Lebanese Forex Market: Demand for the dollar in the Lebanese Forex market strengthened during the week as the Lebanese pound depreciated against the dollar from $/LP 1,503–1,507 with a mid-price of $/LP ... read more
According to Rymco’s June balance sheet, the company’s total assets grew by 17% year-on-year to $160.49M while total shareholders’ equity edged up by 1% year-on-year to $50.15M. Rymco’s net income ... read more
According to the financial statements of Bank Audi’s Egyptian subsidiary, net profit surged by 31.47% year-on-year to reach $38.67M. Higher profits came about as net interest income grew from $50.22M at ... read more
According to a statement released by the Beirut Stock Exchange, MENA Invest has been scratched off the list of Brokers. This decision came about after the Central Bank of Lebanon announced it has removed ... read more
The Syrian regime continued to suffer losses in the second quarter of 2015 (Q2 2015). In April, opposition groups captured the Nasib border crossing, which used to be the only functioning crossing between ... read more
The newly appointed king Salman reshuffled several power positions in the Kingdom. After Prince Muqrin relinquished the title of crown prince, Muhammad Bin Nayef was appointed to the role. As for the ... read more
According to the Central Bank of Lebanon, the value of outstanding loans to the private sector rose by 0.47% since year-start to $54.17B by March 2015. The largest category of these disbursed loans is the ... read more
The Lebanese balance of trade for precious metals (gold, diamonds, articles of jewelry, silver, platinum, pearls and precious stones) has been in the red for the past four years at the exception of 2012. ... read more
BLOM Bank released today its consolidated and unaudited financial results for the first half of 2015. Despite a weak Lebanese economy and a continuing unstable regional environment, the Bank maintained its ... read more
The BLOM Bond Index (BBI) registered a 0.15% drop over the past week to settle at 107.08 points. The BBI was outperformed by the JP Morgan Emerging Markets’ Bond Index which grew by a weekly 0.04% to ... read more
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