Levant Investment Bank (Libank), a fully chartered investment and private bank regulated by the Central Bank of Lebanon, is going to launch a $25M mutual fund in April. The LIBANK Global Balanced Fund will ... read more
By the end of October 2014 the fiscal outlook looked positive as the public deficit narrowed by 30.71% year on year (y-o-y) to $2.44B. This progress was due to an increase of the total revenues by 11.48% ... read more
Demand for the dollar strengthened over the week, as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,508-1,512 with a mid-price of $/LP 1,510 to $/LP 1,509-1,513 with a ... read more
During the week ending January 29, 2015, broad Money M3 decreased by LP 145B ($95.86M), to reach LP 176,106B ($116.82B) with a 5.29% year-on-year growth. In contrast, M1 gained LP 45B ($30.13M) due to the ... read more
The Port of Beirut’s revenues shrank by 13.45% year-on-year in January 2015 to settle at $16.01M. Activity on Lebanon’s main port began the year poorly with a decrease in total container activity ... read more
The BLOM Bond Index remained relatively unchanged recording a 0.01% downtick to 106.89 points. The 5Y Eurobonds’ yield slipped slightly from 5.27% to 5.26%, while the 10Y yield remained constant at 6.20%. ... read more
The Beirut Stock Exchange (BSE) witnessed a progress on Thursday as the BLOM Stock Index (BSI) increased by 0.63% to end the session at 1,195.18. In the real estate sector, both Solidere “A” and “B” shares ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars increased from 2,551 in January 2014 to 2,561 in January 2015. The number of newly ... read more
The BLOM Bond Index, tracking the Lebanese Eurobonds market, posted a 0.09% downtick to 106.91 points. The slip was due to lower demand for 5Y Eurobonds and 10Y Eurobonds as their respective yields ... read more
The Beirut Stock Exchange (BSE) witnessed an improvement on Wednesday as the BLOM Stock Index (BSI) gained 0.23% to close at 1,187.76 points. In the real estate sector, both Solidere “A” and “B” shares ... read more
According to the Ministry of Industry, the value of industrial exports in the first ten months of 2014 reached $2.66B, down by 7.5% compared to the same period in 2013 and down by 10.6% from the same ... read more
The Lebanese Eurobonds market remained almost unchanged with the BLOM Bond Index (BBI) standing at 107.01 points. The yield on 5Y Lebanese Eurobonds barely slid from 5.24% to 5.23% while the yield of the ... read more
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