Month of December marked a high manufacturing Purchasing Managers’ Index (PMI) for the US which increased from 56.7 in November to 57.1 in December, the best reading since September 2014. The last month of ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $10.2B by November 2020, compared to a deficit of $5.85B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 12.21%, year-to-date (y-t-d), to stand at $190.3B in November 2020. This decrease will likely continue for the ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 2.26% to reach $4.34B by August 2020. This decline was driven by the 55.13% fall in “End of service indemnities”. ... read more
Three months after the Port of Beirut massive explosion, Beirut is still suffering from the lack of sufficient governmental organizations and logistical assistance. According to UNHCR’s Cash for Shelter ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 10.48% since year-start, to reach $148.64B by end of December 2020. The increase was mainly due to the 25% ... read more
According to the Ministry of Finance, transfers to EDL stood at $535.16M by July 2020, dropping by 36.2% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more
The Board of Directors of BLOM Bank SAL invites its shareholders to attend the Extraordinary General Assembly meeting to be held on Monday January 25, 2021 at 12 pm at the Bank’s Headquarters in Beirut, ... read more
The Lebanese financial crisis had some positive effects on the real estate sector. After 17 October 2019, Lebanese Banks were not able to meet clients’ withdrawals demands in foreign currency. While an ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
By September 2020, Lebanon’s trade deficit totaled $5.25B, narrowing from the $12.49B registered in the same period last year. In fact, total imported goods retreated by 48.52% year-on-year (YOY) to $7.88B ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $95.04B in October 2020, thereby recording an annual increase of 9.1%. The increase is mainly ... read more
This is a critical summary of the IIF report (Lebanon: Frequently Asked Questions, December 2020). It assesses how Lebanon’s economy can recover by applying reforms requested by the IMF, while taking into ... read more
In light of the Corona virus outbreak and the worsened economic situation, the overall climate in Lebanon further deteriorated and the security situation worsened, which led most future investments and ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 11.94% since year-start, to reach $158.23B in mid-December 2020. The increase was mainly due to the 22.18% ... read more
The number of Beirut’s International airport passengers continued to fall down in the first 11 months of 2020 as it recorded 2.26 million (M) compared to 8.14M passengers during the same period last year. ... read more
The performance of real estate sector is affected by the current financial crisis. Investors believe that the real estate sector in Lebanon is considered the safest investment right now as depositors are ... read more
BDL published on 9 December 2020 Circular 156 informing banks to pay the 2019 stipulated interest on preferred shares issued by the banks to buyers who were not aware of the nature of the marketed ... read more
The Association of Car Importers in Lebanon (AIA) recently shared its automotive report in which it explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that importers ... read more
This is a critical summary of the Oxfam report (The IMF and Lebanon: The Long Road Ahead, 2020) .It assess how Lebanon’s economy may be stabilized while battling a triple crisis and how it can recover from ... read more
Ernst & Young Middle East hotel benchmark survey informs that in September 2020, hospitality markets in the MENA region witnessed a drop when compared to the same period last year as a result of ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 11.85%, year-to-date (y-t-d), to stand at $191B in October 2020.The decrease started and will likely continue ... read more
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