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
After 30 years at the helm of BDL, Governor Riad Salameh’s tenure ended on July 31st, 2023. As a result, the first Vice Governor, Wassim Mansouri, will take over as Acting Governor, and will run BDL in ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 14.18% to stand at 317,034 twenty-foot equivalent unit (TEU) by the first five month of 2023, with transshipment activity ... 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 51.05% to reach 5,061 permits by half 2023. ... 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 data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 1,013,924 checks by June 2022 to 264,443 checks ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 36.93% compared to last year, to reach $105.4B by mid-July 2023, amid adopting the 15,000 LBP/USD official ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 33.38% to stand at $115.21B by May 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 per ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.23B by May 2023, far exceeding the deficit over the same period last year of $2.1B. Accordingly, Net foreign Assets (NFAs) of BDL ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 36% percentage points (pp) by April 2023, down from last year’s percentage of ... 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 878,074 checks by May 2022 to 231,909 checks by ... 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
BDL issued on 5 July 2023 two intermediate Circulars. Intermediate Circular 673 extends Basic Circular 151 to 31/12/2023. The circular permits clients to exchange every month their USD deposits at ... read more
According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market showed steady improvement by 5.23% YOY by May 2023. In more details, for the period ending May 2023, the cumulative number ... read more
The activity at Rafic Hariri International Airport improved by the fifth month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 23.62% on ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.3% compared to last year, to reach $104.47B by end of June 2023, amid adopting the 15,000 LBP/USD ... read more
Byblos Bank published last week its un-audited financial results for end March 2023. As expected, the results were impacted by the current crisis affecting the Lebanese economy and financial markets. Based ... read more
On June 29, and after an absence spanning five years, the IMF published its Lebanon 2023 Article IV Consultation Report. In terms of context, it indicated that “Lebanon’s severe and multifaceted crisis, ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 9.97% to stand at 243,428 twenty-foot equivalent unit (TEU) by April 2023, with transshipment activity (TS) adding 72.42% YOY ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.12% compared to last year, to reach $104.72B by mid-June 2023, amid adopting the 15,000 LBP/USD official ... read more
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