A Glance on the Lebanese Economy: H1 2019

Abstract The study explores the macroeconomic indications of the Lebanese economy and therefore comes to update the findings of the similar report published in Sept. 2018 and to interpret the impact of ... read more

Lebanon’s Gross Public Debt Grew by 5% YOY to reach $85.8B by April 2019

The Ministry of Finance (MoF) recently released updated figures of Lebanon’s debt, which revealed an annual uptick in gross public debt during the first four months of the year. Lebanon’s gross ... read more

Value of Cleared Checks Shrank by 16.3% y-o-y in H1 2019 to $27.5B

The latest figures released by the Association of Banks (ABL) revealed that the total value of cleared checks lost a yearly 16.3% to stand at $27.5B in the first six months of the year. By the same token, ... read more

Number of Total Registered New Cars Slumped by 24% y-o-y in H1 2019

According to the Association of Lebanese Car Importers (AIA), the number of new registered “commercial” and “passenger” cars lost an annual 24% to stand at 13,889 cars by June 2019. In fact, the number of ... read more

RAMCO: Average size of new apartments in Beirut down by 5% in 2018

According to the Real Estate Advisory Agency RAMCO, the average size of an apartment under construction in Beirut stood at 173 SQM in 2018, 5% lower than 2017’s average. Moreover, between 2013 and 2018, ... read more

Lebanon’s Fiscal Deficit Down to $72.83M by January 2019

Lebanon’s fiscal deficit (cash basis) narrowed from $378.91M in January 2018 to $72.83M in January 2019. This was attributed to a 16.09% yearly decrease in government expenditures to hit $1.10B, while the ... read more

Public Personnel Costs Up by 22.27% y-o-y to $5.37B by October 2018

According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 22.27% to reach $5.37B by October 2018. In fact, the eminent growth in personnel costs was driven by the parliament’s ... read more

The Number of Real Estate Transactions Down by 20.08% y-o-y to 21,957 in H1 2019

According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 20.08% to ... read more

Beirut’s Hotel Occupancy Rate at 67.8% by May 2019

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Lebanon’s 4- and 5-star hotels reached a 4-year high of 67.8% by May 2019, compared to 58.6% during the same period ... read more

Lebanese Commercial Banks’ Total Assets Added 1.66% y-t-d to $253.65B by May 2019

According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 1.66% year-to-date (y-t-d) and by 9.19% year-on-year (y-o-y), to stand at $253.63B by May 2019. In details, ... read more

Lebanon’s Balance of Payments recorded a $5.19B Deficit by May 2019

According to the Central Bank, Lebanon’s Balance of Payments (BoP) registered a deficit of $5.19B by May 2019, up from the $430M surplus by May 2018. In details, BDL’s Net Foreign Assets (NFAs) fell by $3B ... read more

IMF Staff Concluding Statement of the 2019 Article IV Mission

In its staff concluding statement of the 2019 Article IV mission, the International Monetary Fund (IMF) presented the current Lebanese economic outlook and discussed the different fiscal and structural ... read more

BDL’s Total Assets Dropped by 8.64% y-t-d to $128.45B by June 2019

According to the central bank’s (BDL) balance sheet, total assets dropped by 8.64% year-to-date (YTD), to reach $128.45B in June 2019. In fact, the changes in the most accounts can be related to the ... read more

Transfers to EDL Rose yearly by 32.26% to stand at $1.76B by December 2018

According to the Ministry of Finance, transfers to EDL witnessed a significant yearly increase of 32.26% to reach $ 1.76B by December 2018. In details “Payments to fuel and oil gas suppliers KPC and SPC” ... read more

Number of Construction Permits down by 19.19% to 4,927 by May 2019

According to the Orders of Engineers in Beirut and Tripoli, the total number of construction permits fell by a yearly 19.19% to reach 4,927 by May 2019. Accordingly, the Construction Area Authorized by ... read more

Moody’s Affirmed Caa1 Stable Rating for Lebanese Government Bonds

In June 2019, Moody’s affirmed Lebanon’s government bond rating at “Caa1 Stable”. The “stable “outlook reflects a possibility that a government default is avoided if the latter implements significant ... read more

Value of Kafalat Guarantees Down to $4.42M by May 2019

According to Kafalat, the number of loan guarantees dropped from 179 guarantees by May 2018 to 37 loans by May 2019. The overall value of the guarantees also plunged from $23.12M in the same period of 2018 ... read more

Tourist Arrivals at an 8-year High of 692,704 by May 2019

The latest figures released by Lebanon’s Ministry of Tourism revealed a remarkable growth in the tourism sector in the first five months of 2019, foreshadowing a promising summer season which is usually ... read more

Lebanon’s Fiscal Deficit Up by 66.29% to $6.25B by the End of 2018

Lebanon’s fiscal deficit expanded from $3.75B by December 2017 to $6.25B (10.87% of GDP) by December 2018 the highest since 2010 according to the records of the Ministry of Finance. This was attributed to ... read more

Average Inflation Rate at 3.58% y-o-y by May 2019

Lebanon’s average consumer prices rose by 3.58% year-on-year (y-o-y) by May 2019 compared to an annual uptick of 5.68% recorded in the same period of 2018, as per the Central Administration of Statistics ... read more

Holcim Dividends Distribution: July 2019

In accordance with the general assembly meeting held on June 19, 2019, Holcim announced it will begin distributing dividends to its shareholders on July 16, 2019 at the price of 351 L.L per share, knowing ... read more

Holcim Posted a 36.8% y-o-y Decrease in Profits for 2018

The consolidated financial statements for Holcim (LIBAN) S.A.L for the year ended December 31, 2018 reported a 36.8% year-on-year (y-o-y) decrease in profits to $27.4M, mainly attributed to the slowdown in ... read more

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The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.

Lebanon’s Fiscal Dynamics Exacerbated in 2018

Lebanon’s Fiscal Dynamics Exacerbated in 2018

The State of Digital Investments in MENA 2013-2018: Focus on Lebanon

The State of Digital Investments in MENA 2013-2018: Focus on Lebanon

Alpha Banks: Performance Metrics for Q1 2019

Alpha Banks: Performance Metrics for Q1 2019

Lebanese Insurance Sector Performance in 2018

Lebanese Insurance Sector Performance in 2018

The Tourism Sector in Lebanon: 2018 in Review

The Tourism Sector in Lebanon: 2018 in Review

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”

The Current State of “Wine”

A Glance on the Lebanese Economy: H1 2019

Lebanon’s Gross Public Debt Grew by 5% YOY to reach $85.8B by April 2019

Value of Cleared Checks Shrank by 16.3% y-o-y in H1 2019 to $27.5B

Number of Total Registered New Cars Slumped by 24% y-o-y in H1 2019

RAMCO: Average size of new apartments in Beirut down by 5% in 2018

Lebanon’s Fiscal Deficit Down to $72.83M by January 2019

Public Personnel Costs Up by 22.27% y-o-y to $5.37B by October 2018

The Number of Real Estate Transactions Down by 20.08% y-o-y to 21,957 in H1 2019

Beirut’s Hotel Occupancy Rate at 67.8% by May 2019

Lebanese Commercial Banks’ Total Assets Added 1.66% y-t-d to $253.65B by May 2019

Lebanon’s Balance of Payments recorded a $5.19B Deficit by May 2019

IMF Staff Concluding Statement of the 2019 Article IV Mission

BDL’s Total Assets Dropped by 8.64% y-t-d to $128.45B by June 2019

Transfers to EDL Rose yearly by 32.26% to stand at $1.76B by December 2018

Number of Construction Permits down by 19.19% to 4,927 by May 2019

Moody’s Affirmed Caa1 Stable Rating for Lebanese Government Bonds

Value of Kafalat Guarantees Down to $4.42M by May 2019

Tourist Arrivals at an 8-year High of 692,704 by May 2019

Lebanon’s Fiscal Deficit Up by 66.29% to $6.25B by the End of 2018

Average Inflation Rate at 3.58% y-o-y by May 2019

Holcim Dividends Distribution: July 2019

Holcim Posted a 36.8% y-o-y Decrease in Profits for 2018

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Lebanon’s Fiscal Dynamics Exacerbated in 2018

The State of Digital Investments in MENA 2013-2018: Focus on Lebanon

Alpha Banks: Performance Metrics for Q1 2019

Lebanese Insurance Sector Performance in 2018

The Tourism Sector in Lebanon: 2018 in Review

BLOMINVEST BANK launches BRITE, a free economic data portal for the region

The Current State of “Wine”