In May 2023, Lebanon’s economy faced ongoing challenges amidst a volatile environment. Blom Lebanon PMI, which serves as an economic indicator, saw a slight decrease from 49.5 in April to 49.4 in ... read more
According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market deteriorated remarkably by 51.7% by April 2023. In fact, on a monthly basis, 822 cars were sold in the month of April 2023 ... read more
Bank Audi published its non-audited financial results for Q1 2023 on 1/6/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of 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 732,712 checks by April 2022 to 190,418 checks ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 11.31% to stand at 180,414 twenty-foot equivalent unit (TEU) for the month of March 2023, with transshipment activity (TS) ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 36.9% percentage points (pp) by March 2023, down from last year’s percentage ... read more
The World Bank Group’s Board of Executive Directors approved on May 25, 2023, $300 million additional financing to the Emergency Crisis and COVID-19 Response Social Safety Net Project (ESSN). The ... read more
In this economic digest, we will provide estimates of Lebanese banks’ foreign assets and liabilities and financial gap and a discussion of their implications. Foreign Assets USD Billion Deposits + CDs at ... 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 38.32% compared to last year, to reach $103.26B by mid-May 2023, amid adopting the 15,000 LBP/USD official ... read more
The World Bank published on May 16, 2023, The Lebanon Economic Monitor (LEM) Spring 2023, “Normalization of Crisis is No Road for Stabilization”, which provides an update of recent economic developments ... read more
The activity at Rafic Hariri International Airport improved in the fourth month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 26.88% ... read more
The Institute of International Finance (IIF) published its quarterly report on Lebanon on May 12, 2023 which, besides its analytical discussion of the crisis situation in Lebanon, included arguments from ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 33.32% to stand at $115.15B by March 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.17B by March 2023, far exceeding the deficit over the same period last year of $1.47B. Accordingly, Net foreign Assets (NFAs) of ... read more
The Central Bank of Lebanon’s (Banque du Liban BDL) definition and calculation of the balance of payments (BOP) as the change in net foreign assets of the financial system departs from the standard ... read more
BLOM Bank published today on 9/5/2023 its consolidated but un-audited financial results for Q1 2023. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 38.72% compared to last year, to reach $102.11B by end of April 2023, amid adopting the 15,000 LBP/USD ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 36.2% percentage points (pp) by February 2023, down from last year’s ... read more
The activity at Rafic Hariri International Airport improved in the third month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 23.49% on ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 33.8% to stand at $115B by February 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 per ... read more
BDL issued a new Circular No 165 on 19/04/2023 in relation to the electronic settlement operations related to “banknotes” or “cash money”. The Central Bank of Lebanon took the initiative to declare ... read more
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