Odeabank, Bank Audi’s Turkish subsidiary, released its financial statements for the first three months of 2019. The bank revealed a net profit of $0.64M, down from $12.07M recorded in Q1 last year. This ... read more
According to Kafalat, the number of loan guarantees dropped from 138 guarantees by April 2018 to 30 loans by April 2019. The overall value of the guarantees also plunged from $18.19M in the same period of ... read more
Facing mounting pressures from the current unsustainable debt, international interference as well as weak economic growth, the Lebanese cabinet is discussing a draft austerity budget with hopes of ... read more
During the week starting May 06th 2019, Lebanon witnessed an open strike by the employees of Banque du Liban (BDL) who feared budget cuts will jeopardize their wages and benefits. The strike disrupted some ... read more
Lebanese Forex Market The Lebanese Pound (LP) steadied this week within the range of $/LP 1,514 – 1,514.5 against the dollar, with a mid-price of $/LP 1,514.25. The peg continues to be supported by ... read more
Lebanon’s BLOM Bond Index (BBI) dropped by a weekly 1.80% to reach 90.16 points. As for the JP Morgan Emerging Markets’ Bond Index (EMBI), it also recorded a weekly decline of 0.15% and reached 821.19 ... read more
In the week ending April 25th 2019, Broad Money (M3) increased by a weekly LBP 120B ($79M) to stand at LBP 210,329B ($139.52B), declining 0.26% year-on-year (y-o-y) and 0.85% since the start of the year. ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
Bank of Beirut’s (BOB) general assembly convened on May 06, 2019 at the bank’s headquarters in Beirut to approve the 2018 financial statements. BOB also declared the distribution of 2018 gross dividends, ... read more
The activity at Beirut International Airport in the first quarter of the year (Q1 2019) witnessed a slight uptick, with the total number of passengers rising from 1.73M in Q1 2018 to 1.75M in Q1 2019. In ... read more
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