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
According to the Ministry of Finance, Lebanon’s Gross Public Debt reached $71.65B by April 2016, up by 3.16% from April 2015 and 1.91% since year-start. Gross domestic debt amounted to $44.02B by April and ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 1.04% year-to-date increase (y-t-d) and a 4.75% year-on-year (y-o-y) advance in total assets to $187.92B. Claims on the resident ... read more
The ordinary General Assembly of BLC Bank, which convened on the third of June 2016 at the bank’s headquarters, agreed on the bank’s financial records for the year ending 31/12/2015 and decided to ... read more
The distribution of 2015’s dividends worth a total of 7,376 million LBP or $4.89M was agreed upon during the Ordinary General Assembly of Bank BEMO, held on the 7th of June 2016 at the bank’s headquarters. ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $899.1M in the first four months of 2016, compared to a deficit of $714.2M in the same period last year. The widening deficit is the result of a ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $899.1M in the first four months of 2016, compared to a deficit of $714.2M in the same period last year. The widening deficit is the result of a ... read more
The Lebanese Central Bank (BDL) approved on the first of June 2016, the request of Credit Libanais Bank to sell 2.7M shares of EFG Hermes stake in the Lebanese Bank to the Bahraini Holding CIH S.A.L and ... read more
In line with the Central Bank’s (BDL) attempt to decrease the number of banks in Lebanon due to the fierce competition, and following the merger deal between Banque de L’Industrie et du Travail S.A.L (BIT) ... read more
During its extraordinary general assembly held on May 26, 2016, Bank of Beirut (BoB) decided to increase the bank’s capital from LBP 109.38B to LBP 115.22B by issuing 4 million preferred shares class “K”. ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.71B in May 2016, recording a 0.25% monthly decrease from April’s 2016 level and a 5.22% rise from May 2015’s ... read more
Bank Audi SAE, operating in Egypt, recorded a 58% yearly growth in its net profits to EGP 286.78M (equivalent to $32.31M). This was triggered by the 18.64% and 21.93% y-o-y increases in net interest income ... read more
The construction industry in Lebanon showed positive performance in the first four months of this year with the number of real estate permits increasing to 5,676, compared to 4,621 in the same period of ... read more
According to data from the Lebanese customs, Lebanon’s trade deficit reached $5.28B in the first four months of 2016, up by 14% from the $4.63B registered by April 2015. Exports dropped by an annual 2.56% ... read more
According to the Ministry of Tourism, the number of tourists who visited Lebanon in the first four months of the year increased by a yearly 8% and totaled 428,947. Arab tourists, representing the third of ... read more
The board of directors of BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which is to be held at the bank’s headquarters on the 3rd of June 2016 at 12:00 p.m. ... read more
Trade activity at Lebanon’s main customs offices witnessed a mixed performance during the first four months of 2016. In fact, total imports increased by a yearly 11% to $6.36B while total exports fell by a ... read more
According to the Ministry of Finance, transfers to EDL reached $1.13B by the end of 2015, substantially lower than the $2.04B transferred over the same period in 2014. This decline mainly resulted from the ... read more
According to Ernst & Young Middle East Hotel Benchmark Survey, Beirut’s hotel occupancy rate slightly declined from 55% by April 2015 to 54% by April 2016. The downtick in Beirut’s hotel occupancy may ... read more
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