Lebanon’s trade deficit for the first month of 2016 stood at $1.31B, widening from the $1.09B registered in the same month last year. Total imports grew by 11.50% year-on-year (y-o-y) to $1.49B while ... read more
The board of directors of Bank of Beirut (BoB) invites its shareholders to an extraordinary general assembly at the bank’s headquarters located in downtown Beirut, Foch Street. The meeting will take place ... read more
Bank Audi SAE, operating in Egypt, recorded a 31.85% growth in its net profits to EGP 586.28M (equivalent to $74.86M). This was triggered by the 33.56% and 37.06% increases in net interest income and net ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.41B in February 2016, recording a 2.41% monthly increase from January’s level. Foreign assets, constituting ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 2 months of 2016, as the total number of passengers increased by a yearly 21.90% to 1.09M. In details, the number of arrivals ... read more
According to data released by the Ministry of Industry, the value of industrial exports reached $2.25B in the first nine months of 2015, down by 5.8% compared to the same period in 2014 and by 14.1% ... read more
The delegation assigned to Credit Libanais’s Chairman, Joseph Torbey, to sell EFG-Hermes’s 63.74% stake in the bank expires at the end of February. The chairman was seeking investors to acquire the stake ... read more
During the first month of 2016, real estate activity reflected the positive vibes deriving from the political talks regarding a potential breakthrough in the lingering presidential impasse. In fact, the ... read more
According to the Lebanese Customs, Port of Beirut (PoB) was the main trading hub of the country in 2015 as 72% of the imports and 52% of the exports passed through its customs office. PoB was closely ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s occupancy rate registered 53% in January 2016, up from 50% in January 2015. Among the MENA countries, Lebanon ranked ahead of ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) continued to show signs of deflation in the first month of the year. The CPI dropped from 97.13 points in January ... read more
Construction activity showed expansion in the first month of 2016. As the latest figures released by the Orders of Engineers in Beirut and the North revealed that the number of permits rose by 16.77% ... read more
According to the Ministry of Finance, transfers to EDL reached $888.37M during the first 9 months of 2015, 40% lower than the $1.49B transferred over the same period in 2014. This decline mainly resulted ... read more
Baalbaki Chemical Industries (BCI) Holdings is the leading independent producer of polyurethane systems, polyester polyols and specialty adhesives in the Middle East and Africa regions. The holding owns ... read more
According to Kafalat, the number and value of issued guarantees rose from 40 and $5.13M in January 2015 to 54 and $7.93M in January 2016. Accordingly and over the same period, the average loan value per ... read more
Activity at the Port of Beirut (PoB) remained buoyant in the first month of 2016 as the port revenues recorded a double-digit yearly increase of 14.75% to $18.37M. Total container activity including ... read more
According to the Association of Lebanese Banks (ABL), gross public debt grew to $70.3B by December 2015, indicating a 5.63% increase on a year-on-year (y-o-y) basis. Public debt denominated in Lebanese ... read more
As part of its Sustainable Energy Finance Program, the International Finance Corporation (IFC), a member of the World Bank Group, with the support of the Government of Canada, extended a $7M loan to the ... read more
According to the Association of Lebanese Car Importers (AIA), the number of newly registered commercial and passenger cars in the first month of 2016 increased by an annual 1.3% to 2,595 cars. In details, ... read more
According to the Central Bank of Lebanon, the assets of commercial banks grew by a yearly 5.86% to $185.99B in 2015. Claims on the resident private sector increased by a yearly 5.90% to $48.05B and claims ... read more
According to the Central Bank of Lebanon, Lebanon’s Balance of Payments deficit widened from $1.41B in 2014 to $3.35B in 2015. This deterioration came about as the net foreign assets of the Central Bank ... read more
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