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 consolidated balance sheet of Lebanon’s commercial banks revealed a 0.11% progress in assets from December 2015’s level of $185.99B to $186.20B in January 2016, which reflected to a 5.95% year-on-year ... read more
According to the World Economic Forum, Lebanon ranked 125th out of 126 countries in the global Energy Architecture Performance Index (EAPI). The index focuses on tracking specific indicators to measure the ... read more
According to the Ministry of Tourism, the number of tourists who visited Lebanon in the first two months of the year increased by a yearly 9% and totaled 191,808. Arab tourists, accounting for 36% of total ... read more
As part of the Lebanon Industry Value Chain Development (LIVCD) project, the United States Agency for International Development (USAID) granted olive farmers 318 mechanical harvesters that run on ... read more
As part of the Lebanese Ministry of Telecommunication’s 2020 5-year plan, the mobile network Alfa, managed by Egypt’s Orascom Telecom, has signed contracts with Ericsson and Nokia to set up the 4.5G ... read more
Jean El Khoury, owner and partner in several hotels in Jbeil, has launched new construction projects in Byblos and Laklouk to be completed by 2017. The Majestic Hotel is a four-star property to be built in ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars improved during the first 2 months of 2016 by 14.23% year-on-year (y-o-y) to 5,586 cars. ... read more
According to Kafalat, the number and value of issued guarantees increased from 87 and $10.48M by February 2015 to 118 and $17.76M by February 2016. Accordingly, the average loan value per project increased ... read more
Lebanon’s Balance of payments (BoP) recorded a $718.7M deficit in January 2016 compared to a lower deficit of $280.2M by January 2015. The deterioration in the BoP is mainly linked to the decline in ... read more
Fiscal deficit, for the first 11 months of 2015, widened by 7.17% year-on-year (y-o-y) to $3.24B. This was attributed to the 5.63% yearly decrease in government revenues outpacing the 2.62% annual decline ... read more
Payment cards saw progressing appetite in 2015 following the ongoing and aggressive retail campaigns of the Lebanese banks to boost demand for alternative noncash payment methods. As a result, the number ... read more
In January 2016, the total number of cleared checks slid by 2.46% year-on-year (y-o-y) to reach 1.01M, coupled with a 1.36% yearly decline in value to $5.77B. The number of checks denominated in Lebanese ... read more
Lebanon’s trade deficit for the first month of 2016 stood at $1.31B, widening from the $1.09B registered in the same month last year. Total imports grew by 11.50% year-on-year (y-o-y) to $1.49B while ... read more
The board of directors of Bank of Beirut (BoB) invites its shareholders to an extraordinary general assembly at the bank’s headquarters located in downtown Beirut, Foch Street. The meeting will take place ... read more
Bank Audi SAE, operating in Egypt, recorded a 31.85% growth in its net profits to EGP 586.28M (equivalent to $74.86M). This was triggered by the 33.56% and 37.06% increases in net interest income and net ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.41B in February 2016, recording a 2.41% monthly increase from January’s level. Foreign assets, constituting ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 2 months of 2016, as the total number of passengers increased by a yearly 21.90% to 1.09M. In details, the number of arrivals ... read more
According to data released by the Ministry of Industry, the value of industrial exports reached $2.25B in the first nine months of 2015, down by 5.8% compared to the same period in 2014 and by 14.1% ... read more
The delegation assigned to Credit Libanais’s Chairman, Joseph Torbey, to sell EFG-Hermes’s 63.74% stake in the bank expires at the end of February. The chairman was seeking investors to acquire the stake ... read more
During the first month of 2016, real estate activity reflected the positive vibes deriving from the political talks regarding a potential breakthrough in the lingering presidential impasse. In fact, the ... read more
According to the Lebanese Customs, Port of Beirut (PoB) was the main trading hub of the country in 2015 as 72% of the imports and 52% of the exports passed through its customs office. PoB was closely ... read more
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