Bank of Beirut (BoB) ended Q1 2015 with a net profit of $40.55M, representing a 10.23% rise from the same period last year. This increase was primarily driven by the 16.45% y-o-y surge in net interest ... read more
The number of construction permits lagged behind in Q1 2015 by a yearly 23.23% to its lowest level in 6 years at 3,337 in Q1, compared to 4,347 in 2014. Noting that permits are usually issued at least 6 ... read more
BLC Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters on May 12, 2015 at 12 pm. The meeting’s agenda will include hearings of ... read more
Poor demand for US Treasuries has affected the passive outlook for Lebanese Eurobonds on Wednesday. The BLOM Bond Index (BBI) slightly down ticked by 0.03% to settle at 107.93 points. The yield on the 10Y ... read more
During the three-week period starting March 12 to April 2 2015, broad Money M3 increased by LP 784B ($519.96M), to reach LP 177,868B ($117.99M) with a 5.00% year-on-year growth and 0.3% year-to-date ... read more
The Beirut Stock Exchange ended Wednesday’s session in the green, on the back of a good performance in the banking sector. This translated into the BLOM Stock Index (BSI) posting a 0.19% daily uptick to ... read more
Demand for Lebanese Eurobonds remained relatively stable on Tuesday, as the BLOM Bond Index (BBI) marginally inched up by 0.02% to settle at 107.96 points. The yield on the 10Y Lebanese Eurobonds decreased ... read more
The value of cleared checks decreased by 4.85% during the first three months of the year, illustrating lower business spending. In fact, the number of checks cleared by Banque du Liban amounted to 3.04M ... read more
The series of terrorist attacks fastened in Q1 2015 with Egypt facing almost 331 incidents compared to 353 for the entirety of 2014. The emerging developments in Yemen and the military intervention of ... read more
Despite the decline in oil prices, the UAE are carrying on with their ongoing projects such as Mall of the World and Dubai World Expo 2020 and continue to be the magnet for multinational headquarters ... read more
BEMO Bank recorded a net profit of $3.14M in Q1 2015 compared to $2.73M over the same period in 2014. In details, interest expense increased by 4.24% year-on-year (y-o-y) to $10.90M, outpacing the annual ... read more
Demand for medium and long term Lebanese Eurobonds strengthened in the beginning of the week, as the BLOM Bond Index (BBI) increased by 0.32% to settle at 107.94 points. The yields on 5Y and 10Y Lebanese ... read more
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