According to the Global Information Technology Report, a result of collaboration between the World Economic Forum and INSEAD, Lebanon ranked 88th among 139 countries, with a score of 3.8, on the Networked ... read more
According to the monthly hotel occupancy rates published by E&Y’s Hotel Benchmark Survey, all countries in the region witnessed drops in occupancy rates y-o-y in June 2016, the worst being Amman, ... read more
As the Lebanese community continues on shifting its preferences in payment methods in favor of electronic payments, and as Lebanon is witnessing lower consumption and spending levels, cleared checks ... read more
On Wednesday June 15th, 2016 at 2:00 pm, the Ordinary General Assembly of HOLCIM took place at “Le Royal” Hotel, Dbayeh. During the assembly, the Board decided to elect the Chairman of the Board, nominate ... read more
Average Consumer Prices Dropped 2.51% by June 2016 According to the Central Administration of Statistics (CAS), average consumer prices decreased by 2.51% y-o-y in H1 2016, where the average Consumer Price ... read more
Lebanon’s real estate market seems to have entered in a recovery phase during 2016, progressing from the low base reached in the previous years. This was also reflected in yearly progresses of the main ... read more
According to the orders of engineers and architects in Beirut and Tripoli, the construction industry grew within the first 6 months of the year, where the number of real estate permits increasing from ... read more
According to the Ministry of Finance, transfers to EDL reached $90.53M in the first 2 months of 2016, 56.6% lower than its level in the same period of 2015. This decline mainly resulted from the 57.4% ... read more
Port of Beirut (PoB) posted a 1.92% yearly increase in its revenues in the first half (H1) of 2016 to $119.86M. Total container activity including transshipment (TEU+TS) grew by an annual 3.67% to 578,074 ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars increased by 3.01% year-on-year (y-o-y) to 19,749 cars by June 2016. This rise in the ... read more
According to Moody’s latest report, the outlook for the Lebanese banking system remained negative. The negative outlook was maintained as the rating agency believes that first, economic conditions will ... read more
During the extraordinary general assembly held on March 21st, 2016, Bank of Beirut (BoB) shareholders agreed upon the decision to raise the bank’s capital from LBP 105.41B ($69.24 M) to LBP 109.38B ($ ... read more
The Rafic Hariri International Airport activity grew during June 2016, where the total number of passengers increased by a yearly 8.51% to 3.38M. In details, the number of arrivals to Lebanon went up by ... read more
Following a general assembly held on June 22nd 2016, Ciments Blancs announced the distribution of a cash dividend equivalent to LBP 433 per share. The record date for the nominal shares has been set at ... read more
During the general assembly held on June 15th 2016, the board decided to distribute dividends based on 2015’s financial performance. The cash dividend is equal to LBP 1,219 per share, and will be ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon’s gross public debt reached $71.48B by May 2016, which shows an increase of 3.03% from May 2015 and 1.66% as of December 2015. Debt in local ... read more
According to Lebanon’s Balance of Payments (BoP), Lebanon observed a significant deficit increase from $525M by May 2015 to $1.76B by May 2016., Net Foreign Assets (NFA) of both BDL and commercial banks ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets witnessed a y-t-d increase of 1.42% and an increase of 5.36% y-o-y from $179.03B by May 2015 to $188.63B by May 2016. This y-t-d ... read more
According to the data issued by the Ministry of Industry, the total value of exports decreased by 12.83% y-o-y in Q1 2016 to reach $633.9M. This remarkable yearly drop in value can be mainly attributed to ... read more
According to Global Blue, tourist spending in Lebanon decreased by a yearly 18% in Q2 2016, compared to Q2 2015 and 22% compared to Q1 2016. This contraction can be linked to the lower spending by GCC ... read more
According to the World’s Bank logistics performance index (LPI), Lebanon recorded an LPI score of 2.72 in 2016, which ranked it 82nd out of 160 countries, compared to a score of 2.73 and a rank of 85 in ... read more
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