI inched up from 45.5 in August to 47.6 in September, implying a slowdown in the rate of contraction. September’s PMI remained below the 50.0 mark, due to a hard drop in output levels at ... read more
Lebanon’s Balance of Payments displayed considerable improvement by August 2014, as deficit tightened by $747.3M from the same period in 2013, to stand at $432.9M. Net Foreign Assets (NFA) of the Lebanese ... read more
Lebanon’s trade deficit for the first 8 months of 2014 broadened to $11.87B, up from $11.47B. Accordingly, trade deficit broadened by 3.54% year-on-year (y-o-y) as exports declined at a faster pace than ... read more
According to the Central Bank’s (BDL) balance sheet, total assets recorded a 0.47% monthly rise to reach $85.43B by end of September. The bank’s foreign assets edged up by 0.97% to $38.42B and its ... read more
BEMO Bank’s board of directors invited its shareholders for an exceptional ordinary assembly that will be held at the bank’s headquarters in Riad el Solh, Beirut on October 24, 2014 at 9:00 am. The ... read more
Even though Lebanon facing water shortages in summer and fall seasons has been common, this problem became more severe in 2014. The mixture of a particularly harsh drought and the Syrian refugee inflow ... read more
Lebanon was recipient of social, economic and environmental aid during the period between May and August 2014, according to the latest Aid Coordination Newsletters from the Ministry of Finance. To begin ... read more
Total real estate transactions inched up by a yearly 1.84% during the first eight months, to reach 45,509 transactions. However taking the months of July and August 2014 alone, the number of transactions ... read more
The net sales of “Societe Libanaise des Ciments Blancs”, HOLCIM’s subsidiary, leaped by 11.42% y-o-y, from $7.13M to $7.92M, which boosted profits by 8.97% from June 2013 to $1.70M. By the end of H1 2014, ... read more
Bank Audi has completed a US$ 300 million capital increase by way of (i) a US$ 240 million rights offering of common shares initially to existing shareholders (including GDR holders) of the Bank and (ii) a ... read more
The Lebanese gross public debt reached $65.62B in the first seven months of 2014, rising by 8.92% from its value in the same period last year. Debt in domestic currency, grasping a share of 60.28% of total ... read more
The Cabinet Formation in mid-February failed to boost investors’ sentiment that remained mostly stagnant. The number of construction permits slipped by 0.68% y-o-y to 11,311, noting that permits are ... read more
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