Moody’s has maintained Lebanon’s issuer rating at C, with a revised outlook to stable from no outlook. The C rating Read More
The activity at Rafic Hariri International Airport has significantly deteriorated in November 2023 following Hamas’ attack on Israel on October 7. Although, the cumulative Read More
2022 Million USD Number of Banks Sum of Tier 1 Capital Sum of Assets Tier 1 Capital/Assets* UAE 18 101,199 983,659 10.3 Egypt 11 14,822 118,322 12.5 KSA 10 127,754 901,752 14.2 Bahrain 10 18,004 162,801 11.0 Qatar 9 58,002 556,050 10.4 Jordan 9 12,171 121,841 13.5 Kuwait 8 35,800 343,064 10.4 Read More
Ten Lebanese banks filed through their lawyers a Memorandum to ‘Tie-up Litigation’ with the Government, addressed to the Ministry of Finance. The Read More
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.46B by October 2023, far beyond the deficit over the Read More
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 31.82% to stand at $112.25B by October 2023 amid BDL’Read More
USD Million 2021 2022 Current Account -3404.9 -6481.3 Trade in Goods -8226.5 -13652.6 Trade in Services 990.5 2095.2 Travel 1319.4 2129.3 Transfers 5336.4 5676.2 Remittances 4446.8 4720.5 Capital/Financial Acc. 582.2 4322.9 FDI 1938.6 460.7 Portfolio 549.9 Read More
Solidere announced its audited financial results for the year 2022, revealing a decrease in losses amounting to $11.1 million compared to $21.5 million at the Read More
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 43.05% compared to last year, Read More
Total container activity including transshipment (TEU+TS) increased by a yearly 17.36% to stand at 621,781 twenty-foot equivalent unit (TEU) for the month of Read More
