For Lebanon’s economy in general and for the banking sector in particular, 2015 represents the fifth year during which the Syrian spillovers and the political deadlock take a heavy toll. In good times and ... read more
Bank of Beirut (BoB) ended Q1 2015 with a net profit of $40.55M, representing a 10.23% rise from the same period last year. This increase was primarily driven by the 16.45% y-o-y surge in net interest ... read more
The series of terrorist attacks fastened in Q1 2015 with Egypt facing almost 331 incidents compared to 353 for the entirety of 2014. The emerging developments in Yemen and the military intervention of ... read more
Pressure on the Hashemite Kingdom of Jordan continued to ease with the decreasing number of Syrian refugees. The UNHCR had previously estimated the number to increase over 2015 from 811,070 to above the ... read more
Lebanon’s touristic sector improved in the first quarter of 2015 year-on-year (y-o-y), on the back of the low base reached last year, the skiing season that attracted Arab tourists and the enhanced ... read more
Bank Audi’s consolidated income statement showed a 17% year-on-year growth in net profits to $100M in the first quarter of 2015. Net interest margin and net fee and commission income grew by 19% and 14% to ... read more
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