Banque Du Liban (BDL) recently released its Macroeconomic Review for the first half of 2025, offering a comprehensive assessment of Lebanon’s economic trajectory, monetary conditions, Balance of Payments ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 17.36% to stand at 621,781 twenty-foot equivalent unit (TEU) for the month of September 2023, with transshipment activity ... read more
BDL issued, on 17/11/2023, an amendment to Basic Decision 13335, outlining exceptional measures for the gradual repayment of deposits in foreign currencies as per Circular No 158. This decision applies to ... read more
On 10/11/2023, the Banking Control Commission submitted a proposed law for restructuring and reforming the Lebanese banking sector to the Council of Ministers titled, “Reforming the Situation of Lebanese ... 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 1,399,559 checks by October 2022 to 384,251 ... 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 balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 42.91% compared to last year, to reach $106.59B by mid of November 2023, amid adopting the 15,000 LBP/USD ... 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 88.40% yearly to stand at 7,834 transactions by ... read more
Bank Audi published its non-audited financial results for Q3 2023 on 17/11/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of ... read more
The activity at Rafic Hariri International Airport has significantly deteriorated in October 2023 following Hamas’ attack on Israel on October 7. Although, the cumulative count of passengers at Beirut ... read more
As per law, the MOF prepared its 2024 budget and submitted it to the Lebanese Parliament last month, where it is currently under review by the Finance and Budget Committee. Legalwise, though, the ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 32.53% to stand at $112.69B by September 2023 amid BDL’s adoption of a new exchange rate of LBP ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.54B by September 2023, far beyond the deficit over the same period last year of $3.05B. Accordingly, Net foreign Assets (NFAs) of ... read more
BLOM Bank published on 10/11/2023 its consolidated but un-audited financial results for Q3 2023. The results obtained were naturally affected by the impact of the still-ongoing financial and economic ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 20.77% to stand at 562,820 twenty-foot equivalent unit (TEU) by the month of August 2023, with transshipment activity (TS) ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 46.3% percentage points (pp) by August 2023, down from last year’s percentage ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 43.56% compared to last year, to reach $106.28B by end of October 2023, amid adopting the 15,000 LBP/USD ... read more
Lebanese Ministry of Finance issued, in early November 2023, a report in the wake of the recent developments stating that Lebanon lacks the necessary resources to face the repercussions of a potential war, ... read more
In its meeting on 1/11/2023, the Council of Ministers (COM) discussed enacting a law proposed by the Deputy Prime Minister that would tax the profits (in fresh USD) made by bank clients who redeemed their ... read more
Since September 2019, Lebanon’s economic landscape has been marked by severe turbulence, primarily driven by skyrocketing inflation and a staggering devaluation of the Lebanese pound against the US ... 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 1,306,237 checks by September 2022 to 353,183 ... read more
The Lebanese banking sector, historically known for its stability and secrecy, has faced significant challenges in recent years. It was characterized by a large and sophisticated network of banks that ... read more
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