The Rafic Hariri International Airport (RHIA) activity improved during the fifth month of this year, as the total number of passengers increased by a yearly 11.3% to 2.80M. In details, the number of ... read more
According to the Ministry of Finance, Lebanon’s Gross Public Debt reached $71.65B by April 2016, up by 3.16% from April 2015 and 1.91% since year-start. Gross domestic debt amounted to $44.02B by April and ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 1.04% year-to-date increase (y-t-d) and a 4.75% year-on-year (y-o-y) advance in total assets to $187.92B. Claims on the resident ... 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
As we expected, activity on the Beirut Stock Exchange (BSE) retreated this week with the BLOM Stock Index (BSI) declining by 0.64% to 1,147.82 points. This was also translated by a narrower market ... read more
The ordinary General Assembly of BLC Bank, which convened on the third of June 2016 at the bank’s headquarters, agreed on the bank’s financial records for the year ending 31/12/2015 and decided to ... read more
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
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