At 12:15 Beirut time, the Euro was quoted at €/$ 1.1310, the equivalent of €/LBP 1,704.98, appreciating by 0.22% against the US Dollar. The euro gained momentum against the dollar today as weakened oil ... read more
BLOM listed shares witnessed a negative performance today on the Beirut Stock Exchange (BSE) as the stock lost 5.66% to end the session at $10.01. This mainly resulted from the ex-dividend date of BLOM ... read more
Activity at the Port of Beirut (PoB) remained resilient in the first Quarter (Q1) of 2016 as the port’s revenues recorded a double-digit yearly increase of 12.35% to $56.96M. Total container activity ... read more
Lebanese Forex Market: Demand for the Dollar in the Lebanese Forex Market remained unchanged over the past week as the value of the dollar steadied at $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514. ... read more
During the Annual Ordinary General Assembly held on April 14th, 2016, BLOM Bank’s shareholders approved the accounts of the bank for 2015 and the distribution of dividends and returns amounting to LBP ... read more
According to Bank Audi and the Beirut Stock Exchange, Bank Audi’s shareholders convened on April 8, 2016 for an Ordinary General Assembly and declared a gross distribution of dividends as follows: To ... read more
According to the International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) entitled “Too Slow for Too Long”, global growth is projected at 3.2% in 2016, in line with that of last year, but ... read more
The Beirut Stock Exchange (BSE) underwent a week of profit taking on Audi stocks, sending the BLOM Stock Index (BSI) 0.98% lower following five weeks of improving performance. Accordingly, the index ended ... read more
After sponsoring the Purchasing Managers’ Index (PMI) in Lebanon, the leading economic indicator measuring the private sector’s activity, BLOMINVEST Bank continues to invest in economic ... read more
Lebanon’s infrastructure was extremely damaged by the 1975-1990 civil war. The quality of public utilities decayed further after the war in 2006 and the Syrian war in 2011. Since then, Lebanon has lacked ... read more
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