The BLOM Lebanon PMI for August 2025 rose slightly above the 50.0 no-change threshold to record a 50.3 compared to July’s 48.9, ending five consecutive months of contraction, and signaling a marginal ... read more
The value of cleared checks added a mere 0.42% during the first two months of the year, revealing a timid improvement in consumption levels. In fact, the number of checks cleared by Banque du Liban reached ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.58B in March 2016, recording a 0.18% monthly increase from February’s level and a 6.37% rise from March 2015’s ... read more
Byblos bank invited the common and preferred shareholders to attend the annual ordinary general assembly on the 26th of April 2016, in the Bank’s headquarter in Achrafieh. During the upcoming assembly, the ... read more
According to data released by the Ministry of Industry, the value of industrial exports registered $2.96B by December 2015, down by 6.2% from 2014 and by 12.7% from 2013. In the fourth quarter of 2015 ... read more
According to the Ministry of Finance, personnel costs rose by a yearly 8% to $3.08B by August 2015. The higher spending on personnel salaries came as a result of: A 5% or $102.16M year-on-year increase in ... read more
The fund Cylinder 3 SIF is a mutual fund launched and marketed by BEMO Securitization. The fund was approved by the Capital Markets Authority (CMA) on the 6th of August 2014. According to Midclear, BEMO ... read more
In their latest publication, real estate advisers RAMCO, revealed that 34 office buildings are under construction across Municipal Beirut in 2016, accounting for a total construction area of 194,863 square ... read more
Following four years of frail activity, construction gained momentum by February this year with the number of real estate permits increasing to 2,521, compared to 1,966 in the same period of 2015. Noting ... read more
Lebanon’s trade deficit for the first two months of 2016 stood at $2.46B, widening from the $2.17B registered by February 2015. Total imports grew by 7.93% year-on-year (y-o-y) to $2.87B, while exports ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year 2015. The Bank’s financial statements revealed a surge in its net profits from $121,000 in 2014 to $17.60M in 2015. This was ... read more
Following the 27% yearly drop in 2014, Lebanon’s fiscal deficit widened by 28.62% year-on-year (y-o-y) to $3.95B by the end of 2015. This was attributed to the 11.98% yearly decrease in government revenues ... read more
During the first 2 months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 22.7% y-o-y to reach 12,335. Also, the total value of these ... read more
Bank Audi’s board of directors invited all holders of ordinary shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, Beirut Commercial ... read more
The board of Directors of BLOM Bank S.A.L convened on March 18th, 2016 and recommended to the General Assembly. The General Assembly will be held on the 14th of April, 2016 at 10:00 am in Beirut, Lebanon ... read more
Consumer prices maintained the downward trend during the first two months of 2016 as imported deflationary pressures are still weighing on the prices of Lebanese goods and services since 2015. In this ... read more
The number of industrial permits reached 339 in the second half of 2015 (H2 2015), compared to 320 for the same period in 2014. The highest number of permits, 74, was recorded during the month of August ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s hotel occupancy rate registered 55% by February 2016, up from 53% by February 2015. Among the MENA countries, Lebanon ranked ... read more
Following the extraordinary general assembly’s approval on the 16th of February, Middle East & Africa Bank S.A.L increased its capital from LBP156B (equivalent to $103.48M) to LBP186B (equivalent to ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $70.62B in January 2016, a 6.08% year-on-year (y-o-y) increase and a 0.43% uptick from that of December 2015. ... read more
Following the approval of the extraordinary general assembly on the 22nd of January 2016, Credit Bank S.A.L increased its capital by LBP79.39B (equivalent to $52.67M) to LBP159.62B (equivalent to ... read more
EFG Hermes, the largest publicly traded investment bank in the Arab world approved today the sale of a 40 percent stake (equal to 9.41M shares) in Credit Libanais to Arab and Lebanese investors at $33 per ... read more
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