Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
On November 4th, Lebanon’s central bank issued a circular instructing local lenders to raise their capital (common equity tier one) by 10% before the end of the year and a further 10% by the end of June ...
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In November 2019, Moody’s downgraded the Government of Lebanon’s issuer ratings to Caa2 from Caa1 noting that the ratings remain on review for further downgrade in the next 3 months. Lebanon mainly ...
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Cement deliveries decreased by an annual 29.83% by August 2019 to stand at 2.24M tons, compared to 3.19M tons by August 2018. In addition, the six-month moving average of the number of cement deliveries ...
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According to the central bank’s (BDL) balance sheet, total assets dropped by 2.76% since year-start, to end the month of October 2019 at $136.72B. In details, BDL foreign assets account (constituting ...
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According to the Association of Banks (ABL), the total value of cleared checks decreased by 14.6% in Q3 2019, which illustrates lower business spending and the fact that people are possibly using alternate ...
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Lebanon’s trade deficit widened in the first 8 months of the year to reach $11.37B, down by 3.10% compared to the same period in 2018. In details, the total value of imports gained an annual 0.88% to stand ...
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According to the latest figures by the Ministry of Finance (MoF), Lebanon’s fiscal deficit (cash basis) narrowed from $3.07B by July 2018 to $2.41B by July 2019. This was attributed to a 7.66% yearly drop ...
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The current economic slowdown continues to weigh down on the construction sector, as the country awaits developments on the political front, especially on the possibility of unlocking the promised CEDRE ...
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The slump in the car market persists in the first 9 months of 2019, as the number of new registered “commercial” and “passenger” cars retreated yearly by 24.61% from 27,801 by September 2018, to stand at ...
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Cement deliveries decreased by an annual 30.64% by July 2019 to stand at 1.92M tons, compared to 2.78M tons by July 2018. In addition, the six-month moving average of the number of cement deliveries ...
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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 14.59% to ...
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The latest data released by the Ministry of Finance (MoF) revealed Lebanese gross public debt grew by a yearly 3.1% to touch $86.29B by August 2019. In details, domestic debt (denominated in LBP) increased ...
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According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 4.97% year-to-date (y-t-d), to stand at $261.89B by August 2019. In details, Resident customers’ deposits (which ...
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According to the central bank’s (BDL) balance sheet, total assets dropped by 3.72% since year-start, to end the month of September 2019 at $135.37B. In details, despite the $1.7B rise in BDL foreign assets ...
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Lebanon’s balance of payments (BOP) registered a surplus of $921.5M in August 2019, owing it to a foreign placement of $1.4B in BDL Certificates of Deposits (CDs). In fact, BDL’s NFAs witnessed an uptick ...
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The current economic slowdown continues to weigh down on the construction sector, as the country awaits developments on the political front, especially on the possibility of unlocking the promised CEDRE ...
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As per the minutes of the Extraordinary General Meeting held by the shareholders of Jammal Trust Bank (JTB) on Sept. 24th 2019 which entailed the request to self-liquidate the bank, and according to BDL’s ...
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According to the Ministry of Finance, transfers to EDL witnessed a significant yearly drop of 16.74% to reach $ 293.61M in Q1 2019. In details “Payments to fuel and oil gas suppliers KPC and SPC” (which ...
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According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 2.92% to reach $3.28B by June 2019 compared to the same period last year. In fact, the eminent growth in personnel costs ...
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Lebanon’s trade deficit widened in the first 7 months of the year to reach $10.24B, up by 0.98% compared to the same period in 2018. Regardless of the promising progress in exports, which grew by a yearly ...
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Lebanon’s average consumer prices rose by an annual 2.77% by august 2019 compared to an annual uptick of 6.29% recorded by August 2018 according to the Central Administration of Statistics (CAS). The rise ...
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Disclaimer
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.
