According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly increased annually 1% to reach $5.45B by October 2020. This increase was driven by rise of “Transfer to public institution”, ... read more
The political conflicts are freezing any economic solution or a way out to save the Lebanese economy. The letter sent by the Lebanese president Michel Aoun to the Parliament asking them to discuss the ... read more
Following the political unrest and the worldwide pandemic, Beirut Airport activity retracted by 36.93% year-on-year (YOY) in April 2021 as tourism activity almost ceased along with the economy. ... read more
While the economic crisis continues to cast it shadow over the Lebanese environment, Lebanese citizens and specifically depositors are still trying to figure a way to protect the value of their savings and ... read more
The figures released by the Port of Beirut (PoB) revealed an annual increase of 28.65% in the Port’s revenues which settled at $10.84M by March 2021, compared to last year’s $8.42M. In details, Total ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.80B by October 2020, down from last year’s $4.02B. In detail, the substantial deficit is attributed ... read more
BDL’s latest statistics on money supply revealed that Broad Money (M3) increased by LBP 187B ($124M) to stand at LBP 201,947B ($133.96B) by the week ending April 01, 2021. As such, on an annual basis, M3 ... read more
07/05/2021 30/04/2021 %Change YTD Euro / LP 1,813.96 1,809.55 0.24% -1.36% Euro / Dollar 1.2033 1.2004 0.24% -1.36% NEER Index 125.30 139.87* -1.59% 0.37% * As for 23 April 2021 Lebanese Forex Market ... 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 2,496,338 checks by March 2020 to 911,785 checks by ... read more
Beirut Airport activity retracted by 54.52% year-on-year (YOY) in March 2021 as tourism activity is low due to worldwide pandemic. Accordingly, the number of passengers was reduced drastically, falling ... read more
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