There are three interrelated things that stand out about the Lebanese crisis that has entered its 32nd month by June 2022: the disintegration of the banking sector, the collapse of the exchange rate ... read more
We will summarize in this economic digest the report that was written by Bank of America Securities “Lebanon between change and the status quo” (8 June 2022) regarding the economic crisis in ... 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
The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
The Association of Car Importers in Lebanon (denoted as AIA) stated in its recent automotive report that “The continuous Downfall of New Cars Registered in Lebanon since 2018 to reach in May 2022 a ... read more
Real Estate sector in Lebanon, long perceived as an eye-catching investment for expats and some tourists, was in addition seen as the safest hedging investment since October revolution. Henceforth, in the ... read more
16.91% to stand at $14.07B by May 2022 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 1,550K ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.80% compared to last year, to reach $166.54B by mid of June 2022. The increase was mainly due to the 26.02% ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first 5 months of the year 2022. Consequently, the number of Beirut’s International airport passengers went up by 89.04%, as it ... read more
The first quarter of 2022 brought about positive developments on the national fronts. The tourism sector was more robust marked by outstanding improvements amid the resumption of normal activity and the ... read more
The BSE has recorded high volumes of transactions during the financial crisis that started in October 2019. The banking sector was hit badly during this crisis leaving the capital market a fragile ... 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 43% to stand ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal balance (cash basis) increased by 133.56% from last year to register a surplus of $940.50M by October 2021 for the 7h month in a row ... read more
Lebanon has had a limited economic base over decades with little occasional growth, given the difficult conditions under which the country operated since the mid 1970’s. The post-period of the Lebanese ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
Bank Audi published today its audited financial results for 2021 and its non-audited financial results for Q1 2022. In its statement, Bank Audi said that “(1) Persisting excessive uncertainties arising ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1.70B by April 2022, compared to a deficit of $1.39B over the same period last year. Accordingly, Net foreign Assets ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 8.01% compared to last year, to reach $170.23B by end of May 2022. The increase was mainly due to the 34.25% ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 6.72% to stand at $172.1B by April 2022. On the liabilities side, resident customers’ deposits were ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 44.8% percentage points (pp) in March 2022, up from last year’s percentage of ... read more
In a report published on May 30, 2022 by the World Bank, it maintained that “the World Bank Group’s Board of Executive Directors approved on May 20 the Performance and Learning Review (PLR) of the ... read more
During the past three years, the situation in Lebanon went from bad to unbearable; the country had plunged into total chaos, drawing an uncertain future for the Lebanese. Consequently, the population ... read more
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