The distribution of 2015’s dividends worth a total of 7,376 million LBP or $4.89M was agreed upon during the Ordinary General Assembly of Bank BEMO, held on the 7th of June 2016 at the bank’s headquarters. ... read more
During the week ending May 26, broad Money M3 increased by LP 397B ($263.49M) to reach LP 189,526B ($125.72B). M3 registered a 4.77% yearly growth and a 1.57% year-to-date uptick. Likewise, M1 rose by LP ... read more
Middle East Airlines (MEA) is Lebanon’s prime airlines. Established in 1945, it initiated its first flights to countries in close proximity such as Syria, Cyprus, Egypt, and other destinations in the Gulf, ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $899.1M in the first four months of 2016, compared to a deficit of $714.2M in the same period last year. The widening deficit is the result of a ... read more
The BLOM Bond Index (BBI) shed Tuesday’s gains by losing 0.02% to 103.86 points. While the yield on the Lebanese Eurobonds maturing in 10 years stabilized at 6.73%, the 5 Year continued to rise, gaining 4 ... read more
At 12:10 am Beirut time, the Euro was quoted at €/$ 1.1299, the equivalent of €/LBP 1,703.32, depreciating by 0.13% against the US Dollar. The US dollar gained strength on Friday on account of wholesale ... read more
Yesterday on the London Stock Exchange, Solidere’s GDR shares saw their price decline from $9.80 to $9.69 with a traded volume of 3,892 and a value of $37,713. Source: Reuters Closing ... read more
The BLOM Stock Index (BSI) shed 0.16% to 1,150.78 points following the trade of 119,334 shares worth $644,912. In the real estate sector, Solidere A and B shares lost 0.10% and 2.23% to $9.62 and $9.63, ... read more
The BLOM Bond Index (BBI) shed Tuesday’s gains by losing 0.02% to 103.86 points. While the yield on the Lebanese Eurobonds maturing in 10 years stabilized at 6.73%, the 5 Year continued to rise, gaining 4 ... read more
Yesterday on the London Stock Exchange, Audi’s GDR shares saw their price decline from $6.12 to $5.95 with a traded volume of 1,004 and a value of $5,974. Closing Date: 08 June 2016 Source: Reuters ... read more
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