According to the Lebanese Customs, Lebanon’s trade deficit broadened by 7.92 % to $13.16B by October 2016, as exports increased by a yearly 2.75% to $2.56B, while imports added 7.04% y-o-y to $15.72B. On ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed a 13.28% rise y-t-d in BDL’s assets to $102.98B. BDL’s foreign assets, constituting 39.10% of total assets, registered a 8.56% increase from ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon’s value of cleared checks plunged by 6.49% year-on-year (y-o-y), where the number of checks cleared by Banque du Liban reached 10.26M worth ... read more
By the first 3 quarters of the year, cement deliveries observed an uptick, rising by a yearly 5.05% to 3.89M tons compared to 3.71M tons by September 2015. This rise could be partially attributed to the ... read more
During the extraordinary general assembly held on November 26 , 2016, Bank Audi shareholders agreed upon the decision to raise the bank’s capital from LBP 668.19B ($443.24 M) to LBP 672.33B ($ 445.99 M) ... read more
According to the Ministry of Finance, personnel costs increased by a yearly 4% to $2.41B by June 2016. In details, this rise in personnel costs can be attributed to the 4% year-on-year incline in payments ... read more
According to the Orders of Engineers in Beirut and the North, the number of permits rose by 14.50% year-on-year (y-o-y) to 14,380 during the first 10 months of 2016, versus 12,559 during the same period in ... read more
The Régie Libanaise des Tabacs et Tombacs, will produce international brands “Gitanes”, “Gauloises” and “West” in its factory as per an agreement signed between the Lebanese manufacturer and the UK-based ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 27.13% to reach $2.53B by August 2016, versus a deficit of $1.99B in the same period in 2015. The 4.13% year-on-year (y-o-y) ... read more
According to the Ministry of Industry, the value of total industrial exports dropped from $242.5M in September 2015 to $184.3M in September 2016. The main exported products were Machinery and Electrical ... read more
According to the Central Administration of Statistics (CAS), the Lebanese economy’s average inflation rate stood at -1.42% year-on-year (y-o-y) by Oct.2016. Primarily, “Transportation” (13.10% of CPI) and ... read more
According to Banque du Liban’s Balance Sheet (BDL) , total assets dropped to $103.44B by mid-November 2016 compared to mid-October 2016. Over the same period, Foreign Assets, which represent 39.22% of ... read more
Based on the general assembly meeting held on the 28th of September, the Intercontinental Bank of Lebanon’s (IBL) decided on increasing its capital from LBP 150B to LBP 155.625B through the issuance of ... read more
The annual cumulative revenues of the Port of Beirut recorded an incremental yearly decline of 0.12%, totaling $199.11M by Oct.2016. The minimal change in the Port’s revenues is mainly attributed to the ... read more
Following the approval of the capital markets’ authority in September 26,2016, BEMO securitization established a securitization investment fund for T. Gargour & Fils, called TGF Star II SIF. As such, ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars fell 4.10% year- on- year (y-o-y) to 33,311 cars by October 2016. In details, the ... read more
According to Ernest and Young’s Hotel Benchmark Survey, Beirut hotel occupancy rate steadied at 58% by October 2016, when compared to the same period last year. However, this was accompanied with hotels ... read more
On November 16, BLOM Bank announced it has signed an agreement, which is expected to be completed during the first half of 2017, to acquire HSBC Bank’s assets and liabilities. HSBC had 3 branches in ... read more
By June 2016, records of Lebanon’s Ministry of Finance indicated treasury transfers to EDL amounted to $334.40M compared to $627.54M in H1 2015. The decline may seem economically revitalizing vis-à-vis the ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the third quarter of 2016. As a result, the Bank’s financial statements revealed an increase in its net profits to $3.02M compared to a ... read more
The Rafic Hariri International Airport activity rose during the first 10 months of 2016, where the total number of passengers increased by a yearly 7.15% to 6.56M. The number of arrivals to Lebanon went up ... read more
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