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
Despite the improving tourism activity, and the contracting trade deficit, Lebanon’s Balance of Payment (BoP) remained in the red for the first 7 months of 2015, recording a deficit of $1.32B, compared to ... read more
The number and value of guarantees given by Kafalat declined by 28.81% and 23.53% in the first 8 months of 2015 to 415 worth $57.93M, respectively, compared to 583 guarantees worth $72.75M by August 2014. ... read more
Pursuant to its resolution dated June 9, 2015 to cancel all the Series “E” Preferred Shares and increase the Bank’s capital from L.L. 667,836,186,600 to L.L. 668,194,681,824, i.e. by an amount of L.L. ... read more
The value of cleared checks decreased by 8.21% during the first seven months of the year, illustrating lower business spending. In fact, the number of checks cleared by Banque du Liban amounted to 7.18M ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 8 months of 2015 expanded by a mere 1.72% year-on-year (y-o-y) up to ... read more
Lebanon’s trade deficit dropped by 16.90% year-on-year (y-o-y) by July, to record $8.31B due to a 15.53% decrease in overall imports outpacing the 8.44% decline in total exports. The prominent trend of ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly includes the cost of basic salaries, allowances and indemnities, increased by 5.26% in the year of 2014 to ... read more
Ciments Blancs recorded net profit of $2.17M in H1 2015, a 27.65% increase from $1.70M in H1 2014. This occurred, despite a 23.36% yearly decrease in sales to $7.92M by June, due to the average 45% plunge ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first 8 months of 2015, where the total number of passengers increased by 9.53% year-on-year (y-o-y) to 4.80M. The number of arrivals ... read more
The Central Bank’s (BDL) balance sheet posted a 0.96% monthly increase in total assets to $91.47B in August 2015. Even though foreign assets, constituting 42.19% of total assets, fell by 0.57% from the ... read more
According to the unaudited financial statements, HOLCIM recorded a net profit of $2.04 M in H1 2015 compared to $9.38M in H1 2014. Gross profit margin saw a yearly decrease from 30.73% in H1 2014 to 27.90% ... read more
Cement deliveries tumbled during the 1st half of 2015, dropping by 15.59% to 2.36M tons compared to a higher level of 2.80M tons by June 2014. This plunge could be partially attributed to the weakening ... read more
In H1 2015, Solidere S.A.L, Lebanon’s only listed real estate company, witnessed a significant annual growth in revenues to $57.84M, but ended H1 with a net loss of $28.70M due to a provision of $50.51M ... read more
The number of total real estate transactions (local and foreign transactions) stood at 33,796 in the first seven months of the year, with a 12.65% y-o-y (year-on-year) drop from 38,691 by during the same ... read more
According to Rymco’s June balance sheet, the company’s total assets grew by 17% year-on-year to $160.49M while total shareholders’ equity edged up by 1% year-on-year to $50.15M. Rymco’s net income ... read more
According to the financial statements of Bank Audi’s Egyptian subsidiary, net profit surged by 31.47% year-on-year to reach $38.67M. Higher profits came about as net interest income grew from $50.22M at ... read more
According to a statement released by the Beirut Stock Exchange, MENA Invest has been scratched off the list of Brokers. This decision came about after the Central Bank of Lebanon announced it has removed ... read more
Five out of nine custom offices revealed higher volumes of imports in H1, 2015 compared to the same period in 2014 despite the 1.27% y-o-y (year-on-year) decline to 7.53M tons in the overall imports, as ... read more
The Lebanese Gross Public Debt (GPD) reached $69.03B (LBP 104,582B) in H1 2015, broadening by 5.02% year-on-year (y-o-y) and 3.69% year-to-date (y-t-d). Thus, Lebanon’s public debt reached 137.94% of Gross ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon recorded the second largest year-on-year (y-o-y) improvement in its occupancy rate by July, after Egypt. This is in parallel with ... 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