Inflation rate reached 2.73% year-on-year (y-o-y) where the Consumer Price Index (CPI) increased to 101.01 in August 2014, compared to 98.32 in the same month last year (noting that this level is adjusted ... read more
BEMO Securitization (BSEC) closed the Kettaneh Auto-Fund SIF, the first securitization transactions for F.A. Kettaneh, the exclusive importer of Audi, Volkswagen, and Skoda cars. The Auto-Fund has been ... read more
On the Business Monitor International Risk Ratings, Lebanon scored 46.3 over 100 on the composite risk rating, ranking 14 out of the 19 Middle Eastern countries. All ratings are between 1 and 100, where a ... read more
According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) recorded an 8 points monthly drop to 77 points in August. The decline was due to the clashes that occurred between ... read more
A multi-donor trust fund, the Lebanon Syrian Crisis Trust Fund (LSCTF), which is aimed at assisting Lebanese communities accommodating Syrian refugees, launched its first project on the 12th of September, ... read more
The Central Bank’s (BDL) balance sheet, revealed a 0.71% monthly rise in total assets to $85.26B by mid-September, mostly due to the 1.37% rise in its holding of foreign assets. Foreign assets (excluding ... read more
Business Monitor International’s (BMI) report on Lebanon’s pharmaceuticals and healthcare reveals that Lebanon’s Pharmaceutical Risk/Reward Rating (RRR), for the fourth quarter (Q4) of 2014, stood at 53.9 ... read more
During the first half of 2014, RYMCO’s net income plunged by 28.77% year-on-year (y-o-y), to $1.53M. This came as a result of 15.18% surge in cost of goods sold, that exceeded the 8.92% increase in net ... read more
HOLCIM’s net income rose by 15.17% year-on-year (y-o-y), to $9.38M end of H1 2014, due to the 4.92% increase in net sales to $93.21M and the 0.83% drop in production costs to $37.95M. On the balance sheet, ... read more
During the ordinary general assembly, Bank of Beirut’s (BoB) shareholders agreed to redeem BoB preferred shares class “F” that were issued in 2009 for 5 years, and whose holding period ends the last ... read more
Bank Audi s.a.l. – Audi Saradar Group invites all common shareholders to attend an Extraordinary General Meeting to be held at 10:30 am on Tuesday September 23, 2014 at the Bank’s Head Office located at ... read more
According to the Association of Car Importers in Lebanon (AIA), there was a 5.32% increase in the number of registered new passenger and commercial cars, reaching 26,901 vehicles by August, compared to the ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit widened by 7.33% year-on-year (y-o-y) to reach $840.01M in the first quarter (Q1) of 2014. This came as a result of 8.58% y-o-y growth in ... read more
The consolidated balance sheet of commercial banks revealed a 2.98% year-to-date (y-t-d) growth in total assets to $169.74B by July, and a gain of 7.56% year-on-year. Reserves, grasping a share of 35.00% ... read more
Lebanon’s Balance of Payments (BoP) recorded a surplus of $131.0M in the first seven months of 2014, compared to a deficit of $957.2M in the same period the prior year, despite the widening trade deficit. ... read more
Kafalat issued 78 guarantees in August 2014, surging up by 41.82% from 55 guarantees in the same month of 2013. The value of loans guaranteed by Kafalat totaled $11.05M in August 2014, up from $6.97M in ... read more
Port of Beirut (PoB) revenues dropped by 2.78% year-on-year (y-o-y) to settle at $141.67M, by August 2014. Imported cars decreased by 2.06%, during the stated period, to 59,897 cars. Likewise, the number ... read more
A new hospital, Family Medical Center (FMC), will officially open late September in Zgharta. FMC is a 12,500 sqm center consisting of 5 floors and 120 beds and is entirely furnished by high-tech medical ... read more
Ernst and Young’s Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate declined by 4 percentage points (pp) year-on-year to reach 36% in July 2014, recording a six-month low. This came as a ... read more
The BLOM Lebanon PMI dropped from 47.9 in July to 45.5 in August, indicating a faster rate of contraction. August’s PMI recorded a six-month low, due to the security issues which hit demand and new orders, ... read more
According to the World Economic Forum, Lebanon ranked 113th out of 144 countries, with a score of 3.7 out of 7 in the Global Competitive Index (GCI) for 2014-2015, compared to a score of 3.8 and a rank of ... read more
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