The latest data issued by the Orders of Engineers in Beirut and the North revealed that the number of permits rose by 14.71% year-on-year (y-o-y) to 12,879 by the third quarter of 2016, compared to 11,227 ... read more
According to the Central Administration of Statistics (CAS), average consumer prices dropped by 1.71% y-o-y by September 2016 as reflected by the average Consumer Price Index (CPI) which decreased from ... read more
BBAC issued 5,000,000 new preferred shares series “C”, worth $50M. The shares, whose issue price is $10 per share, will be sold in units, where each unit represents 100 shares. Moreover, the shares ... read more
Due to the occurrence of Adha Holidays during the month of September, Beirut’s hotel occupancy rate increased to 70%, the highest level seen since the beginning of the year. Still, the average rate per ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon’s value of cleared checks dropped by 6.76% year-on-year (y-o-y), where the number of checks cleared by Banque du Liban reached 9.20M worth ... read more
Lebanon’s gross public debt registered a yearly growth of 7.50%, to reach $74.04B by August 2016. In details, debt in local currency, LBP, grasping around 60.72% of the total gross public debt, witnessed ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets rose 5.26% year-to-date (y-t-d) and 7.79% y-o-y, to stand at $195.77B by August 2016. As a result of the BDL swap with the local banks, ... read more
Port of Beirut (PoB) recorded a 1.64% yearly rise in its revenues to reach $180.43M, a five year high during the first three quarters of the year. By September, total container activity including ... read more
During Byblos Bank’s extraordinary general assembly on the 30th of September, the board of directors of the bank approved the acquisition of the assets, rights, liabilities, and commitments of Banque ... read more
The lower number of GCC tourists coming to Lebanon led to a 10% y-o-y fall in tourist spending by the third quarter (Q3) of 2016, according to Global Blue. However, on a quarterly basis, the occurrence of ... read more
According to the Association of Lebanese Car Importers, despite the increasing promotional and advertising campaigns, the number of newly registered cars fell 12% from August 2016 to September 2016. Also, ... read more
As revealed by the Lebanese Customs, trade activity at Lebanon’s main customs offices progressed during the first 8 months of the year. Total imports’ value rose by a yearly 8.52% to $12.79B by August ... read more
As the latest figures released by the Orders of Engineers in Beirut and the North revealed, the number of permits rose by 15.03% year-on-year (y-o-y) to 11,289 by August 2016, compared to 9,814 during the ... read more
According to the Lebanese Customs, Lebanon’s trade deficit widened by 9.66% from $9.80B by August 2015 to $10.74B by August 2016. Exports increased by a yearly 3.10% to $2.05B, while imports added 8.55% ... read more
The Rafic Hariri International Airport activity rose during the first 3 quarters (Q3) of 2016, where the total number of passengers increased by a yearly 8.28% to 6M. this is the highest level attained in ... read more
In a previous extraordinary general assembly meeting held by BoB on May 26, 2016, the bank decided on increasing its capital from LBP 109,387,674,000 ($72.56B) to LBP 115,218,674,000 ($76.43B), ... read more
Delivery of Plots Boosts Income Statement Solidere released its consolidated financial statements for the first 6 months of 2016, revealing an improvement in its bottom line from a net loss of $28.71M by ... read more
The BoP recorded a large surplus of $1.79B in August alone and thus turned the BoP of the year into positive territories with a surplus of $366.2M compared to a deficit of $1.65B by August 2015 and $1.42B ... read more
The balance sheet of the Lebanese Central Bank (BdL) observed a growth in total assets that reached $104.09B in September 2016, recording a 0.37% increase from August’s 2016 level, and a 13.60% rise from ... read more
According to the data published by the Lebanese Cadastre Registry, during the first eight months of this year, the real estate activity maintained a positive performance. The total number of real estate ... read more
According to the International Finance Corporation (IFC), BLC Bank will be the first to profit from the MENA SME Risk Sharing Facility, as the IFC and the Agence Française de Développement (AFD) will ... read more
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