Alpha Banks: Performance Metrics for Q1 2019

Beirut Monthly Occupancy Rate at 85.4% in April 2019

The Lebanese economy has been struggling during the first 3 months of 2019 over a stagnating economy, uncertainty around the operating environment and growing geopolitical tensions in the region. The BLOM ... read more

Lebanese Commercial Banks’ Total Assets Added 1.31% y-t-d to $252.75B in Q1 2019

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 1.31% year-to-date (y-t-d) and by 12.55% year-on-year (y-o-y), to stand at $252.75B in Q1 2019. In details, ... read more

Lebanon’s Balance of Payments registered a $2B deficit in Q1 2019

According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $2B by March 2019 as compared to the $198.2M deficit recorded during the same period in 2018. In ... read more

BDL’s Total Assets Dropped by 10.88% y-t-d to $125.30B by April 2019

According to the central bank’s (BDL) balance sheet, total assets dropped by 10.88% year-to-date (YTD), to reach $125.30B in April 2019. In fact, the changes in most of the accounts can be related to ... read more

Public Personnel Costs Up by 18.9% y-o-y to $2B by April 2018

According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 18.9% to reach $2B by April 2018. In fact, the eminent growth in personnel costs was driven by the parliament’s ... read more

Cement Deliveries Slumped by 31.34% y-o-y by February 2019

Cement deliveries decreased by an annual 31.34% by February 2019 to stand at 420,370 tons, compared to 612,290 tons by February 2018. In addition, the six-month moving average of the number of cement ... read more

Lebanon’s Industrial Exports Up by 3% to $2.55B during 2018

According to the Lebanese Ministry of Industry, the total value of industrial exports during 2018 rose by 2.99% year-on-year (y-o-y) from $ 2.47B in 2017 to stand at $2.55B in 2018. Similarly, on a monthly ... read more

Average Inflation Rose by 3.47% Y-o-Y in Q1 of 2019

According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate rose by 3.47% y-o-y, compared to an average inflation rate of 5.36% recorded by March 2018. The average costs ... read more

Rouba Chbeir
Economic Digest
April 18, 2019

BoB Invites Shareholders to its Ordinary General Assembly: May 6, 2019

The board of directors (BoD) of Bank of Beirut (BOB) invited its shareholders this week to attend the annual general assembly held at the bank’s head office in Foch Street, downtown Beirut. The meeting ... read more

Rouba Chbeir
Economic Digest
April 18, 2019

Lebanon’s Fiscal Deficit Up to $5.8B by November 2018

Lebanon’s fiscal deficit expanded from $3.38B by November 2017 to $5.81B by November 2018 according to the records of the Ministry of Finance. This was attributed to a 21.8% yearly increase in government ... read more

BLOM Bank Announces Dividend Distribution for the Year 2018

BLOM Bank S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 16, 2019 at the Bank’s Headquarters and approved the accounts of the Bank for 2018 ... read more

Byblos Bank Announces 2018’s Dividends

The Ordinary General Assembly of Byblos Bank convened on April 17, 2019. Accordingly, the following decisions were taken: The Board also approved the Bank’s 2018 financial accounts and declared a gross ... read more

Port of Beirut Revenues Dropped by 16.17% y-o-y to $49.80M in Q1 2019

In the first quarter (Q1) of 2019, activity at the Port of Beirut (PoB) dropped, with the port’s revenues recording a 16.17% annual decline to stand at $49.80M. As such, total container activity including ... read more

Rouba Chbeir
Economic Digest
April 15, 2019

Bank Audi Declared Dividends for 2018 and Re-elected Current Directors

The Ordinary General Assembly of Bank Audi S.A.L. convened on April 12, 2019. Accordingly, the following decisions were taken: The Board re-elected the current directors, Mr. Samir N. Hanna as Board’s ... read more

Number of Real Estate Transactions Contracted by 14.91% y-o-y in Q1 2019

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of RE transactions which may include one or more realties, reached 12,067 transactions by March 2019, down ... read more

Riwa Daou
Economic Digest
April 12, 2019

Value of Cleared Checks down by 11.9% to $14.82 billion in Q1 2019

According to the Association of Lebanese banks (ABL), the number and value of cleared checks declined by 10.81% and 11.90% year-on-year (YOY) to 2.65 million and $14.82 billion in Q1 2019. The number of ... read more

Riwa Daou
Economic Digest
April 11, 2019

Lebanese Car Market Still Ailing in March 2019 despite Importers’ Efforts

According to the Association of Lebanese Car Importers, the number of new registered cars in Lebanon registered a 25% decline in March 2019 “despite the exceptional offers by all the Cars Importers in ... read more

Riwa Daou
Economic Digest
April 10, 2019

Tourist Spending up by 12.18% in Q1 2019

According to Global Blue’s Q1 2019 “Globe Shopper Spending” report for Lebanon, total tourist spending grew by 12.18% year-on-year (YOY) and the number of total refund transactions grew by 5.8% YOY. In Q1 ... read more

Beirut Hotel Occupancy Rate Stood at 65% by February 2019

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Lebanon’s 4- and 5-star hotels reached 65% by February 2019, compared to 54.9% during the same period last year. In ... read more

Gross Public Debt Up to $85.25B in February 2019

Figures released by the Ministry of Finance show that Lebanon’s gross public debt reached $85.25B by the second month of 2019, thereby recording an annual uptick of 4.57% when compared to the gross public ... read more

Lebanon’s Trade Deficit decreased by a yearly 14.41% to $2.23B by February 2019

Lebanon’s Trade Deficit decreased by a yearly 14.41% to $2.23B by February 2019 Lebanon’s trade deficit stood at $2.23B by February 2019, narrowing from the $2.61B registered by the same period last year. ... read more

Lebanese Commercial Banks’ Total Assets Added 0.30% y-t-d to $250.24B by February 2019

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 0.30% year-to-date (y-t-d) and by 12.15% year-on-year (y-o-y), to stand at $250.24B by February 2019. In details, ... read more

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The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.

Lebanese Insurance Sector Performance in 2018

Lebanese Insurance Sector Performance in 2018

A Historical Analysis of Lebanon’s Public Debt

A Historical Analysis of Lebanon’s Public Debt

Lebanon’s 2019 Draft Budget

Lebanon’s 2019 Draft Budget

< back UNCTAD Report: Investment Policy Review for Lebanon

< back UNCTAD Report: Investment Policy Review for Lebanon

The Tourism Sector in Lebanon: 2018 in Review

The Tourism Sector in Lebanon: 2018 in Review

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”

The Current State of “Wine”

Alpha Banks: Performance Metrics for Q1 2019

Lebanese Commercial Banks’ Total Assets Added 1.31% y-t-d to $252.75B in Q1 2019

Lebanon’s Balance of Payments registered a $2B deficit in Q1 2019

BDL’s Total Assets Dropped by 10.88% y-t-d to $125.30B by April 2019

Public Personnel Costs Up by 18.9% y-o-y to $2B by April 2018

Cement Deliveries Slumped by 31.34% y-o-y by February 2019

Lebanon’s Industrial Exports Up by 3% to $2.55B during 2018

Average Inflation Rose by 3.47% Y-o-Y in Q1 of 2019

BoB Invites Shareholders to its Ordinary General Assembly: May 6, 2019

Lebanon’s Fiscal Deficit Up to $5.8B by November 2018

BLOM Bank Announces Dividend Distribution for the Year 2018

Byblos Bank Announces 2018’s Dividends

Port of Beirut Revenues Dropped by 16.17% y-o-y to $49.80M in Q1 2019

Bank Audi Declared Dividends for 2018 and Re-elected Current Directors

Number of Real Estate Transactions Contracted by 14.91% y-o-y in Q1 2019

Value of Cleared Checks down by 11.9% to $14.82 billion in Q1 2019

Lebanese Car Market Still Ailing in March 2019 despite Importers’ Efforts

Tourist Spending up by 12.18% in Q1 2019

Beirut Hotel Occupancy Rate Stood at 65% by February 2019

Gross Public Debt Up to $85.25B in February 2019

Lebanon’s Trade Deficit decreased by a yearly 14.41% to $2.23B by February 2019

Lebanese Commercial Banks’ Total Assets Added 0.30% y-t-d to $250.24B by February 2019

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Lebanese Insurance Sector Performance in 2018

A Historical Analysis of Lebanon’s Public Debt

Lebanon’s 2019 Draft Budget

< back UNCTAD Report: Investment Policy Review for Lebanon

The Tourism Sector in Lebanon: 2018 in Review

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”