Economic Digest

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

Rouba Chbeir
Economic Digest
December 24, 2019

Lebanon’s Fiscal Deficit Shrank by $916.83M YOY to Settle at $3.59B in Q3 2019

Lebanon’s cash-basis fiscal deficit narrowed from $4.51B in the third quarter (Q3) of 2018 to $3.59B in Q3 2019. The smaller deficit comes as a result of the 8.30% yearly decline in government spending, ... read more

Rouba Chbeir
Economic Digest
December 23, 2019

Number of Construction Permits Slumped by 19.37% to 10,354 by November 2019

The civic protests that erupted starting October 17th across the country and the ensuing financial and economic developments negatively impacted the real estate and construction sector over the period, as ... read more

Rouba Chbeir
Economic Digest
December 20, 2019

S&P Downgraded Lebanon’s Foreign and Local Currency Issuer Credit Ratings to “Selective Default” on Three Lebanese Banks and Revised Lebanon’s BICRA Score Downwards

On Dec. 18th 2019, Standard & Poors (S&P) Global Ratings lowered its foreign and local currency issuer-credit ratings on the three Lebanese banks: Bank Audi, Blom Bank, and Bankmed to ... read more

Rouba Chbeir
Economic Digest
December 20, 2019

BEMO Bank Calls for Extraordinary General Assembly: December 23rd 2019

The Board of Directors of BEMO Bank called for an extraordinary general assembly meeting on December 23, 2019 at 09.00am at the bank’s headquarters in Ashrafieh. The main items on the agenda are: To ... read more

Rouba Chbeir
Economic Digest
December 19, 2019

Core Shareholders of Byblos Bank Approve BDL’s 10% Increase in the Bank’s Capital: December 18th 2019

On the back of BDL’s Circular No.532 (issued Nov. 04th) which instructed commercial banks in Lebanon to raise their Capital by 10% before year-end (and another 10% by end-June 2020), the Board of Directors ... read more

Rouba Chbeir
Economic Digest
December 18, 2019

Gross Public Debt Recorded a 3.6%YOY Uptick to $87.09B by October 2019

According to the data released by the Ministry of Finance (MoF), Lebanese gross public debt increased by an annual 3.6% to settle at $87.09B by October 2019. In details, local currency debt (denominated in ... read more

Rouba Chbeir
Economic Digest
December 17, 2019

The Downtrend Persists: Number of Real Estate Transactions Contracted by 19.24%YOY by November 2019

In the second month following the eruption of protests in the country, the real estate (RE) sector performance remained weak, with the number and value of RE transactions recording annual slumps of 19.24% ... read more

Rouba Chbeir
Economic Digest
December 16, 2019

Large Increase in the Total Number of Returned Checks in November 2019

The latest statistics released by the Association of Banks (ABL) on cleared checks in the Lebanese financial system notably revealed a substantial increase in the month-on-month (MOM) and year-on-year ... read more

Rouba Chbeir
Economic Digest
December 16, 2019

BLOM Bank Calls for Extraordinary General Assembly: January 14th 2020

BLOM Bank’s Board of Directors convened on Friday December 13th 2019 and decided to hold an extraordinary general assembly meeting on Tuesday January 14th 2020 at 12.00pm at the bank’s headquarters in ... read more

Rouba Chbeir
Economic Digest
December 13, 2019

Lebanon’s Maritime Trade Activity Hampered by October 2019, in light of the National Developments

The figures released by the Port of Beirut (PoB) showed that the Port’s revenues fell by 14.64% year-on-year (YOY) to stand at $166.5M by October 2019, down from $195.05M in the same time last year. In ... read more

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Economic Digest