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
The Central Bank of Lebanon’s (Banque du Liban BDL) definition and calculation of the balance of payments (BOP) as the change in net foreign assets of the financial system departs from the standard ... read more
BLOM Bank published today on 9/5/2023 its consolidated but un-audited financial results for Q1 2023. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 38.72% compared to last year, to reach $102.11B by end of April 2023, amid adopting the 15,000 LBP/USD ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 36.2% percentage points (pp) by February 2023, down from last year’s ... read more
The activity at Rafic Hariri International Airport improved in the third month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 23.49% on ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 33.8% to stand at $115B by February 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 per ... read more
BDL issued a new Circular No 165 on 19/04/2023 in relation to the electronic settlement operations related to “banknotes” or “cash money”. The Central Bank of Lebanon took the initiative to declare ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.64B by February 2023, far exceeding the deficit over the same period last year of $954.9M. Accordingly, Net foreign Assets (NFAs) ... 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 annual ... 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 565,271 checks by March 2022 to 159,827 checks ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 38.32% compared to last year, to reach $101.91B by mid-April 2023, amid adopting the 15,000 LBP/USD official ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.82B in December 2022, thereby recording an annual increase of 1.4% YOY. The rise is mainly ... read more
In its latest World Economic Outlook of April 2023, the IMF stated that global economy is on the path to recover but the road is rocky. Overall outlook is uncertain again amid recent financial sector ... read more
Lebanon 2018 2022 GDP (billion USD) 55.27 21.31 Population (million) 5.95 5.49 Per-capita GDP (USD) 9,289 3,881 Source: World Bank Lebanon has experienced a severe crisis in 2019 that saw its per-capita ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 6.03% to stand at 110,493 twenty-foot equivalent unit (TEU) for the month of February 2023, with container activity (TEU) ... 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 356,777 checks by February 2022 to 93,120 ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.94B in November 2022, thereby recording an annual increase of 2.1% YOY. The rise is mainly ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.70% compared to last year, to reach $101.35B by end of March 2023, amid adopting the 15,000 LBP/USD ... read more
On the heels of the IMF’s Article IV Mission Statement last week, Deputy Prime Minister Saade Chami issued a statement this week reiterating the truly dangerous situation in Lebanon and the urgent need to ... read more
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