Economic Digest

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

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Economic Digest
October 3, 2014

BEMO Bank Calls for Exceptional Ordinary General Assembly

BEMO Bank’s board of directors invited its shareholders for an exceptional ordinary assembly that will be held at the bank’s headquarters in Riad el Solh, Beirut on October 24, 2014 at 9:00 am. The ... read more

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Economic Digest
October 1, 2014

The World Bank Granted $474M Loan to Increase Municipal Water Supplies in Lebanon

Even though Lebanon facing water shortages in summer and fall seasons has been common, this problem became more severe in 2014. The mixture of a particularly harsh drought and the Syrian refugee inflow ... read more

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Economic Digest
September 30, 2014

Lebanon’s Water Sector Stood at the Heart of International Aid from May to August

Lebanon was recipient of social, economic and environmental aid during the period between May and August 2014, according to the latest Aid Coordination Newsletters from the Ministry of Finance. To begin ... read more

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Economic Digest
September 29, 2014

Value of Real Estate Sales Transactions Hits $5.86B by August 2014

Total real estate transactions inched up by a yearly 1.84% during the first eight months, to reach 45,509 transactions. However taking the months of July and August 2014 alone, the number of transactions ... read more

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Economic Digest
September 27, 2014

Ciments Blancs Recorded $1.70M Net Profits in H1 2014

The net sales of “Societe Libanaise des Ciments Blancs”, HOLCIM’s subsidiary, leaped by 11.42% y-o-y, from $7.13M to $7.92M, which boosted profits by 8.97% from June 2013 to $1.70M. By the end of H1 2014, ... read more

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Economic Digest
September 27, 2014

Bank Audi Increases Capital

Bank Audi has completed a US$ 300 million capital increase by way of (i) a US$ 240 million rights offering of common shares initially to existing shareholders (including GDR holders) of the Bank and (ii) a ... read more

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Economic Digest
September 26, 2014

Lebanese Gross Public Debt Surged to $65.62B by July

The Lebanese gross public debt reached $65.62B in the first seven months of 2014, rising by 8.92% from its value in the same period last year. Debt in domestic currency, grasping a share of 60.28% of total ... read more

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Economic Digest
September 25, 2014

Construction Area Authorized by Permits in Beirut Inched up 11.41% y-o-y by August

The Cabinet Formation in mid-February failed to boost investors’ sentiment that remained mostly stagnant. The number of construction permits slipped by 0.68% y-o-y to 11,311, noting that permits are ... read more

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Economic Digest
September 25, 2014

Beirut Occupancy Rate Increased to 60% in August 2014

Ernst and Young’s Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate increased by 12 percentage points (pp) year-on-year (y-o-y) to stand at 60% in August 2014. This triggered Revenue per ... read more

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Economic Digest
September 24, 2014

Tourism Sector Recovered by 0.68% by August

According to the Ministry of Tourism, the number of tourists visiting Lebanon, in the first eight months of 2014, has displayed a 0.68% year-on-year (y-o-y) improvement, bringing the total number up from ... read more

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Economic Digest