Bank of Beirut (BoB) witnessed a 12.03% annual rise in its net income over the first nine months of the year to $138.02M. This increase can be traced back to the 41.42% surge in net income from securities ... read more
Bank of Beirut S.A.L. announced to the owners of preferred shares class “H” that the Board of Directors decided in its meeting held on 26/09/2015, to redeem the 2.5M Class “H” preferred shares on the last ... read more
BLOM Bank announced its financial results for the first three quarters of 2015. The results are quite robust, considering the slowdown in the Lebanese economy and the political troubles facing the country. ... read more
Byblos Bank’s net profits barely grew by 0.26% year-on-year (y-o-y) to $113.08M in the first three quarters (Q3) of 2015. Worth mentioning, that the Bank reported a strong adequacy ratio, which amounted to ... read more
Cement deliveries tumbled during the 8 months of 2015, dropping by 12.20% to 3.24M tons compared to a higher level of 3.69M tons by August 2014. This plunge could be partially attributed to the weakening ... read more
The Lebanese Gross Public Debt (GPD) amounted to $68.88B (LBP 103,838B) in the first eight months of 2015, widening by 4.59% year-on-year (y-o-y) and 3.47% since the start of the year. Accordingly, ... read more
The number of construction permits witnessed a yearly drop of 12.51% to reach its lowest level in 6 years at 11,227 in the first 9 months of the year, compared to a higher level of 12,833 during the same ... read more
Total real estate transactions (local and foreign transactions) stood at 45,293 in the first 9 months of the year, with a 12.18% yearly decline from 51,572. Furthermore, those total transactions were worth ... read more
Lebanon’s touristic sector progressed to reach 1.18M tourists by September 2015, its highest level in 3 years. According to the Ministry of Tourism, the number of incomers by September 2015 surged by ... read more
Bank Audi group recognized profits equal to $304.18M in their unaudited financial statements by end-September 2015, equivalent to a 8.68% year-on-year (y-o-y) increase. This growth was driven by the 22.30% ... read more
According to Ernst & Young Middle East hotel benchmark survey, looking at the month of September alone, Beirut’s occupancy rate lost ground, declining by 3 percentage points (p.p). to 53% from ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) remained on its deflationary trend, dropping from 100.78 in September 2014 to 96.07 (lowest level this year) in ... read more
The Central Bank’s (BDL) balance sheet posted a 1.20% monthly increase in total assets to $92.46B by October 15, 2015. In details, foreign assets (excluding gold), constituting 41.48% of total assets, fell ... read more
Customs activity was negative over the first eight months of 2015 recording yearly drops of 16.09% and 4.70% in terms of value and volume of transported goods. However, the steep decline in the value of ... read more
The number and value of guarantees given by Kafalat declined by 28.96% and 22.79% in the first 9 months of 2015 to 476 worth $66.35M, respectively, compared to 670 guarantees worth $86.71M by September ... read more
The Lebanese Gross Public Debt (GPD) reached $69.19B (LBP 104,302B) in the 1st seven months of 2015, broadening by 5.40% year-on-year (y-o-y) and 3.94% year-to-date (y-t-d). Thus, Lebanon’s public debt ... read more
Chedid Capital Holding (CCH), a Lebanese insurance and reinsurance broker, acquired 50% of City Brokers Ltd, (CBL), an insurance brokerage company based in Mauritius. This acquisition is part of the ... 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
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 9 months of 2015 expanded by a mere 0.96% year-on-year (y-o-y) up to ... read more
Lebanon’s trade deficit declined by 19.07% year-on-year (y-o-y) by August, to record $9.57B due to a 17.75% decrease in overall imports outpacing the 10.78% decline in total exports. The prominent trend ... read more
Bank of Beirut S.A.L. announces to the owners of preferred shares class H that the Board of Directors decided in its meeting held on 26/09/2015, to redeem the Class H Preferred shares. This comes ... read more
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