At 12:00 Beirut time, the Euro was quoted at €/$ 1.1388, the equivalent of €/LBP 1,716.74, appreciating by 0.18% against the US Dollar. The euro went up against the dollar today given the perception that ... read more
Byblos Bank announced on the 10th of May, 2016 that it has completed the acquisition of 99.18% of the shares in Banque Pharaon & Chiha. The latter was valued at $91M. Raymond and Teddy Rahmeh (known as ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $644.2M in the first quarter of 2016, compared to a higher deficit of $850.2M in the same period last year. In spite of the relative improvement, ... read more
The Beirut Stock Exchange (BSE) showed a positive performance during the second session of this week, as the BLOM Stock Index (BSI) added 0.03% to 1,155.28 points following the trade of 154,218 shares ... read more
During Monday’s trading session on the London Stock Exchange (LSE), three out of the four listed Lebanese GDRs were traded. In details, BLOM’s GDR shares kept their previous closing price of $10.30 after ... read more
Demand for Lebanese Eurobonds improved on Friday as reflected by the BLOM Bond Index (BBI), which inched up by 0.12% to register 104.01 points. The yield on the Lebanese Eurobonds maturing in 10 years ... read more
At 12:00 Beirut time, the Euro was quoted at €/$ 1.1391, the equivalent of €/LBP 1,717.19, appreciating by 0.05% against the US Dollar. The euro gained momentum against the dollar today as Germany’s ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.90% progress in assets from December 2015’s level of $185.99B to $187.66B in the first quarter of 2016, reflecting a 6.05% ... read more
Weak oil prices and political climate continued to dictate economic performance in the MENA region during the first quarter of 2016. Despite the slight year-to-date uptick in oil prices, oil exporting ... read more
The Beirut Stock Exchange (BSE) showed a positive performance in the first session of the week, as the BLOM Stock Index (BSI) added 0.27% to 1,154.92 points following the trade of 61,384 shares worth ... read more
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