Concerning the Lebanese economy and its ongoing challenges within the sovereign, banking, economic and exchange rate calamities, the widespread anti-government protests continued during month of March ... read more
Along with the financial crisis and political uncertainty, Lebanese banks are continuously restrained. Total assets of Lebanese commercial banks increased by 0.05%, year-to-date (y-t-d), and stood at ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.06% compared to last year, to reach $152.22B by end of March 2021. The increase was mainly due to the 8.65% ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to 29% by January 2021, down from last year’s registered 34% during the same ... read more
The figures released by the Port of Beirut (PoB) revealed an annual slump of 37.97% in the Port’s revenues which settled at $7.67M by January 2021, compared to last year’s $12.37M. In details, Total ... read more
While some analysts consider that the real sector in Lebanon is booming, due to increase in sales which was also reflected on Beirut Stock Exchange market by an increase of the price of share of solidere. ... read more
During the last year, the situation in Lebanon went from bad to unbearable; the country had turned into a large waiting hall for those who are willing to leave, drawing a new wave of immigration and ... read more
By November 2020, Lebanon’s trade deficit totaled $6.81B, narrowing from the $14.48B registered in the same period last year. In fact, total imported goods retreated by 45.78% year-on-years (YOY) to $10.08 ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more
Following the political unrest and the worldwide pandemic, Beirut Airport activity retracted by 65.91% year-on-year (YOY) in February 2021 as tourism activity almost ceased along with the economy. ... read more
According to BDL’s latest monetary report, the BOP stood at $410.6M for the first month of 2021, compared to a deficit of $157.9M over the same period last year. Accordingly, Lebanon’s balance of payments ... read more
Handcuffed by financial crisis and riven with political uncertainty, Lebanese banks are seriously paralyzed and starved of funding; but given the central bank’s target that aims to help the banking sector ... read more
Lebanon is a state of collapse, and it was in the middle of its worst crisis when a huge explosion blowed Beirut in August 2020. In response to this compounded situation, the World Bank Group (WB), as ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.78% compared to last year, to reach $151.58B mid of March 2021. The increase was mainly due to the 14.39% ... 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 757,824 checks by January 2020 to 223,116 checks by ... read more
A year after Lebanon’s first sovereign default and the situation has deteriorated sharply. The trade of Lebanese government Eurobonds is lifeless as the political outlook remains bleak. As a result, the ... read more
10,452 is not only Lebanon’s surface area, it is the exchange rate that the Lebanese pound overpassed during the first week of March 2021. It is not easy to give an overview of the Lebanese economy today. ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more
For the past two years, social unrest has been an everyday headline in Lebanon. Between the economic, health and the currency crises, the employment market is deteriorating underneath the feeble look of ... read more
The first month of 2021 was particularly challenging for Lebanon, both externally and internally, given the spread of Covid19 and that last year ushered in an open-ended eruption of social rioting across ... 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 $151.01B by end of February 2021. The increase was mainly due to the ... read more
Lebanon’s real estate sector remains a stable investment even during the country’s worst socio-economic and financial crisis. However, the spread of Corona virus weigh heavy on Lebanon and remains a ... read more
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