According to the World Economic Forum report, the competitiveness index is measured by 3 sub-indices: the basic requirement sub-index, the Efficiency enhancers sub-index, and the Innovation and ... read more
Trade activity at Lebanon’s main customs offices witnessed a rise in value during the first 7 months of the year. As stated by the Lebanese Customs, total imports value rose by a yearly 5.19% to $10.84B by ... read more
Lebanon’s gross public debt registered a yearly rise of 6.06%, to reach $73.38B by July 2016. In details, debt in local currency, LBP, grasping around 60.5% of the total gross public debt, witnessed an ... read more
According to Ernest and Young’s Hotel Benchmark Survey, most of the countries in the MENA region observed a downward trend in hotel occupancy rate levels by August 2016. As for Lebanon, although the number ... read more
The board of directors of Bank of Beirut (BOB) Bank called on the bank’s preferred “K” shareholders to attend an extraordinary general assembly meeting which will be held on the 11th of October 2016 at the ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 8.52% to reach $1.94B by June 2016, versus a deficit of $1.78B in the same period in 2015. In details, in the first half of the ... read more
According to Kafalat, the number of loan guarantees grew to 475 guarantees by August 2016. The overall value of the guarantees rose 13.47% to reach $65.73M by August 2016 compared to a value of $57.93M ... read more
According to the Central Administration of Statistics (CAS), average consumer prices, depicted by the average Consumer Price Index (CPI), declined by 2.05% y-o-y by August 2016, where the average CPI fell ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets grew 2.66% year-to-date (y-t-d) and 6.12% y-o-y, from $179.91B by July 2015 to $190.93B by July 2016. The main drivers behind the y-t-d ... read more
Port of Beirut (PoB) recorded a 1.13% yearly rise in its revenues by August 2016 to reach $160.54M. Total container activity including transshipment (TEU+TS) grew by an annual 0.78% to 770,205 twenty-foot ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars marginally fell 0.04% year- on- year (y-o-y) to 27,355 cars by August 2016. In ... read more
According to the Ministry of Finance, personnel costs rose by a yearly 5.25% to $4.70B by December 2015. The rise in personnel salaries was justified by a 4% year-on-year increase in salaries, wages and ... read more
The board of directors at BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting to be held on the 22nd of September 2016 in the bank’s headquarters. The meeting’s ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon has been witnessing a downward trend in both the value and number of cleared checks this year. As such, the value of cleared checks dropped ... read more
According to the Ministry of Tourism, the number of tourist arrivals rose by a yearly 8.61% to 955,813 by July. This rise was due to the increase in the number of tourist arrivals from the Arab countries, ... read more
According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit increase from $1.32B by July 2015 to $1.42B by July 2016. Net Foreign Assets (NFA) of BDL increased $128M, ... read more
According to Business News, two large corporate deals were sealed. As reported by the agency, Tabourian Group used to own a 51% share in Sannine and is now the full owner through the acquisition of the ... read more
According to a survey issued from the partnership between the Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank, Arab banks are witnessing withdrawal of correspondent bank ... read more
According to Midclear, the nominal value of Jammal Trust Bank’s (JTB) shares was increased from LBP 100 to LBP 10,000, following a reverse stock split. Accordingly, the total number of shares dropped from ... read more
The Rafic Hariri International Airport activity rose during August 2016, where the total number of passengers increased by a yearly 8.12% to 5.19M. The number of arrivals to Lebanon went up by 8.84% y-o-y ... read more
According to Standard & Poor’s (S&P) latest report, the outlook on Lebanon was revised from negative to stable, and Lebanon maintained its B-/B rating for its banking sector. The outlook revision ... read more
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