We maintain an ACCUMULATE rating on Ezz steel, revising our target price up to EGP 19.78 per share on easing levels of political tensions and economic uncertainties. Revenues increased by 7.7% y-o-y to ... read more
We lower our target price on Holcim Liban (HL) to USD 14.62 from USD 15.10 previously. Holcim shares are yielding a very attractive 5%-7% in dividends but the political unrest sweeping the Arab World ... read more
The combination of a worsening situation in Syria, an internal instability and a political deadlock had their toll on the performance of the Lebanese economy. The International Monetary Fund’s (IMF) ... read more
The contraction of the private sector activity in the second half of 2013 led to pessimistic expectations of several economists and business people. The purchasing managers’ index for Lebanon (BLOM PMI) ... read more
Development of ICT was impressive throughout the past decade but contains stark differences between developed and developing countries, including Arab countries. The International Telecommunication Union ... read more
The BLOM Lebanon PMI (Purchasing Managers’ Index) dropped from December’s level of 49.0 to score 44.7 in January 2014, reaching its lowest mark in the 9-Month’s survey. The below-50 PMI reveals ... read more
Oil exporters’ countries in the MENA region remain on a different economic scale from their neighboring oil importers; however, their political agendas continue to overlap. The MENA’s most populous ... read more
The banking sector continued to put in a strong performance during 2013 despite the slowdown of economic growth in Lebanon and the instability in countries where Lebanese banks are present. Although BLOM ... read more
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