Total consolidated assets of commercial banks amounted to $183.18B in the first 11 months of 2015, recording a 4.26% growth since year start, and an expansion of 6.37% year-on-year (y-o-y). In terms of ... read more
According to Global Blue, tourist spending in Lebanon increased by a yearly 2% in 2015. This improvement is linked to the recovery in the number of tourist arrivals in 2015; According to the Ministry of ... read more
The number and value of guarantees given by Kafalat declined by 19.21% and 14.83% during 2015 to 676 worth $93.31M, respectively, compared to 838 guarantees worth $109.55M by December 2014. The average ... read more
According to Midclear, Societe Generale de Banque au Liban S.A.L. (SGBL) fully redeemed the 10,000 preferred shares class 2010 on January 12, 2015 after full payments were made to their shareholders. The ... read more
According to the Central Bank, the deficit of Lebanon’s Balance of Payments widened from $1.29B by November 2014 to $2.98B by November 2015. The wider deficit came about as the Net Foreign Assets of ... read more
Business Monitor International (BMI) maintained its compounded annual growth rate (CAGR) for the medical devices market in Lebanon at 7.1% for the period 2014-2019, down from 8% in 2009-2014. The size of ... read more
The number of construction permits saw a 10.60% year-on-year (y-o-y) drop to reach 13,727 by November 2015, compared to a higher level of 15,355 during the same period last year. In the same context, the ... read more
Beesline, Lebanese manufacturer of cosmetics, will open a 4,000 sqm factory in the industrial zone of Bchamoun in 2016. The company is owned by the pharmacists Mohamad and Maha Arayssi. Investment in the ... read more
The number of land transactions (local and foreign transactions) stood at 37,062 in the first 11 months of the year, with a 15.09% yearly decline from 43,646 by last November. Those total transactions were ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly include the cost of basic salaries, allowances and indemnities paid to employees of the public sector, ... read more
The Central Bank’s (BDL) balance sheet revealed an increase of 6.07% annually in total assets to $90.90B by End-December 2015. Foreign assets, constituting 40.80% of total assets, inched down by 2.04% ... read more
Following Banque du Liban’s approval on the 30th of September 2015, Lebanon & Gulf Bank S.A.L increased its capital by $20.0M through the issuance of 200,000 perpetual, non-cumulative redeemable ... read more
Following the general assembly’s approval on the 4th of November, Cedrus Bank S.A.L increased its capital by $9.95M to $17.91M by issuing 1.5M nominal shares with a value of $6.63/share. These shares were ... read more
The value of cleared checks fell by 7.61% during the first 11 months of the year, which might be due to lower business spending, and the fact that people are possibly substituting payments via checks with ... read more
Total real estate transactions (local and foreign transactions) stood at 56,637 in the first 11 months of the year, with a 10.56% yearly decline from 63,322 by last November. Furthermore, those total ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s occupancy rate stood 5th at 56% by November (same as Jordan) amongst the MENA countries, ahead of Egypt, Bahrain, and Kuwait, ... read more
According to Credit Libanais’ Income Statement, the bank’s net profit posted a 19% year-on-year upturn to $53.75M by September. The higher profit came about as net interest income grew by a yearly 11% to ... read more
According to the Central Administration of Statistics (CAS), consumer prices in Lebanon fell by 3.90% in November since the Consumer Price Index (CPI) declined from 100.50 in November 2014 to 96.60 in ... read more
Lebanon’s touristic sector improved to reach 1.39M tourists by November 2015, its highest level in 4 years. According to the Ministry of Tourism, the number of incomers by November 2015 surged by 14.13% ... read more
Following the approval of the board of directors and the Capital Markets Authority (CMA), IBL Bank decided to issue $40M subordinated bonds maturing in 2025, on the 10th of December 2015. These bonds are ... read more
Cement deliveries tumbled during the first 9 months of 2015, dropping by 12.19% to 3.71M tons compared to a higher level of 4.22M tons by September 2014. This plunge could be partially attributed to the ... read more
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