Trade activity at Lebanon’s main customs offices was down during the first ten months of the 2015. Total imports fell by a yearly 16% to $14.69B while total exports fell by a yearly 11% to $2.49B. The ... read more
We recommend a Reduce rating on Arab Bank’s share, as we expect this year to close on a 2.17% decline in profits to $564.6 million, incorporating our estimates that Q4 will end with a minor loss. Our view ... read more
Unlike last week, the Beirut Stock Exchange registered losses during Monday’s session with the BLOM Stock Index (BSI) shedding 0.34% to 1,168.43 points following the trade of 139,906 shares worth ... read more
On the London Stock Exchange (LSE), 383,683 Solidere GDR shares worth $4.45M were traded on Friday. Solidere’s shares ended the session with a 10.48% gain to reach a price of $11.60 per share. Similarly, ... read more
The BLOM Bond Index (BBI) added 0.28% to 103.35 points on Friday on account of higher demand for medium and long term Lebanese Eurobonds. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 11 basis ... read more
At 14:53 Beirut time, the Euro was quoted at €/$ 1.0808, the equivalent of €/LBP 1,629.31, depreciating against the US Dollar by 0.70%. The dollar is getting stronger against the euro as the market is ... read more
Activity at the Rafic Hariri International Airport (RHIA) progressed during the first 11 months of 2015, where the total number of passengers increased by 10.5% year-on-year (y-o-y) to 6.62M. The number of ... read more
Even though tourism is not a major contributor to the country’s national output, Egyptian authorities heavily rely on the sector to boost the country’s induced revenues, employment and investment projects. ... read more
The economic backdrop of the country has been weakened by regional tumults as well as by local political and security instabilities since 2011. Key sectors of the economy such as construction, real estate ... read more
Lebanese Forex Market: Demand for the Lebanese Pound steadied this week as the exchange rate remained in the same range of $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5. Foreign assets (excluding ... read more
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