By Invitation: Dr Azar is with the Faculty of Business Administration and Economics, Haigazian University. The views expressed in this note are strictly his and do not necessarily reflect the views of ... 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) remarkable increase of 97.70% to reach 8,650 permits by July 2021. ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “A dramatic drop of 37.20% in new cars registered in Lebanon during the first 9 months of 2021 in ... read more
Lebanon’s Long-term political deficiencies precipitated one of the most economic collapses in the modern history. As stated by the World Bank in its latest Spring 2021-Lebanon Economic Monitor, ... read more
According to the Ministry of Finance, transfers to EDL stood at $72.78M by February 2021, dropping by 62.7% compared to the same period last year. This was mainly a result of lower payments to KPC and ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 11% to reach $1.50BM on the official rate 1507.5 and $140.80M on the parallel rate (16,150 LBP/USD) on March 2021. The ... read more
Frustrated by the ongoing political turmoil in the wake of the worldwide pandemic, Lebanese people are undergoing the worst socio-economic crises in modern history. According to the latest report by United ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.13%, year-to-date (y-t-d), and stood at $180.28B in August 2021, according to Lebanon’s consolidated ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2,366.2M by August 2021, compared to a deficit of $7,500.7M over the same period last year. Accordingly, Net foreign ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.93% compared to last year, to reach $159.34B by end of September 2021.The increase was mainly due to the ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $98.17B in May 2021, thereby recording an annual increase of 5.4%. The rise is mainly attributed ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $824.56M by March 2021, up from last year’s $1,655,03M. In detail, the government revenues (including ... 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) remarkable increase of 131.95% to reach 6,896 permits by June 2021. ... read more
The latest statistics on activity at the Port of Beirut show an annual slump of 39.65% in the revenues of the Port of Beirut (PoB) to $6.52M by July 2021, compared to last year’s $10.80M. Lately, worldwide ... read more
As per the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 3,979,043 checks by August 2020 to 2,350,757 checks ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went up by a yearly 26.67% to ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
According to the Ministry of Finance, transfers to EDL stood at $28.72M by January 2021, dropping by 84.9% compared to the same period last year. This was mainly a result of lower payments to KPC and ... read more
In a report on Lebanon released on 16 September 2021, the IIF noted that a “new cabinet was formed, after a 13-month political vacuum, with key ministries shared between sectarian political parties. ... read more
In an issuer comment published on 14 September 2021, Moody’s commented on the formation of a new government of Lebanon (C no outlook) led by Najib Mikati, by saying that “the formation of a functioning ... read more
Bank Audi published on 17/9/2021 its non-audited financial results for H1 2021. In its statement, Bank Audi said that “persisting excessive uncertainties arising from a lasting financial crisis since 2019, ... read more
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