Home » LEBANON BRIEF » Issue March 2019 » Issue March 2019-Week1
RAMCO’s March. 2019 study on the “office market segment” in Beirut revealed that 24 office projects are currently under construction in Municipal Beirut, compared to 28 projects in 2018. Similarly, the ... read more
According to the latest report published by Ernst & Young, Beirut’s hotel occupancy rate rose by 1.4 percentage points from 63.7% in 2017 to 65.1% in 2018. The average room rate (ARR) of Beirut’s 4 and ... read more
January 2019 witnessed the highest monthly BOP deficit of $1380M since 1993, only July 2006 (launch of Israeli war on Lebanon) came close to it with a deficit of $1188M. The political tensions ahead of the ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 11.81% year-on-year (y-o-y), to stand at $248.88B by January 2019. In details, Currency and deposits with BDL ... read more
The Central Bank’s (BDL’s) balance sheet posted an 18.81% y-o-y (year on year) increase in its total assets, to $145.29B by February 2019. BDL’s foreign assets (grasping 26.76% of total assets) fell by ... read more
The BLOM Stock Index (BSI) gained 3.21% to stand at 973.65 points, by the week ending March 08 2019, while the market capitalization rose from last week’s $9.19B to $9.49B to this week.In details , an ... 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
In the week ending February 21st 2019, Broad Money (M3) fell by a weekly LBP 7B ($5M) to stand at LBP 209,149B ($138.74B), declining 0.30% year-on-year (y-o-y) and 1.41% since the start of the year. In ... read more
The BLOM Bond Index (BBI) ended the week at 90.75 points, declining weekly by 2.81% and the JP Morgan Emerging Markets’ Bond Index (EMBI) also decreasef by a marginal 0.38% to end the week at 806.66 ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) increased from 46.5 in January 2019 to 46.9 in February as output and new orders declined at a slower pace, the slowest in a year. On January 31st the ... read more
The ripples of the Lebanese economic slowdown vary from sector to sector. Tourism was hit by the absence of hefty Gulf spenders but was able to adapt to the new segment of European tourists by offering ... read more