Lebanon witnessed the birth of startup companies by the time the Central Bank issued Circular 331 on August 22nd 2013. The Circular had as the main purpose the improvement of the Lebanese eco-system along ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $96.82B in the second month of 2021, thereby recording an annual increase of 5%. The rise is ... read more
Lebanese banks today are surrounded by an increasingly volatile environment, fierce challenges and growing problems that are taxing their capabilities during the continuous financial crisis. In turn, total ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.67% compared to last year, to reach $157.60B by end of May 2021. The increase was mainly due to the 8.23% ... read more
BDL published today its basic circular 158 that provides binding instructions to banks to pay back gradually their customers’ foreign currency deposits. The circular applies to all accounts opened before ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,393.1M by April 2021, compared to a deficit of $1,302.8M over the same period last year. Accordingly, Net foreign ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to 24% by February 2021, down from last year’s registered 38% during the same ... read more
For the year 2020, Lebanon’s trade deficit totaled $7.75B, narrowing from the $15.50B registered by end of year 2019. In fact, total imported goods retreated by 41.2% year-on-years (YOY) to $11.31 in ... read more
The subsidy policy adopted over the past one and half years made the Central Bank’s reserves dwindling and pushed the Governor to announce the BDL’s intention to stop subsidizing basic commodities. In this ... read more
According to the latest World Bank Lebanon Economic Monitor Lebanon Sinking: To the Top 3, “the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.68B by November 2020, down from last year’s $4.91B. In detail, the substantial deficit is attributed ... 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
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 2,196,076 checks by April 2020 to 1,256,080 checks by ... read more
While Lebanese workers seeing their salaries shrink due to the huge devaluation of the national currency, the car sector in Lebanon is taking its last breath with the huge reduction of car sales, as ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.68% compared to last year, to reach $156.07B by mid-May 2021. The increase was mainly due to the 6.5% rise ... read more
According to the Ministry of Finance, transfers to EDL stood at $675.49M by September 2020, dropping by 40.4% compared to the same period last year. This was mainly due to lower payments to KPC and ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly increased annually 1% to reach $5.45B by October 2020. This increase was driven by rise of “Transfer to public institution”, ... read more
Following the political unrest and the worldwide pandemic, Beirut Airport activity retracted by 36.93% year-on-year (YOY) in April 2021 as tourism activity almost ceased along with the economy. ... read more
While the economic crisis continues to cast it shadow over the Lebanese environment, Lebanese citizens and specifically depositors are still trying to figure a way to protect the value of their savings and ... read more
The figures released by the Port of Beirut (PoB) revealed an annual increase of 28.65% in the Port’s revenues which settled at $10.84M by March 2021, compared to last year’s $8.42M. In details, Total ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.80B by October 2020, down from last year’s $4.02B. In detail, the substantial deficit is attributed ... read more
Lebanon struggles today amid galloping high inflation, characterized by an uncontrolled rise in prices. Undoubtedly, the main cause of this hyperinflation can be attributed to the increased supply of cash ... read more
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