The unconsolidated financial statements of Odeabank, Bank Audi’s Turkish subsidiary, posted $12.85M net profits up to September 2015, compared to a $3.85M loss in the same period of 2014. In fact, over the ... read more
During the week ending November 19, 2015, broad Money M3 increased by LP 66B ($43.91M) to reach LP 183,879B ($121.98B). M3 registered a 4.88% yearly growth and a 3.65% year-to-date growth. In contrast, M1 ... read more
Political talks concerning ceasing the presidential vacuum pushed the demand for Lebanese Eurobonds higher. Hence, the BLOM Bond Index (BBI) went up by 0.39% to 103.07 points, outperforming the JP Morgan ... read more
The positive performance of the real estate and banking sectors pushed the BLOM Stock Index (BSI) up by 1.24% to 1,172.47 points following the trade of 242,904 shares worth $3,252,391. In the real estate ... read more
On the London Stock Exchange (LSE), 38,532 GDRs worth $372,956 were traded on Thursday. In details, the GDRs of Solidere added 1.94% to $10.50, where 31,503 GDRs valued at $330,782 were traded. Audi GDRs ... read more
At 15:20 Beirut time, the Euro was quoted at €/$ 1.0902, the equivalent of €/LBP 1,643.48, depreciating against the US Dollar by 0.33%. The Euro fell against the dollar today, after the European Central ... read more
The Lebanese Eurobonds Market progressed for the 4th consecutive session, with the BLOM Bond Index (BBI) adding 0.16% to 103.07 points. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 1 basis point ... read more
Lebanon’s trade deficit declined by 18.36% year-on-year (y-o-y) by October, to $11.97B, caused by the 19.13% decrease in overall imports, surpassing the 10.66% decline in total exports. The decrease in ... read more
A close, hard look at the Lebanese economy reveals two unfortunate attributes: a long-simmering breakdown of governance in the public sector and the legacy of an outdated economic model. Corruption and ... read more
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