A lot of rumors have been circulating lately regarding the economic situation in Lebanon. Every citizen, whether an economic expert or not, is worried about the liquidity in the system and is trying to ... read more
September 2019 witnessed the fastest deterioration in the private sector’s business conditions in Lebanon. Economic growth in Lebanon was capped between 0% and 0.5% by Sept.2019, as indicated by the PMI ... read more
Lebanon’s balance of payments (BOP) registered a surplus of $921.5M in August 2019, owing it to a foreign placement of $1.4B in BDL Certificates of Deposits (CDs). In fact, BDL’s NFAs witnessed an uptick ... read more
The current economic slowdown continues to weigh down on the construction sector, as the country awaits developments on the political front, especially on the possibility of unlocking the promised CEDRE ... read more
Beirut’s International Airport welcomed 5.04 million (M) passengers in the first 7 months of 2019 compared to 4.84M passengers during the same period last year. The breakdown of the airport’s statistics ... read more
According to Kafalat, the number of loan guarantees dropped from 277 guarantees by August 2018 to 47 loans by August 2019. In turn, the total value of issued loan guarantees fell to $5.2M, down from $35.9M ... read more
According to the Association of Banks (ABL), the total value of cleared checks fell by a yearly 15.2% to settle at $37.4B in the first eight months of 2019. Correspondingly, the total number of checks ... read more
The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.7% to touch $86B by July 2019. In details, domestic debt (denominated in LBP) increased by a ... read more
The BLOM Lebanon PMI stood at 47.8 in August 2019, little-changed from July’s 47.7 score, indicating an annualized growth rate of the economy by 0-0.5%. The score reflects the ongoing operating ... read more
According to the central bank’s (BDL) balance sheet, Total assets dropped by 4.5% since year-start, to end the month of August 2019 at $134.2B. In fact, in July 2019 and in an attempt to improve investors’ ... read more
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