Lebanon’s Central Bank’s (BdL) revealed a 0.25%monthly up tick by Mid-December in its total assets to $92.66B compared to $92.43B by November 15. In addition, an 8.12% growth in total assets from $85.70B ... read more
According to the Ministry of Finance, transfers to EDL reached $386.43M up to April 2015, significantly lower than the $731.84M over the same period in 2014. Excluding EDL’s debt service, the ... read more
Baalbacki Chemical Industries (BCI) Holding S.A. the specialty chemicals subsidiary of Lebanese Group Unimetco Holding inaugurated its new polyesters and pre-polymers manufacturing facility in the United ... read more
The Lebanese Gross Public Debt (GPD) reached $69.04B (LBP 104,081B) by end October, widening by 4.28% year-on-year (y-o-y) and 3.71% since the start of the year. Accordingly, Lebanon’s public debt reached ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 11 months of 2015 increased by 3.79% year-on-year (y-o-y) to 38,037 ... read more
Notre Dame University (NDU) has concluded the technical studies to open a new hospital adjacent to the campus in Louaize. Work on the project will start in 2016 and is expected to be completed in three ... read more
Total consolidated assets of commercial banks hit $182.27B by October, a 3.74% growth since year start, and an expansion of 6.42% year-on-year (y-o-y). In terms of assets, total reserves, with a weight of ... read more
The number and value of guarantees given by Kafalat declined by 22.49% and 17.73% in the first 11 months of 2015 to 796 worth $84.97M, respectively, compared to 796 guarantees worth $103.28M by November ... read more
Lebanon’s Balance of payments (BoP) deficit reached $2.17B by October 2015 compared to a lower deficit of $867.7M by October 2014. The deterioration in the BoP is mainly linked to the decline in capital ... read more
In its quarterly analysis for Q1, 2016, Business Monitor International assessed each of the strengths, weaknesses, opportunities and threats (SWOT) of the Lebanese economic scene. In terms of strengths, ... read more
Trade activity at Lebanon’s main customs offices was down during the first ten months of the 2015. Total imports fell by a yearly 16% to $14.69B while total exports fell by a yearly 11% to $2.49B. The ... read more
Activity at the Rafic Hariri International Airport (RHIA) progressed during the first 11 months of 2015, where the total number of passengers increased by 10.5% year-on-year (y-o-y) to 6.62M. The number of ... read more
The unconsolidated financial statements of Odeabank, Bank Audi’s Turkish subsidiary, posted $12.85M net profits up to September 2015, compared to a $3.85M loss in the same period of 2014. In fact, over the ... read more
Lebanon’s trade deficit declined by 18.36% year-on-year (y-o-y) by October, to $11.97B, caused by the 19.13% decrease in overall imports, surpassing the 10.66% decline in total exports. The decrease in ... read more
The Central Bank’s (BDL) balance sheet posted a minor monthly drop of 0.18% to $91.94B, by November 2015. Gold reserves, constituting 10.60% of total assets dropped 8.01%, following the 5.81% monthly drop ... read more
The number of construction permits saw an 11.76% year-on-year (y-o-y) drop to reach 12,559 by October 2015, compared to a higher level of 14,233 during the same period last year. In the same context, the ... read more
Fiscal deficit, for the first three quarters of 2015, broadened 17.38% year-on-year (y-o-y) to $2.61B. This was attributed to the 8.61% yearly decrease in revenues outpacing the 2.91% annual decline in ... read more
The newly released statement of income by Bank Audi’s Egyptian subsidiary revealed a 40% yearly surge in net profit from $42.84M for the period ended September 2014 to $59.87M for the period ending ... read more
According to the 2015 edition of the World Economic Forum’s Global Gender Gap Index, Lebanon ranked 138th out of 145 countries. With this rank, Lebanon earned a score of 0.598, whereby 0 represents ... read more
According to Ernst & Young’s Middle East hotel benchmark survey, health concerns deterred tourists and travelers from visiting Lebanon as shown by the 6 percentage points (pps) drop in the hotel ... read more
According to the Association of Lebanese banks, the value of cleared checks decreased by 7.69% from $65.61B by October 2014 to $60.57B by October 2015. Over the same period, the number of cleared checks ... read more
Disclaimer The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here