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
According to Lebanon’s commercial banks’ balance sheet, total assets increased 6.50% year-to-date (y-t-d) and 9.23% annually to $198.07B by September 2016. On a year-to-date basis, reserves increased by ... read more
According to Business News, the completion of 3 industrial cities planned by the Ministry of Industry in collaboration with United Nations Industrial Development Organization (UNIDO) and the Association of ... read more
According to Kafalat, the number of loan guarantees grew from 557 guarantees by October 2015 to 592 guarantees by October 2016. The overall value of the guarantees rose 1.67% to reach $78.16M by October ... read more
According to both Moody’s and Fitch, the end of the presidential deadlock in Lebanon holds positive prospects for the country’s economy; however, improvement would be gradual and the economy will remain ... read more
Lebanon’s gross public debt recorded a yearly growth of 8.74%, to stand at $74.73B by September 2016. In details, debt in local currency, LBP, accounting for 61.27% of the total gross public debt, ... read more
According to the Ministry of Tourism, the number of tourist arrivals rose by a yearly 10.23% to 1.30M by September. This rise was partly due to the occurrence of most of the religious holidays during the ... read more
According to the Lebanese Customs, Lebanon’s trade deficit broadened by 8.64 % to $11.94B by September 2016, as exports increased by a yearly 3.25% to $2.31B, while imports added 7.73% y-o-y to $14.24B. On ... read more
According to the data issued by the Ministry of Industry, the total value of industrial exports decreased from $2.5B during the first 8 months of the 2015 to $1.71 in 2016, as oil prices maintained their ... read more
Lebanon’s Balance of Payments (BoP) registered a $188.7M surplus in September 2016 and a $554.7M surplus during the first 9 months of the year, compared to a deficit of $1.77B by September 2015. As such, ... read more
The balance sheet of the Lebanese Central Bank (BdL) showed a 14% increase y-t-d in BDL’s assets to $103.65B. Due to the BDL swap operation, whose aim was to boost its foreign assets, BDL’s foreign assets, ... read more
BLOM Bank posted an 18.74% yearly increase in its net profits to stand at $344.07M, end of September 2016. In details, net interest income and net fees and commission income added 12.64% and 2.42% ... read more
BLC Bank posted a 15.33% yearly drop in its net profits to $27.75M, end of September 2016. This drop is due to booking of additional provisions in USB Bank, BLC Bank’s subsidiary in Cyprus. In details, net ... read more
According to the data published by the Lebanese Cadastre Registry, during the first three quarters of this year, the real estate activity marginally improved. The total number of real estate transactions ... read more
Bank BEMO’s net profits marginally rose by 0.61% year-on-year by the third quarter of 2016, to $10.40M. In details, the bank’s net interest income and net fee and commission increased by 8.24% and 9.92% ... read more
Bank of Beirut’s financial statements displayed an 8.43% yearly rise in net profits to $149.65M end of September 2016. In fact, net interest income and net fees and commission income grew by 11.74% and ... read more
The consolidated financial statements of Byblos Bank revealed a small 0.51% year-on-year (y-o-y) increase in profits to $113.08M in the third quarter of 2016 (Q3 2016). This was due to the fall in net ... read more
During the third quarter (Q3) of 2016, Bank Audi’s net profits surged 15.18% year-on-year, to $350.34M. In details, the bank’s net interest income increased 6.80% annually, to $759.70M, while net fee and ... read more
According to the 2016 World Economic Forum’s Global Gender Gap Index Report, Lebanon ranked 135th out of 144 countries. With this rank, Lebanon earned a score of 0.598, where 0 represents complete gender ... read more
On October 18th, HOLCIM’s board of directors held an extraordinary general meeting to discuss the execution of the capital decrease process that was approved in December 14, 2010. The following changes ... read more
According to the Ministry of Finance, personnel costs dropped by a yearly 5% to $3.40B in January 2016. In details, the fall in personnel costs was justified by a 10% year-on-year plunge in their salaries, ... read more
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