Economic Digest

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

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Riwa Daou
Economic Digest
April 21, 2015

Bank Audi’s Net Profit Grows by 17% to $100M in Q1 2015

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

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Economic Digest
April 20, 2015

Lebanon’s Fiscal Deficit Narrowed by 27.19% y-o-y to $3.07B in 2014

Lebanon’s fiscal deficit contracted by 27.19% in 2014 to reach $3.07B by end of year, coupled with a primary surplus (which excludes debt services) of $1.31B, compared to the $239.68M primary deficit ... read more

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Economic Digest
April 17, 2015

Car Sales Showed No Improvement in Q1 2015

The Lebanese car importers extended their contracting performance by March 2015, mirroring the economic slowdown that was overshadowing Lebanon in the past few years and heavily impacting their car sales. ... read more

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Economic Digest
April 17, 2015

Port of Beirut Revenues Displayed 1.61% Drop in Revenues in Q1 2015

Following 2 months of dwindling activity, Port of Beirut saw its revenues dropping by 1.61% y-o-y to $50.70M by March 2015, compared to the faster 7.5% yearly slump in revenues witnessed as of February of ... read more

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Economic Digest
April 16, 2015

BLOM Bank’s dividend yield recorded 6.88%

The Ordinary General Assembly of BLOM Bank’s shareholders s.a.l convened on April 15, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare gross distribution of $153.60M ... read more

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Economic Digest
April 16, 2015

Holcim Schedules Ordinary General Assembly for May 28th, 2015

Holcim invited its shareholders to an ordinary general assembly, scheduled for May 28th, 2015 at 10:00 a.m in the “Le Royal” hotel in Dbayeh. The assembly will discuss several points, including dividend ... read more

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Economic Digest
April 15, 2015

Tourist Spending in Q1 2015 Recovered by a Yearly 11%

Tourist spending in Lebanon grew 11% y-o-y in the first three months of 2015, according to data on VAT refund transactions from “Global Blue”. The improvement of tourists’ spending in the first quarter of ... read more

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Economic Digest
April 15, 2015

Bank of Beirut Calls for an Ordinary General Assembly

Bank of Beirut S.A.L invites all common shareholders to attend the Annual Ordinary General Meeting to be held at 10:30 am on Friday April 24, 2015, at the Bank’s Head Office located on Foch Street, Beirut ... read more

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Economic Digest
April 14, 2015

Bank Audi’s Ex-Dividend Date was set for the 8th of April

The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 7th, 2015 to look upon the Bank’s accounts for the year 2014. In addition, Bank Audi declared April 14th as its record date ... read more

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Economic Digest
April 9, 2015

Public Salaries Kept on Advancing for the 5th Year in a Row by September 2014

The Lebanese Ministry of Finance (MoF) recently released a report regarding “Salaries, Wages and Related Benefits” for the period Jan-Sept 2014 revealing a 7.7% y-o-y progress from the same period in 2013. ... read more

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Economic Digest