The number of construction permits experienced a yearly plunge of 14.30% to reach its lowest level in 6 years at 8,652 by July 2015, compared to a higher level of 10,096 in 2014. In this context, the ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) remained on its downtrend, dropping from 100.77 in July 2014 to 96.89 in July of this year, registering a 3.86% ... read more
According to the latest study conducted by RAMCO Real Estate Advisers, covering 345 residential buildings under construction across Municipal Beirut, the average price of a 1st floor is of $3,720 per SQM. ... read more
Bank Audi S.A.L invites all its common shareholders to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 8, 2015 at the Bank’s Head Office located at Audi Plaza Bab ... read more
Fiscal deficit for H1 of 2015 showed a 33.29% year-on-year (y-o-y) expansion to $1.78B compared to the $1.34B deficit recorded H1 of last year. This was partially attributed to the 16.60% yearly decrease ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 7 months of 2015 improved by 1.06% year-on-year (y-o-y) to 23,585 cars ... read more
The slowdown in economic activity had its toll on new projects guaranteed by Kafalat, as the number of guarantees given dropped in the first 7 months of 2015. Kafalat’s guarantees recorded a 29.1% decline ... read more
Retail activity in Lebanon maintained its steady progress over Q1 of 2015 with the number of outstanding payment cards rising by a yearly 9.2% to 2.51M. Notably, total cards held by foreigners fell ... read more
Lebanon’s trade deficit dropped by 18.78% year-on-year (y-o-y) in H1, 2015 to record $7B due to a 16.77% decrease in overall imports outpacing the 6.34% decline in total exports. This was mainly due to ... read more
The unconsolidated financial statements of Odeabank, Bank Audi’s Turkish subsidiary, revealed that the bank registered a $7.14M profit as at the end of June 2015 compared to a loss of $10.86M as at the end ... read more
Total consolidated assets of commercial banks amounted to $180.08B in H1, a 2.50% growth since year start, and an improvement of 6.20% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
In spite of a 21% year-on-year (y-o-y) contraction in trade deficit and an improved performance in the tourism sector, Lebanon’s Balance of Payments (BoP) revealed a deficit of $1.32B in H1 2015, compared ... read more
Despite the 5.20% year-on-year (y-o-y) decline of the overall imports’ tonnage in the first five months of 2015 to 6.05M tons of goods worth $7.1B, four out of nine custom offices revealed higher volumes ... read more
According to the Central Bank of Lebanon, the value of outstanding loans to the private sector rose by 0.47% since year-start to $54.17B by March 2015. The largest category of these disbursed loans is the ... read more
According to the Ministry of Finance, transfers to EDL increased by a yearly 3.3% to reach $2.09B during year 2014. In hindsight, reimbursements for the purchase of gas and fuel from the two suppliers KPC ... read more
Moody’s released its outlook on Lebanon’s Banking system in late July in which it gave a negative view for the year 2015, despite some positive highlights. The banking system is mainly pressured by the ... read more
Lebanon’s touristic sector improved in H1 of 2015 year-on-year (y-o-y), on the back of the low base reached last year, the skiing season that attracted Arab tourists and the improved political and security ... read more
The Lebanese Gross Public Debt (GPD) amounted to $69.37B (LBP 104,582B) by the 5th month of 2015, broadening by 6.58% year-on-year (y-o-y) and 4.21% year-to-date (y-t-d). Hence, Lebanon’s public debt ... read more
The Central Bank’s (BDL) balance sheet recorded a slight 0.09% monthly slip in total assets to $90.60B by end of July 2015. In terms of the assets’ category on in the balance sheet, foreign assets, ... read more
Following Banque du Liban’s approval on the 13th of May 2015, Societé Générale De Banque au Liban increased its capital by $100.0M through the issuance of 10,000 Perpetual, not Listed, non-Cumulative ... read more
BLOM Bank released today its consolidated and unaudited financial results for the first half of 2015. Despite a weak Lebanese economy and a continuing unstable regional environment, the Bank maintained its ... read more
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