The International Bank for Reconstruction and Development “IBRD” of the World Bank has offered Lebanon a loan of $40M to fund the implementation of the Second Education Development Project. The project’s ... read more
The board of directors of Byblos Bank called on the bank’s common shareholders to attend an extraordinary general assembly meeting which is to be held on the 30th of September 2016 at 12:00 p.m in the ... read more
The board of directors of Bank of Beirut (BOB) Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 25th of August 2016 at 10:30 a.m in the ... read more
According to AUDI Bank Egypt’s income statement, the bank’s consolidated net income reached $46.55M in June 2016, 39.77% higher than the same period last year. Also, Net interest income and net fees and ... read more
According to the Lebanese Customs, Lebanon’s trade deficit rose by 6.97% from $8.54B by July 2015 to $9.13B by July 2016. As such, due to the political turmoil in Lebanon and its neighboring countries, ... read more
During an extraordinary general assembly meeting held by BLC Bank’s board of directors on the 11th of July 2016 at 10:30 a.m., the board decided the following: The bank will increase its capital from LP ... read more
The Lebanese community is in a period of deepening uncertainties, where it is witnessing lower consumption levels and investments. This was reflected by the contracting cleared checks’ activity. As such, ... read more
Cement deliveries observed an upward trend by June 2016, rising by 10% to 2.50M tons compared to 2.27M tons by June 2015. This rise could be partially justified by the recovering construction activity ... read more
The board of directors of BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 11th of August 2016. BLC Bank confirmed the formalities ... read more
According to the data published by the Lebanese Cadastre Registry, during the first seven months of 2016, the real estate activity kept on recovering from last year’s levels, where the total number of real ... read more
According to Byblos Bank and the American University of Beirut (AUB), the diplomatic crisis with GCC countries, the waste management crisis, and the persistent political insecurity overshadowed the ... read more
According to the Central Administration of Statistics (CAS), average consumer prices, reflected by the average Consumer Price Index (CPI), dropped by 2.22% y-o-y by July 2016. In fact, the average CPI fell ... read more
According to Ernest and Young’s Hotel Benchmark Survey, most of the countries observed improvements in occupancy rate levels y-o-y in July 2016. Due to the multitude of events and festivals held across the ... read more
Trade activity at Lebanon’s main customs offices witnessed a rise in value during the first half (H1) of 2016. As stated by the Lebanese Customs, total imports grew yearly 6.97% to $9.39B by June 2016, due ... read more
Venture Group, a development and consulting company, also known for developing several leisure projects in Lebanon, such as The Village, Dbayeh, The Backyard, Hazmieh, and Uruguay Street, Beirut, decided ... read more
According to the balance sheet of the Lebanese Central Bank (BdL), total assets rose 2.21% from Mid-July’s 2016 level to reach $101.81B in mid- August 2016, registering a 12% y-t-d growth. This increase ... read more
Based on data from Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars slightly rose 0.41% year- on- year (y-o-y) to 23,684 cars by July 2016, where ... read more
Port of Beirut (PoB) registered a 0.49% yearly increase in its revenues during the first seven months of the year to reach $139.52M. Total container activity including transshipment (TEU+TS) rose by an ... read more
According to Odea Bank’s official statement, released by the Beirut Stock Exchange, Odea Bank announced the successful completion of a TL 1.0 billion ($340M) capital increase, after obtaining necessary ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets increased 2.35% year-to-date (y-t-d) y-o-y and 5.70% annually, from $180.08B by June 2015 to $190.36B by June 2016. On a year-to-date ... read more
The knowledge economy in Lebanon is continuing to attract new funds and stakeholders. The newest addition is Pheonician Fund I, a venture capital (VC) with a target size of $50M. On the 8th of August 2016, ... read more
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