The global economy defied expectations in 2023, showing more resilience than anticipated. Despite facing hurdles like high inflation, rising interest rates, and geopolitical tensions, a recession was ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions recorded a sharp fall of 84.96% yearly to stand at 11,639 transactions by ... 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 1,480,354 checks by November 2022 to 411,335 ... read more
A recent assessment by ESCWA and UNDP focused on the potential economic and human impact on the State of Palestine, with this policy brief extending the analysis to neighboring countries such as Egypt, ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 48% percentage points (pp) by September 2023, down from last year’s percentage ... read more
Moody’s has maintained Lebanon’s issuer rating at C, with a revised outlook to stable from no outlook. The C rating indicates Moody’s expectation of bondholder losses surpassing 65%, ... read more
The activity at Rafic Hariri International Airport has significantly deteriorated in November 2023 following Hamas’ attack on Israel on October 7. Although, the cumulative count of passengers at Beirut ... read more
2022 Million USD Number of Banks Sum of Tier 1 Capital Sum of Assets Tier 1 Capital/Assets* UAE 18 101,199 983,659 10.3 Egypt 11 14,822 118,322 12.5 KSA 10 127,754 901,752 14.2 Bahrain 10 18,004 162,801 ... read more
Ten Lebanese banks filed through their lawyers a Memorandum to ‘Tie-up Litigation’ with the Government, addressed to the Ministry of Finance. The memorandum demands that the government pays its USD loans ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.46B by October 2023, far beyond the deficit over the same period last year of $2.86B. Accordingly, Net foreign Assets (NFAs) of ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 31.82% to stand at $112.25B by October 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 ... read more
Solidere announced its audited financial results for the year 2022, revealing a decrease in losses amounting to $11.1 million compared to $21.5 million at the end of 2021. However, losses totaled $5.2 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 43.05% compared to last year, to reach $106.84B by end of November 2023, amid adopting the 15,000 LBP/USD ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 17.36% to stand at 621,781 twenty-foot equivalent unit (TEU) for the month of September 2023, with transshipment activity ... read more
BDL issued, on 17/11/2023, an amendment to Basic Decision 13335, outlining exceptional measures for the gradual repayment of deposits in foreign currencies as per Circular No 158. This decision applies to ... read more
On 10/11/2023, the Banking Control Commission submitted a proposed law for restructuring and reforming the Lebanese banking sector to the Council of Ministers titled, “Reforming the Situation of Lebanese ... 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 1,399,559 checks by October 2022 to 384,251 ... 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 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 42.91% compared to last year, to reach $106.59B by mid of November 2023, amid adopting the 15,000 LBP/USD ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions recorded a sharp fall of 88.40% yearly to stand at 7,834 transactions by ... read more
Bank Audi published its non-audited financial results for Q3 2023 on 17/11/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of ... read more
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