The private sector in Lebanon revealed further signs of contraction during the month of November due to complete inaction, and lack of effective policy actions from our Country’s Leaders. The private ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 15.13% compared to last year, to reach $187.58B by end of November 2022. The increase was mainly due to the ... read more
The activity at Rafic Hariri International Airport improved remarkably in 2022. The number of Beirut’s International airport passengers added 52.01% YOY and recorded 5,354,376 passengers by September 2022 ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.85B by October 2022, compared to a deficit of $1.73B over the same period last year. Accordingly, Net foreign Assets ... read more
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 2,745,805 checks in October 2021 to 1,399,559 ... read more
The Central Bank of Lebanon announced entering the process of unifying the multiple exchange rates in Lebanon. After more than two decades of pegging the Lebanese exchange rate to 1,507 for the dollars, ... read more
The IMF has published recently its Middle East and Central Asia Regional Economic Outlook for October 2022. In expounding its findings, Mr Jihad Azour, Director, Middle East and Central Asia Department, ... read more
The tourism sector in Lebanon looks very different two years after being severely affected by shutdowns, travel restrictions and the social unrest erupted since end of 2019. In fact, tourism activity grew ... 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 down by a yearly 18.61% to ... read more
The World Bank’s The Lebanon Economic Monitor (LEM) Fall 2022 “Time for an Equitable Banking Resolution” was released on November 23, 2022, and it argues that “more than three years into the worst ... 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 money supply M3 was traditionally used by economists to estimate the entire money supply within an economy and by central banks to direct monetary policy in order to control inflation, consumption, ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.64B in July 2022, thereby recording an annual increase of 3.5% YOY. The rise is mainly ... read more
Bank Audi published today its non-audited financial results for Q3 2022. In its statement, Bank Audi said that “(1) Persisting excessive uncertainties arising from a lasting financial crisis since 2019, ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 14.23% compared to last year, to reach $186.72B by mid-November 2022. The increase was mainly due to the ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 51.7% percentage points (pp) by August 2022, up from last year’s percentage of ... read more
Three years into the trifecta of economic, social and political crises, the situation in Lebanon has become more and more difficult. Consequently, the aforementioned crises have triggered one of the ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 7.0% to stand at $167.01B by September 2022. On the assets side, currency and deposits with Central ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 16.4% compared to last year, to reach $188.29B by end of October 2022. The increase was mainly due to the ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.05B by September 2022, compared to a deficit of $1.58B over the same period last year. Accordingly, Net foreign Assets ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 17.69% 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
BDL issued Intermediate Circular 13495 on I/11/2022 in which it stated two articles. Article 1 reduces by 50% the interest rate it pays Banks on their long-term USD deposits at BDL; however, BDL will ... read more
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