Home » LEBANON BRIEF » Issue July 2018 » Issue July 2018 - Week 5
Lebanon’s fiscal deficit widened from $161.58M by February 2017 to $865.03M in the first two months of 2018 mainly due to three factors: the passing of the public sector pay hikes in Q4 2017, the ... read more
According to the Ministry of Industry, the total value of industrial exports increased by an annual 6.15% to reach $856.6M by April 2018. In term of imports, the total value of imports of industrial ... read more
The Beirut Stock Exchange (BSE) released a statement by BLOM Bank that clarifies the trades on its listed shares as well on its Global Depositary Receipts (GDRs), performed by Banorabe S.A SPF, one of the ... read more
According to Bank Audi’s unaudited consolidated financial statements, the bank’s Net profit for 2018’s first half (H1) totaled $265.39M compared to $212.76M in the same period last year. The Net interest ... read more
According to BLC Bank’s unaudited consolidated financial statements, the bank’s profit for 2018’s first half (H1) totaled $24.4M compared to $24.9M in the same period last year. However, the net profit ... read more
The consolidated financial statements of Byblos Bank revealed a 0.53% year-on-year (y-o-y) growth in profits to $66.63M in the first half of 2018 (H1 2018). In details, the incremental rise in profits came ... read more
BLOM Bank published today its unaudited financial results for the first half of 2018. In a difficult environment characterized by a slowing economy, higher taxes on banks, and continuing regional ... read more
According to Global Blue, tourist spending rose by 4.99% since year start in the first half of the year. The highest number of refund transactions was executed during the month of January with 27% of the ... read more
Lebanon’s BLOM Bond Index (BBI) continued the recovery this week, rising by 0.55% to reach 91.81 points on higher demand along the whole yield curve except for the 10 year Eurobonds . The BBI recovered ... read more
It seems that the political deadlock is weighing heavily on investor confidence and appears to have overshadowed the release of the banks’ positive results for the first half of the year. The BLOM Stock ... read more
Lebanese Forex Market The Lebanese Pound traded within the range of $/LP 1,514-1,514.5 against the dollar with a mid-price of $/LP 1,514.25 by the week ending July 27th, at the same range as last week. ... read more
During the week ending on July 19th, Broad Money (M3) fell by a weekly LBP 223B ($148M) to reach LBP 211,146B ($140.06B). On a yearly basis, M3 added 1.63% and rose by 1.47% since the start of the year. M1 ... read more
The Real GDP Growth appears to be declining in the third quarter of the year following the disappointing PMI reading in July compared to the previous months. The BLOM Lebanon Purchasing Managers’ Index ... read more
Global FDI flows fell substantially in 2017 on account of rising political and economic instability. FDI inflows to developed countries suffered the biggest annual loss. Saudi Arabia witnessed a wave of ... read more