BankMed increased its capital from $432.84 to $442.79M by issuing 1.5M new preferred shares series 3, in accordance with the first three decisions made during the extraordinary general assembly of ... read more
During the ordinary general assembly held on the 24th of October, 2014, the shareholders of Bank BEMO approved the issuance of 2,500 subordinate debt securities worth $25M, with a nominal value per bond ... read more
After the General Assembly meeting held on the 26th of June, RYMCO’s board of directors decided to distribute dividends relative to the financial year of 2013. Shareholders entitled to dividends are the ... read more
The Lebanese Eurobonds Market weakened during the week, amidst security turbulences. The BLOM Bond Index (BBI) dropped 0.25%, to settle at 108.25 points, with a 2.47% gain since year start. Low demand on ... read more
Demand for the dollar decreased over the prior week as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,513-1,514 with a mid-price of $/LP 1,513.5 to $/LP 1,510-1,514 with a ... read more
The Beirut Stock Exchange reversed last week’s decline, as the BLOM Stock Index (BSI) recorded a weekly 0.43% increase to close at 1,181.69 points following heavy trade on Friday. The average traded volume ... read more
In a Euromoney article published in May 2014, the governor of the Central Bank of Lebanon mentioned that the number of Lebanese banks (Lebanese shareholders and Lebanese management) was slashed by almost ... read more
The total number of registered new and imported used cars during the first 11 months of 2014 has dropped by 2% compared to the same period last year. According to the Association of Car Importers in ... read more
Port of Beirut (PoB) revenues declined by 2.72% year-on-year (y-o-y) to settle at $195.74M by November 2014. Imported cars decreased by 0.97% to 82,130 cars, by November. Likewise, the number of vessels ... read more
The BLOM Stock Index (BSI) ended Friday’s session robustly, with a 1.21% increase to 1,181.69 points on a 10-week high volume of 1,833,566 shares worth $11,658,281. The banking sector dominated trade on ... read more
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