On the 25th of March 2015, the Kingdom of Saudi Arabia led, along with nine other Arab States, the Operation “Decisive Storm” in Yemen. The Kingdom’s military intervention is intended to support the ... read more
In June 2014, oil prices were slashed from a high of $112 to a low of $58 in December 2014. This bearish trend meant different things to the fiscal balances of oil importing countries and to those of oil ... read more
In the TBs auction held on the 16th of April 2015, the Ministry of Finance raised LP 417.26B ( $276.79M), through the issuance of bills and notes maturing in 6M, 2Y and 7Y. The highest demand was achieved ... read more
BLOM Bank announced today its financial results for the first quarter of 2015. The results are quite robust, considering the slowdown in the Lebanese economy and the political troubles facing the region. ... read more
According to Kafalat, the number of granted guarantees dropped from 208 in the first quarter of 2014 (Q1 2014) to 143 in Q1 2015 and their value fell from $26.8M in Q1 2014 to $19.6M in Q1 2015. In terms ... read more
Bank Audi’s consolidated income statement showed a 17% year-on-year growth in net profits to $100M in the first quarter of 2015. Net interest margin and net fee and commission income grew by 19% and 14% to ... read more
The Lebanese economic backdrop remained bleak in 2014 on account of the spillovers of the Syrian war and the internal political deadlock. The growth of the country’s Gross Domestic Product (GDP) stood at a ... read more
The Beirut Stock Exchange (BSE) witnessed a poor showing, where the banking sector stocks pushed the BLOM Stock Index (BSI) down by 1.69% to 1,205.06 points in the last two weeks. This could have been due ... read more
The BLOM Bond Index (BBI) saw a minor improvement of 0.14% over the past week to 106.687 points. The JP Morgan emerging markets’ bond index outperformed the BBI as it gained a weekly 2.25% to reach 674.87 ... read more
E-commerce refers to the purchase and selling of goods and services online and also encompasses digital payments, a segment mastered by e-bay owned PayPal[1]. There are several types of e-commerce: ... read more
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