On 01/10/2014, the Egyptian Stock Exchange (EGX) listed and started trading SODIC’s 250 million rights at a par value of EGP 4 per share plus issue costs of EGP 0.06 per share. Each existing shareholder ... read more
Banque Pharaon and Chiha announced, on the 4th of October, the sale of 80% of the bank’s shares to Raymond and Teddy Rahme of ZR Group Holding. The latter is considered a well-known player in a multitude ... read more
The Lebanese Eurobonds witnessed a decrease, where the BLOM Bond Index (BBI) slightly dropped 0.03% to 108.26 points. The 5Y Lebanese Eurobonds’ yield gained 1 basis point (bp) to settle at 5.15%, while ... read more
The BLOM Stock Index (BSI) dipped on Monday by 0.16% to 1,172.99 points, following the trade of 142,704 shares worth $1,672,497. The BSI registered a gain of 1.99% since year start and a 2.16% increase ... read more
Two years ago, a $60M, 600 m long, 15.5m deep quay was built at the Port of Tripoli. Just recently, Businessnews reported that infrastructure works on the new quay will begin early next year. Local ... read more
The Lebanese Eurobonds bounced back, where the BLOM Bond Index (BBI) added 0.09% to 108.29 points. The 5Y and 10Y Lebanese Eurobonds’ yield lost 2 basis points (bps) and 1 bp to 5.14% and 6.22%, ... read more
The Beirut Stock Exchange (BSE) saw a heavy trade on the banking sector shares, which grasped 92.52% of total traded value. The Beirut Stock Index (BSI) lost 0.04% to 1,174.84 points. In the banking ... read more
During the week ending September 25, 2014, broad Money M3 dropped by LP 52B ($34.49M), to reach LP 175,228B ($116.24B). M3 growth rate reached 7.17% year-on-year and 4.57% since year start. Likewise, M1 ... read more
When revolutions swept the Arab world starting 2011, journalists and politicians around the world called it the ‘Arab Spring’. But with time it appeared that, as it should have been expected in the first ... read more
10/10/2014 03/10/2014 %Change YTD Euro / LP 1910.00 1903.97 0.32% Euro / Dollar 1.2670 1.2630 0.32% NEER Index** 138.73 138.88 -0.11% 7.49% Demand for the dollar steadied over the prior week as ... read more
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