At 14:53 Beirut time, the Euro was quoted at €/$ 1.0808, the equivalent of €/LBP 1,629.31, depreciating against the US Dollar by 0.70%. The dollar is getting stronger against the euro as the market is ... read more
Activity at the Rafic Hariri International Airport (RHIA) progressed during the first 11 months of 2015, where the total number of passengers increased by 10.5% year-on-year (y-o-y) to 6.62M. The number of ... read more
Even though tourism is not a major contributor to the country’s national output, Egyptian authorities heavily rely on the sector to boost the country’s induced revenues, employment and investment projects. ... read more
The economic backdrop of the country has been weakened by regional tumults as well as by local political and security instabilities since 2011. Key sectors of the economy such as construction, real estate ... read more
Lebanese Forex Market: Demand for the Lebanese Pound steadied this week as the exchange rate remained in the same range of $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5. Foreign assets (excluding ... read more
The unconsolidated financial statements of Odeabank, Bank Audi’s Turkish subsidiary, posted $12.85M net profits up to September 2015, compared to a $3.85M loss in the same period of 2014. In fact, over the ... read more
During the week ending November 19, 2015, broad Money M3 increased by LP 66B ($43.91M) to reach LP 183,879B ($121.98B). M3 registered a 4.88% yearly growth and a 3.65% year-to-date growth. In contrast, M1 ... read more
Political talks concerning ceasing the presidential vacuum pushed the demand for Lebanese Eurobonds higher. Hence, the BLOM Bond Index (BBI) went up by 0.39% to 103.07 points, outperforming the JP Morgan ... read more
The positive performance of the real estate and banking sectors pushed the BLOM Stock Index (BSI) up by 1.24% to 1,172.47 points following the trade of 242,904 shares worth $3,252,391. In the real estate ... read more
On the London Stock Exchange (LSE), 38,532 GDRs worth $372,956 were traded on Thursday. In details, the GDRs of Solidere added 1.94% to $10.50, where 31,503 GDRs valued at $330,782 were traded. Audi GDRs ... read more
At 15:20 Beirut time, the Euro was quoted at €/$ 1.0902, the equivalent of €/LBP 1,643.48, depreciating against the US Dollar by 0.33%. The Euro fell against the dollar today, after the European Central ... read more
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