Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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Aline Azzi
Economic Digest
September 12, 2023

Beyond Sayrafa, A New Road Towards A Managed Floating Rate

After approximately 18 months of fluctuations in Lebanon’s monetary landscape, Lebanese authorities opted for the Bloomberg platform as an alternative monetary platform to replace ... read more

Stephanie Aoun
Economic Digest
September 11, 2023

BLOM Bank Publishes its Consolidated Financial Results for Q2 2023

BLOM Bank published on 8 September 2023 its consolidated but un-audited financial results for Q2 2023. The results obtained were naturally affected by the impact of the financial and economic crisis that ... read more

Lebanon’s Hotel Occupancy Rate reached 41.8% by June 2023 and remains the Lowest Rate Among Arab Countries

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 41.8% percentage points (pp) by June 2023, down from last year’s percentage of ... read more

Aline Azzi
Economic Digest
September 6, 2023

Bank Audi Publishes its Non-audited Financial Results for Q2 2023

Bank Audi published its non-audited financial results for Q2 2023 on 5/9/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of the ... read more

BDL’s Foreign Assets stood at $13.84B by mid-August 2023

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.46% compared to last year, to reach $103.58B by mid of August 2023. The fall was mainly due to the 90.56% ... read more

Lebanon’s Trade Deficit down by 19.72% YOY to $8.32B by August 2023

According to the customs Administration, Lebanon’s trade deficit totaled $8.32B down from $10.36B during the same period last year. Total imported goods dropped by 16.27% year-on-year (YOY) to $10.69B ... read more

AUB IFI: Short Analysis of A&M’s BdL Forensic Audit

Last week, a report by the Issam Fares Institute (IFI) at AUB, “THE FORENSIC REPORT OF THE BANQUE DU LIBAN: A SHORT ANALYSIS”, prepared by the Associate Fellow Dr Sami Geadah, was published. The report ... read more

Port of Beirut: Container Activity up 16.81% by June 2023

Total container activity including transshipment (TEU+TS) increased by a yearly 16.81% to stand at 391,894 twenty-foot equivalent unit (TEU) for the month of June 2023, with transshipment activity (TS) ... read more

Number of Airport Passengers Up by yearly 20.67% By July 2023

The activity at Rafic Hariri International Airport improved in the seventh month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 20.67% ... read more

Mansouri: Lebanese Government Has to Fend for Itself; Godman Sachs: Change of Guard at BdL does not Bring Resolution to Economic Crisis Any Closer!

In a press conference held on 25/8/202, Acting BDL Governor Dr Wassim Mansouri outlined BDL’s policy for the duration of his tenure, and the most salient feature of it is that BDL will stop funding ... read more

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Economic Digest