Fiscal deficit for the first 11 months of 2014 showed a 24.06% year-on-year (y-o-y) contraction to $3.02B, on the back of 10.39% higher revenues and 0.58% lower expenditures. On the revenue side, tax ... read more
The Beirut Stock Exchange continues to show relatively slow activity in the beginning of the week, as the BLOM Stock Index (BSI) up ticked to 1,220.353, only registering trades on three shares. Total value ... read more
The Lebanese Eurobonds Market ended last week’s trading session on a slight downtick as the BLOM Bond Index (BBI) showed a decrease of 0.02% to 106.83 points. The yields on the 5Y and 10Y Lebanese ... read more
Crude oil, one of the world’s most needed commodities, fully earned its title the “Black Gold” due to its non-renewable nature and its ever prevailing quality of initiating global tribulations. In turn, ... read more
During the week ending February 13 2015, broad Money M3 increased by LP 50B ($33.83M), to reach LP 176,357B ($116.99B) with a 4.98% year-on-year growth. Meanwhile, M1 declined by LP 117B ($77.85M) due to ... read more
For the second week in a row,the Beirut Stock Exchange (BSE) registered a gain, albeit small, possibly feeding on the positive vibes from last week’s political dialogues between Lebanon’s different ... read more
The Central Bank of Lebanon has approved for Standard Chartered Bank to change its name to “Cedrus Bank S.A.L” and that as of 02/03/2015. This modification is a result of Cedrus Invest Bank acquiring ... read more
According to the Ministry of Industry, the value of Lebanese industrial exports amounted to $3.15B in 2014, down from 2013’s $3.38B and 2012’s $3.57B. On the other hand, the value of imports of machinery ... read more
After the issuance of new Eurobonds maturing in 2025 and 2030 last week, demand for Eurobonds was quite subdued this week. Accordingly, the BLOM Bond Index (BBI) slipped by a weekly 0.14% to 106.85 points. ... read more
Activity was slow on the Beirut Stock Exchange on Friday as trade occurred on only three shares. Real estate shares Solidere B shed 0.61% to end the week at $11.36 and pulled the BLOM Stock Index (BSI) ... read more
Demand for the dollar increased over the week, as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,509-1,513 with a mid-price of $/LP 1,511 to $/LP 1,510-1,514 with a ... read more
As the BLOM Bond Index showed an uptick of 0.01% to 106.85 points, the yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 5.26% and 6.10%, respectively. Furthermore, as the demand for ... read more
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