The Lebanese gross public debt amounted to $69.21B (LBP 104,338B) by February 2015, widening by 6.48% year-on-year (y-o-y) and 3.97% year-to-date (y-t-d). This equivalent to 138.64% of Lebanon’s GDP. Debt ... read more
Byblos Bank’s board of directors invited all shareholders for an ordinary annual general assembly that will be held at the bank’s headquarters in Ashrafieh, Elias Sarkis Avenue on May 15, 2015 at 11:30 ... read more
BLOM Bank announced today its financial results for the first quarter of 2015. The results are quite robust, considering the slowdown in the Lebanese economy and the political troubles facing the region. ... read more
According to Kafalat, the number of granted guarantees dropped from 208 in the first quarter of 2014 (Q1 2014) to 143 in Q1 2015 and their value fell from $26.8M in Q1 2014 to $19.6M in Q1 2015. In terms ... read more
According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s occupancy rate improved from 40% in March 2014 to 54% in March 2015 as a result of the Arabnet Beirut Conference 2015, the largest event ... read more
Lebanon’s touristic sector improved in the first quarter 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 enhanced ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) has been prone to deflationary pressures in Q1 2015 compared to Q1 2014. The CPI dropped from an average of ... read more
Total real estate transactions (local and foreign transactions) recorded 12,948 transactions worth $1.62B by March, declining 18.23% year-on-year (y-o-y). Following a 16.26 % partial recovery of real ... read more
Bank Audi’s consolidated income statement showed a 17% year-on-year growth in net profits to $100M in the first quarter of 2015. Net interest margin and net fee and commission income grew by 19% and 14% to ... read more
Lebanon’s fiscal deficit contracted by 27.19% in 2014 to reach $3.07B by end of year, coupled with a primary surplus (which excludes debt services) of $1.31B, compared to the $239.68M primary deficit ... read more
The Lebanese car importers extended their contracting performance by March 2015, mirroring the economic slowdown that was overshadowing Lebanon in the past few years and heavily impacting their car sales. ... read more
Following 2 months of dwindling activity, Port of Beirut saw its revenues dropping by 1.61% y-o-y to $50.70M by March 2015, compared to the faster 7.5% yearly slump in revenues witnessed as of February of ... read more
The Ordinary General Assembly of BLOM Bank’s shareholders s.a.l convened on April 15, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare gross distribution of $153.60M ... read more
Holcim invited its shareholders to an ordinary general assembly, scheduled for May 28th, 2015 at 10:00 a.m in the “Le Royal” hotel in Dbayeh. The assembly will discuss several points, including dividend ... read more
Tourist spending in Lebanon grew 11% y-o-y in the first three months of 2015, according to data on VAT refund transactions from “Global Blue”. The improvement of tourists’ spending in the first quarter of ... read more
Bank of Beirut S.A.L invites all common shareholders to attend the Annual Ordinary General Meeting to be held at 10:30 am on Friday April 24, 2015, at the Bank’s Head Office located on Foch Street, Beirut ... read more
The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 7th, 2015 to look upon the Bank’s accounts for the year 2014. In addition, Bank Audi declared April 14th as its record date ... read more
The Lebanese Ministry of Finance (MoF) recently released a report regarding “Salaries, Wages and Related Benefits” for the period Jan-Sept 2014 revealing a 7.7% y-o-y progress from the same period in 2013. ... read more
Construction activity lost momentum by February this year with the number of real estate permits decreasing by yearly 26.78% in the first two months of 2015 to 1,966, compared to 2,685 in 2014. Noting that ... read more
Lebanon’s Central Bank’s (BdL) revealed a 0.71% monthly growth in its total assets to $88.84B in March 2015. However, foreign assets at the BdL experienced a 1.06% month-on-month (m-o-m) decline to ... read more
Lebanon’s trade deficit plunged by 30.03% year-on-year (y-o-y) by February 2015 to stand at $2.17B due to a 26.18% decrease in overall imports outpacing the 2.09% decline in total exports. Total imports, ... read more
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