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
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
Airport activity has been returned after a long stagnation in the industry mainly due to outbreak of the pandemic. In fact, increasing air transport demand in Lebanon was not only coming from family ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “As a result of the dramatic Beirut Port Explosion on 4/8/2020 and due to the Covid-19 ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 5.3% to reach $548.59M on the official rate 1507.5 and $50.12M on the parallel rate (16,500 LBP/USD) on January 2021. ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $648.07M by February 2021, up from last year’s $1,157.28M. In detail, the substantial deficit is ... read more
Lebanon is suffering from a severe financial crisis since 2019. The political deadlock has blocked any serious reforms while the economy is in depression; inflation reached unprecedented levels; and the ... 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 189.84% to reach 5,249 permits by May 2021. ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 3.93%, year-to-date (y-t-d), and stood at $180.64B in July 2021, according to Lebanon’s consolidated ... read more
In a report on the poverty’s situation in Lebanon, ESCWA identified a new concept which is known as Multidimensional Poverty Index (MPI). A household is classified poor, regardless of its financial ... read more
Special Drawing Rights (SDR) are created and owned by the International Monetary Fund (IMF), a way to maintain central bank reserves for all 190 country members. As such, members have the right to buy and ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,773.4M by July 2021, compared to a deficit of $5,532.6M over the same period last year. Accordingly, Net foreign ... read more
The Lebanese lira in Lebanon was stable for decades. The famous rate 1507.5 LBP/USD has come to an end after the massive financial crisis that started in October 2019. To be specific the black market rate ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.43% compared to last year, to reach $159.75B by end of August 2021. The increase was mainly due to the ... read more
As Lebanon’s financial crisis deepened, the Lebanese became increasingly dependent on the financial support from family members abroad. In turn, the country became one of the top remittance recipient ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 33% by May 2021, up from last year’s registered 19% during the same period. On ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “As a result of the dramatic Beirut Port Explosion on 4/8/2020 and due to the Covid-19 lockdown, ... read more
As per the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 3,576,291 checks by July 2020 to 2,158,475 checks by ... 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 44.30% to ... read more
As of March 2021, Lebanon’s trade deficit totaled $2.63B, going from the $2.02B registered in the same period last year. In fact, total imported goods retreated only by 18.9% year-on-year (YOY) to $3.33B; ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 2.75% compared to last year, to reach $158.4B by mid-August 2021. The increase was mainly due to the 40.05% ... read more
On August 18, 2021, Fitch Ratings has affirmed Lebanon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at “Restricted Default” (RD) and Long-Term Local-Currency IDR at “CC”. The main key rating ... read more
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