The visit of Jesse Baker, (Deputy Assistant Secretary of the Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes) to Lebanon on March 7-8, 2024, has raised ... read more
The fund Cylinder 3 SIF is a mutual fund launched and marketed by BEMO Securitization. The fund was approved by the Capital Markets Authority (CMA) on the 6th of August 2014. According to Midclear, BEMO ... read more
In their latest publication, real estate advisers RAMCO, revealed that 34 office buildings are under construction across Municipal Beirut in 2016, accounting for a total construction area of 194,863 square ... read more
Following four years of frail activity, construction gained momentum by February this year with the number of real estate permits increasing to 2,521, compared to 1,966 in the same period of 2015. Noting ... read more
Lebanon’s trade deficit for the first two months of 2016 stood at $2.46B, widening from the $2.17B registered by February 2015. Total imports grew by 7.93% year-on-year (y-o-y) to $2.87B, while exports ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year 2015. The Bank’s financial statements revealed a surge in its net profits from $121,000 in 2014 to $17.60M in 2015. This was ... read more
Following the 27% yearly drop in 2014, Lebanon’s fiscal deficit widened by 28.62% year-on-year (y-o-y) to $3.95B by the end of 2015. This was attributed to the 11.98% yearly decrease in government revenues ... read more
During the first 2 months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 22.7% y-o-y to reach 12,335. Also, the total value of these ... read more
Bank Audi’s board of directors invited all holders of ordinary shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, Beirut Commercial ... read more
The board of Directors of BLOM Bank S.A.L convened on March 18th, 2016 and recommended to the General Assembly. The General Assembly will be held on the 14th of April, 2016 at 10:00 am in Beirut, Lebanon ... read more
Consumer prices maintained the downward trend during the first two months of 2016 as imported deflationary pressures are still weighing on the prices of Lebanese goods and services since 2015. In this ... read more
The number of industrial permits reached 339 in the second half of 2015 (H2 2015), compared to 320 for the same period in 2014. The highest number of permits, 74, was recorded during the month of August ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s hotel occupancy rate registered 55% by February 2016, up from 53% by February 2015. Among the MENA countries, Lebanon ranked ... read more
Following the extraordinary general assembly’s approval on the 16th of February, Middle East & Africa Bank S.A.L increased its capital from LBP156B (equivalent to $103.48M) to LBP186B (equivalent to ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $70.62B in January 2016, a 6.08% year-on-year (y-o-y) increase and a 0.43% uptick from that of December 2015. ... read more
Following the approval of the extraordinary general assembly on the 22nd of January 2016, Credit Bank S.A.L increased its capital by LBP79.39B (equivalent to $52.67M) to LBP159.62B (equivalent to ... read more
EFG Hermes, the largest publicly traded investment bank in the Arab world approved today the sale of a 40 percent stake (equal to 9.41M shares) in Credit Libanais to Arab and Lebanese investors at $33 per ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.11% progress in assets from December 2015’s level of $185.99B to $186.20B in January 2016, which reflected to a 5.95% year-on-year ... read more
According to the World Economic Forum, Lebanon ranked 125th out of 126 countries in the global Energy Architecture Performance Index (EAPI). The index focuses on tracking specific indicators to measure the ... read more
According to the Ministry of Tourism, the number of tourists who visited Lebanon in the first two months of the year increased by a yearly 9% and totaled 191,808. Arab tourists, accounting for 36% of total ... read more
As part of the Lebanon Industry Value Chain Development (LIVCD) project, the United States Agency for International Development (USAID) granted olive farmers 318 mechanical harvesters that run on ... read more
As part of the Lebanese Ministry of Telecommunication’s 2020 5-year plan, the mobile network Alfa, managed by Egypt’s Orascom Telecom, has signed contracts with Ericsson and Nokia to set up the 4.5G ... read more
Disclaimer The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here