The visit of Jesse Baker, (Deputy Assistant Secretary of the Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes) to Lebanon on March 7-8, 2024, has raised ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
In its latest World Economic Outlook of October 2022, the IMF stated that “the global economic activity continues to face steep challenges, shaped by the Russian invasion of Ukraine, a cost of living ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 49.9% percentage points (pp) by July 2022, up from last year’s percentage of ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs increased annually by 1.8% to reach $6.04B at the official rate of 1507.5 LBP per USD, by November 2021, compared to $5.93B during same ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.1B by August 2022, compared to a deficit of $2.37B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 6.40% to stand at $168.74B by August 2022. On the assets side, currency and deposits with Central ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 11.91% compared to last year, to reach $178.31B by end of September 2022. The increase was mainly due to the ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s monthly ... read more
According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 2,350,757 checks from August 2021 to 1,225,373 ... read more
The 2022 budget prepared by MOF envisaged total expenditures of 47.32 T LBP and total revenues of 39.11 T LBP with a deficit of 8.21 T LBP. The budget was viewed as an emergency budget that would set the ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went down by a yearly 16.05% to ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first eight months of 2022. The number of Beirut’s International airport passengers added 58.23% and recorded 4,184,221 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 6.5% compared to last year, to reach $169.4B by mid-September 2022. The increase was mainly due to the 26.02% ... read more
An International Monetary Fund (IMF) mission led by Mr. Ernesto Ramirez Rigo visited Beirut, Lebanon from September 19 to 21, to discuss the recent economic developments and progress in implementation of ... read more
Since the Lebanese Uprising of October 2019, the banking sector ceased lending, rejected deposits and barred depositors from accessing their saving accounts. Instead, banks imposed strict USD withdrawal ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s monthly ... read more
In an editorial in Annhar Newspaper published on 9/9/2022 titled “Economists and Their Mistakes”, the article reprimands Lebanese economists – a bit belligerently — for citing Gross National Income ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went down by a yearly 15.27% to ... read more
Bank Audi published on 9/9/2022 its non-audited financial results for H1 2022. In its statement, Bank Audi said that “(1) Persisting excessive uncertainties arising from a lasting financial crisis since ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.08B in April 2022, thereby recording an annual increase of 3.4% YOY. The rise is mainly ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2. 78B by July 2022, compared to a deficit of $1.77B over the same period last year. Accordingly, Net foreign Assets ... read more
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