To a large extent, the financial crisis in Lebanon has revealed the “real” value of the Lebanese lira against the dollar. In retrospect, the 1,500 LBP/USD rate has proven to be an unrealistic peg as this ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.18% compared to last year, to reach $162.928B by November 2021.The increase was mainly due to the 29.38% ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,736M by October 2021, compared to a deficit of $9,988.4M over the same period last year. Accordingly, Net foreign ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.86%, year-to-date (y-t-d), and stood at $178.9B in October 2021, according to Lebanon’s consolidated ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 42% by July 2021, up from last year’s registered 16% during the same period. ... read more
Fitch report foresees Lebanon’s Real household spending to expand and both consumer and retail sectors to recover. The household spending has experienced a drawback since 2017, following the longstanding ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) remarkable increase of 66.18% to reach 11,827 permits by September ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 5.5% to reach $2.54B at the official rate 1507.5. The decrease in public salaries was driven by the large drop of ... 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
The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “A dramatic drop of 36.25% in new cars registered in Lebanon during the first 10 months of 2021 in ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.52% compared to last year, to reach $163.45B by mid of November 2021.The increase was mainly due to the ... read more
Bank Audi published on 19/11/2021 its non-audited financial results for Q3 2021. In its statement, Bank Audi said that “persisting excessive uncertainties arising from a lasting financial crisis since ... read more
The activity at Rafic Hariri International Airport improved in the first 10 months of the year owing to a rough summer season and holidays, where Lebanese diaspora and shy tourism presence were noticed ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $98.19B in July 2021, thereby recording an annual increase of 4.7%. The rise is mainly attributed ... read more
In reference with the havoc damages resulting from the Beirut Port Explosion, the Lebanon Financing Facility (LFF), which is a multi-donor trust fund formed by the World Bank in December 2020, will be ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 29.59% in the revenues of the Port of Beirut (PoB) to $7.578M by September 2021, compared to last year’s $10.76M. ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) decreased by 85.85% from last year to stood at $288.16M by May 2021. Interesting to note that the fiscal deficit ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 37% by June 2021, up from last year’s registered 17% during the same period. ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.45%, year-to-date (y-t-d), and stood at $179.7B in September 2021, according to Lebanon’s consolidated ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 7.2% to reach $2.04B at the official rate 1507.5. The decrease in public salaries was driven by the large drop of “end ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1581.6M by September 2021, compared to a deficit of $9,608.4M over the same period last year. Accordingly, Net foreign ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.22% compared to last year, to reach $161.76B by October 2021.The increase was mainly due to the 29.94% ... read more
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