The contraction in the private sector’s economy seemed to have pulled the brakes during this summer. Economic indicators already point out to sustained signs of enhancement in private sector operating ... 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 monthly ... 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 slumped from 2,350,757 checks from August 2021 to 1,225,373 ... read more
The 2022 budget prepared by MOF envisaged total expenditures of 47.32 T LBP and total revenues of 39.11 T LBP with a deficit of 8.21 T LBP. The budget was viewed as an emergency budget that would set the ... 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 down by a yearly 16.05% to ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first eight months of 2022. The number of Beirut’s International airport passengers added 58.23% and recorded 4,184,221 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 6.5% compared to last year, to reach $169.4B by mid-September 2022. The increase was mainly due to the 26.02% ... read more
An International Monetary Fund (IMF) mission led by Mr. Ernesto Ramirez Rigo visited Beirut, Lebanon from September 19 to 21, to discuss the recent economic developments and progress in implementation of ... read more
Since the Lebanese Uprising of October 2019, the banking sector ceased lending, rejected deposits and barred depositors from accessing their saving accounts. Instead, banks imposed strict USD withdrawal ... 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 monthly ... read more
In an editorial in Annhar Newspaper published on 9/9/2022 titled “Economists and Their Mistakes”, the article reprimands Lebanese economists – a bit belligerently — for citing Gross National Income ... 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 down by a yearly 15.27% to ... read more
Bank Audi published on 9/9/2022 its non-audited financial results for H1 2022. In its statement, Bank Audi said that “(1) Persisting excessive uncertainties arising from a lasting financial crisis since ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.08B in April 2022, thereby recording an annual increase of 3.4% YOY. The rise is mainly ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2. 78B by July 2022, compared to a deficit of $1.77B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 5.2% to stand at $171.25B by July 2022. On the assets side, currency and deposits with Central Bank ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 45.5% percentage points (pp) by June 2022, up from last year’s percentage of ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.96% compared to last year, to reach $169.28B by end of August 2022. The increase was mainly due to the ... 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 slumped from 2,158,475 checks from July 2021 to 1,123,318 ... read more
Fitch Ratings affirmed on 12 Aug 2022 Lebanon’s Long-Term ForeignCurrency Issuer Default Rating (IDR) at ‘Restricted Default’ (RD) and Long-Term Local-Currency IDR at ‘CC. Key ... read more
According to the Ministry of Finance, transfers to Electricite du Liban (EDL) stood at $462.9M by September 2021, dropping by 31.5% compared to the same period last year. This was mainly a result of lower ... 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 1.65% to ... read more
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