In 2020, the world faced a substantial disruption due to the onset of the COVID-19 pandemic, resulting in an unprecedented 70% decline in global energy consumption during the initial months of the crisis. ... 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 ... 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 decrease of 43.02% to reach 7,067 permits by August 2023. ... read more
The Lebanese crisis has actually ‘scored a trifecta’ of crises, in that it combined an exchange rate crisis with debt and banking crises. The exchange rate crisis has been very severe, as the country saw ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 38.20% compared to last year, to reach $104.69B by mid of September 2023. The fall was mainly due to the ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions recorded a sharp fall of 91.42% yearly to stand at 3,425 transactions by ... 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 1,225,373 checks by August 2022 to 327,135 ... read more
The activity at Rafic Hariri International Airport recorded a significant improvement by August 2023 compared to the same period last year. In fact, the number of Beirut’s International airport passengers ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 31.57% to stand at $117.18B by July 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 per ... read more
An International Monetary Fund (IMF) team, led by Mr. Ernesto Ramirez Rigo, visited Beirut from September 11 to 14, to discuss recent economic developments and progress on key reforms. At the end of the ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $925.9M by July 2023, far beyond the deficit over the same period last year of $2.78B. Accordingly, Net foreign Assets (NFAs) of BDL ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 38.51% compared to last year, to reach $104.09B by end of August 2023. The fall was mainly due to the 90.35% ... read more
BDL issued on 11 September 2023, through its Acting Governor Dr Wassim Mansouri, Intermediate Circular 677 by which it suspended the application of some articles in Intermediate Circulars 675 and 676. More ... read more
After approximately 18 months of fluctuations in Lebanon’s monetary landscape, Lebanese authorities opted for the Bloomberg platform as an alternative monetary platform to replace ... read more
BLOM Bank published on 8 September 2023 its consolidated but un-audited financial results for Q2 2023. The results obtained were naturally affected by the impact of the financial and economic crisis that ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 41.8% percentage points (pp) by June 2023, down from last year’s percentage of ... read more
Bank Audi published its non-audited financial results for Q2 2023 on 5/9/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of the ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.46% compared to last year, to reach $103.58B by mid of August 2023. The fall was mainly due to the 90.56% ... read more
According to the customs Administration, Lebanon’s trade deficit totaled $8.32B down from $10.36B during the same period last year. Total imported goods dropped by 16.27% year-on-year (YOY) to $10.69B ... read more
Last week, a report by the Issam Fares Institute (IFI) at AUB, “THE FORENSIC REPORT OF THE BANQUE DU LIBAN: A SHORT ANALYSIS”, prepared by the Associate Fellow Dr Sami Geadah, was published. The report ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 16.81% to stand at 391,894 twenty-foot equivalent unit (TEU) for the month of June 2023, with transshipment activity (TS) ... read more
The activity at Rafic Hariri International Airport improved in the seventh month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 20.67% ... read more
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