Lebanon’s economy is heavily based on consumption and since the main supply-side sectors of the economy such as real estate, trade, and public administration do not produce the consumption goods in demand, ... read more
The Lebanese carrier, Middle East Airlines has decided to sign a $300 million contract with British motor-maker Rolls-Royce for the installation of new Rolls-Royce Trent 7000 engines in four new Airbus ... read more
According to the Lebanese Ministry of Industry, the total value of industrial exports during the first nine months of the year 2018 rose by 3.33% year-on-year (y-o-y) from $ 1.82B by September 2017 to ... read more
The economic slowdown continued to be reflected in the performance of the real estate sector. According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of RE ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit expanded from $2B by September 2017 to $4.50B by September 2018. In fact, fiscal revenues witnessed an annual increase of 3.16% to reach ... read more
According to the Orders of Engineers in Beirut and Tripoli, the number of construction permits decreased by 15.94% year-on-year (y-o-y) to stand at 12,842 permits by November 2018. The Construction Area ... read more
The General Assembly of BLC Bank held an extraordinary meeting on Dec. 17, 2018 at the bank’s headquarters and discussed the items below, knowing all decisions await the approval of the central bank (BDL): ... read more
The Revenues at the Port of Beirut (POB) witnessed a decline of 1.68% during the first 11 months of the year to reach $214.44M. Total container activity including transshipment (TEU+TS) rose by a yearly ... read more
According to the Association of Lebanese Car Importers (AIA), the total number of newly registered commercial and passenger cars continues to witness retreat as it shrunk by an annual 9.74% to stand ... read more
Despite the rise in the number of European tourists, the number of Gulf visitors, specifically Iraqi and Saudi incomers continues to fall which is negatively affecting the hotels’ occupancy Rate in ... read more
According to the Ministry of Finance, Lebanon’s gross public debt reached $84.02B by the tenth month of the year, adding an annual 7.07%. This increase is mainly owed to the rise in the foreign currency ... read more
According to the Association of Lebanese Banks (ABL), the value of cleared checks recorded a yearly decrease by 1.22% to reach $55.73 Billion (B) by October 2018. Likewise, the total number of cleared ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon, in the first ten months of 2018, displayed a 5% year-on-year (y-o-y) progress, where the total number of tourists went up from ... read more
According to Kafalat, the number of loan guarantees dropped from 520 guarantees by November 2017 to 300 guarantees by November 2018. The overall value of the guarantees lost 39.39% year-on-year (y-o-y) to ... read more
According to the Central Bank of Lebanon, the balance of payments recorded a deficit of $3.12B by October compared to a deficit of $1B by the same period last year. In fact, the NFAs of the Central Bank ... read more
The board of directors (BoD) of BLC invited the holders of its Preferred Shares “E” to an extraordinary general assembly scheduled to be held at the bank’s headquarters in Beirut on Monday December 17, ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets witnessed an uprise of 10.35% year-to-date (y-t-d) to stand at $242.61B by October 2018. In details, deposits with BDL, constituting ... read more
The Central Bank’s (BDL’s) balance sheet posted a 19.05% year-to-date (y-t-d) increase in its total assets which stood at $140.78B by the end of November 2018. In details, BDL’s foreign assets ... read more
According to the Lebanese Ministry of Industry, the total value of industrial exports during the first eight months of the year 2018 rose by 1.3% year-on-year (y-o-y) from $ 1.65B by August 2017 to stand ... read more
According to the central bank of Lebanon, Cement deliveries declined by an annual 4.13% by Q3 2018 to stand at 3.63M tons. In fact, the number of construction permits also decreased by a yearly 16.47% to ... read more
The revenues of the Port of Beirut witnessed a decline by 1.30% during the first ten months of the year to reach $195.05M by October 2018. Total container activity including transshipment (TEU+TS) grew ... read more
According to the Ministry of Finance, transfers to EDL witnessed a significant yearly increase of 44.1% to reach $ 521.73M by April 2018. In details “Payments to fuel and oil gas suppliers KPC and ... read more
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