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 balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.46% compared to last year, to reach $103.58B by mid of August 2023. The fall was mainly due to the 90.56% ... read more
According to the customs Administration, Lebanon’s trade deficit totaled $8.32B down from $10.36B during the same period last year. Total imported goods dropped by 16.27% year-on-year (YOY) to $10.69B ... read more
Last week, a report by the Issam Fares Institute (IFI) at AUB, “THE FORENSIC REPORT OF THE BANQUE DU LIBAN: A SHORT ANALYSIS”, prepared by the Associate Fellow Dr Sami Geadah, was published. The report ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 16.81% to stand at 391,894 twenty-foot equivalent unit (TEU) for the month of June 2023, with transshipment activity (TS) ... read more
The activity at Rafic Hariri International Airport improved in the seventh month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 20.67% ... read more
In a press conference held on 25/8/202, Acting BDL Governor Dr Wassim Mansouri outlined BDL’s policy for the duration of his tenure, and the most salient feature of it is that BDL will stop funding ... 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 1,123,318 checks by July 2022 to 298,043 checks ... 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
Arab nations have a historical trajectory of establishing contemporary financial sectors. Despite variations among these countries, the region has effectively embraced economic and financial reforms to ... read more
Riad Salameh’s 30 year tenure just came to an end on July 31st 2023. At first, it was very unclear who was going to replace the central bank Governor as the government kept failing to elect a successor. ... read more
A statement issued on 17/8/2023 by Acting BDL Governor, Dr Wassim Mansouri, claimed that BDL liquid FX reserve assets stood at $8.573 billion at end July 2023. The distribution of assets is as follows: ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable decrease of 47.33% to reach 5,973 permits by July ... read more
The preliminary Forensic Audit Report of BDL by Alvarez and Marsal Middle East was released by the Ministry of Finance last week. We will focus in this economic digest on two points raised by the report: ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.14B by June 2023, far exceeding the deficit over the same period last year of $2.57B. Accordingly, Net foreign Assets (NFAs) of ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 31.88% to stand at $116.43B by June 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 per ... read more
Lebanese banks have long been pillars of the country’s financial system, contributing significantly to its economic growth and stability. However, since the onset of the crisis in 2019, the banking ... read more
In its latest World Economic Outlook of July 2023, the International Monetary Fund (IMF) stated that global economy would continue to gradually recover from the pandemic and Russia’s invasion of Ukraine. ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.15% compared to last year, to reach $103.09B by end of July 2023. The fall was mainly due to the 90.52% ... read more
The activity at Rafic Hariri International Airport improved during the first half of 2023 compared to the same period last year. In fact, the number of Beirut’s International airport passengers added ... read more
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