In its quarterly Industry Risk/Reward Index for Q4, 2015, in terms of the medical device industry, Business Monitor ranked Lebanon 7th out of 17 in the Middle East and Africa (MEA) region (Saudi Arabia ... read more
The non-audited financial results of the three largest Lebanese banks – BLOM Bank, Bank Audi, and Byblos bank — for the first three quarters of 2015 reveal steady profitability and growth, despite ... read more
The Beirut Stock Exchange (BSE) illustrated some pull today due to Solidere shares ending in the green for the first time in 12 sessions. The BLOM Stock Index (BSI) went up by 0.85% on Friday to 1,131.22 ... read more
On the London Stock Exchange (LSE), three out of the four listed Lebanese Global Depository Receipts (GDRs) were traded on Thursday. In details, 976 GDRs of Solidere changed hands at their previous quote ... read more
Despite a mixture in demand for Lebanese Eurobonds yesterday the BLOM Bond Index (BBI) dropped slightly by 0.01% to 104.94 points. Yields on the 5Y and 10Y Lebanese Eurobonds increased by 3 basis points ... read more
At 11.30 Beirut time, the Euro was quoted at $/€ 1.1003, the equivalent of €/LBP 1,658.70, appreciating against the US Dollar by 0.25% from Thursday’s close. The Euro partially recovered against the Dollar ... read more
The value of cleared checks fell 8.51% during the first 9 months of the year, which might be due to lower business spending, and the fact that people are possibly substituting payments via checks with ... read more
Banque BEMO reported a 15.40% annual increase in net income to $10.32M. This increase was primarily due to a $2.72M write-back of provisions and an 11.77% y-o-y decrease in administrative expenses to ... read more
BLC Bank witnessed a 25.56% y-o-y decline in their net income over the first three quarters of 2015 to $32.78M. Net interest income shed 29.66% to $92.18M, and net fee and commission income lost a similar ... read more
Bank of Beirut (BoB) witnessed a 12.03% annual rise in its net income over the first nine months of the year to $138.02M. This increase can be traced back to the 41.42% surge in net income from securities ... read more
During the week ending October 8, 2015, broad Money M3 declined by LP 16B ($10.85M), to reach LP 183,916B ($122.00B) posting a 5.12 % yearly growth and a 3.68% y-t-d uptick. Similarly, M1 dropped by LP ... read more
Lebanese Forex Market: Demand for the dollar on the Lebanese forex market steadied as the exchange rate remained at $/LP 1,510-1,514 with a mid-price of $/LP 1,512. Foreign assets (excluding gold) of the ... read more
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