The construction industry in Lebanon showed positive performance in the first five months of this year with the number of real estate permits increasing from 5,816 in May 2015, compared to 6,897 in the ... read more
On June 27th, 2016, Solidere shareholders attended a general assembly that was initially scheduled for June 6th, but failed to reach quorum. The general assembly was concluded with the decision to ... read more
According to United Nations Conference on Trade and Development’s World Investment Report 2016, global Foreign Direct Investment (FDI) inflows grew 37.99% from 2014, to $1,762B in 2015, the highest level ... read more
According to “Al Iktissad wal Aamal”, before the end of June, The Central Bank of Lebanon is expected to issue a new circular regarding the establishment of a fund for Real Estate Lending. This new ... read more
During the Ordinary General Assembly held on the 23rd of June 2016, Rymco decided to distribute dividends of an amount of 4,504,500,000 LBP ($2.99M) with an average of 165 LBP ($0.11) per share before tax ... read more
During the first five months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 7.62% y-o-y to reach 32,709. Also, the total value of ... read more
When looking at the monthly hotel occupancy rates published by E&Y’s Hotel Benchmark Survey, Beirut’s hotel occupancy rate registered an increase from 64% in May 2015 to 66% in May 2016. In fact, the ... read more
Deflation persisted in May 2016 as demonstrated by the Consumer Price Index (CPI) that dropped by 2.45% y-o-y by May 2016. According to the Central Administration of Statistics (CAS), the CPI decreased ... read more
During the first five months of the year, the value of cleared checks decreased by 2.30%, illustrating lower levels of consumption and spending. In fact, the number of checks cleared by Banque du Liban ... read more
Activity at the Port of Beirut (PoB) remained resilient in the first five months of 2016 as the port’s revenues recorded a yearly increase of 4.57% to $98.80M. Total container activity including ... read more
Ciments Blancs posted net profits of $2.77M in 2015, a 22.47% decrease from $3.57M in 2014. This occurred due to a 10.01% yearly decrease in sales to $12.77M. On the balance sheet, total assets increased ... read more
Following stake sales to the Bahraini Holding CIH S.A.L and the board member Sarkis Demerjian, EuroMena III Fund was approved to acquire a share of around 3% of Credit Libanais. The purchased value ... read more
According to its financial statements, HOLCIM recorded a net profit of $19.19 M in 2015 compared to $33.53 in 2014. Gross profit margin saw a yearly decrease from 17.34% in 2014 to 13.05% in 2015, on the ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $98.23B in mid- June 2016, recording a 3.33% increase from Mid-May’s 2016 level. Although foreign assets, ... read more
According to the Central Bank of Lebanon (BdL), Electricity production reached 1,076M of Kilowatt-Hour (KWH) in March 2016 compared to 1,124M KWH during the same month last year, posting a 4.27% yearly ... read more
The Minister of Industry , Minister Hussein Hajj Hassan, launched a vision for the year 2025. The strategies of this vision include, among other things, encouraging the creation of new subsectors, raising ... read more
In June 2016, Moody’s affirmed Lebanon’s government bond rating at B2 and maintained a negative outlook. The rating mirrors Lebanon’s fiscal flexibility and solid liquidity position, while the outlook ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars added 1.36% year-on-year (y-o-y) to 15,300 cars by May 2016. This growth was prompted by ... read more
According to Kafalat, the number of granted loans increased from 224 by May 2015 to 289 guarantees in May 2016. The overall value of the guarantees reached $40.39M by May 2016 compared to a value of ... read more
According to the Ministry of Finance, the fiscal balance recorded a deficit of $1.44B in the first three months of 2016 compared to a deficit of $1.06B in the same period in 2015. In the first quarter of ... read more
The Rafic Hariri International Airport (RHIA) activity improved during the fifth month of this year, as the total number of passengers increased by a yearly 11.3% to 2.80M. In details, the number of ... read more
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