The global economy defied expectations in 2023, showing more resilience than anticipated. Despite facing hurdles like high inflation, rising interest rates, and geopolitical tensions, a recession was ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 15.74% to stand at 827,689 twenty-foot equivalent unit (TEU) for the month of December 2023, with transshipment activity (TS) ... read more
The activity at Rafic Hariri International Airport has decreased in February 2024 for the second month in a row after a rise in December 2023, following the Gaza war. Despite the escalating security issues ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 8.39% compared to last year, to reach $93.34B by end of February 2024, amid adopting the 89,500 LBP/USD ... read more
A recent report, Arab States Employment and Social Outlook – Trends 2024, prepared by the Regional Economic and Social Analysis (RESA) Unit of the International Labor Organization (ILO), Regional Office ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) displayed continuing rise in inflation rates since the end of 2019. When observing 2022 & 2023 rates, we ... read more
The Council of Ministers (COM) approved on 28/2/2024 a new package of public wages, retroactive to 1/12/2023. The new package increases wages on a monthly basis by three times the basic salary to ALL ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 15.74% to stand at 757,336 twenty-foot equivalent unit (TEU) for the month of November 2023, with transshipment activity (TS) ... read more
According to the data revealed by “Rasamny Younis Motor Co sal”, Lebanese car market deteriorated by 11.75% YOY by January 2024. On a monthly basis, 571 cars were sold in the month of January 2024. The ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) significant decrease of 35.39% to reach 807 permits by January 2024. ... read more
The activity at Rafic Hariri International Airport has significantly increased in December 2023 after a decline in November 2023 following Gaza war. Despite the security issues since the beginning of ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 8.39% compared to last year, to reach $93B by mid of February 2024, amid adopting the 89,500 LBP/USD ... read more
According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system decreased from 68,843 checks by January 2023 to 23,225 ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 41.4% percentage points (pp) by December 2023, down from last year’s ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $2.24B by December 2023, far beyond the deficit over the same period last year of $3.2B. Accordingly, Net foreign Assets (NFAs) of ... read more
Trillion LBP 31/7/2023 31/1/2024 Assets Foreign Assets 206.82 218.72 Liabilities Currency 61.96 57.08 Public Deposits 115.65 205.39 Source: BDL After learning its lessons the hard way, BDL resorted to ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 31.83% to stand at $115.25B by December 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 ... read more
Global remittances to low- and middle-income nations (LMICs) reached $669 billion, growing annually by 3.8% but falling short of previous years’ gains. This is in the main due to resilient labour ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 43.38% compared to last year, to reach $108.16B by end of January 2024, amid adopting the 15,000 LBP/USD ... read more
On February 2nd, 2024, BDL issued Circular 167 requiring banks and all financial institutions, when preparing their financials, to abide by the international accounting standard IAS21. As important, in ... read more
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