Credit rating agency Standard & Poor’s (S&P) asserted Lebanon’s government bond rating at B-/B for long- and short-term foreign and local currency bonds, with a stable outlook, on the 27th of March ... read more
Bank of Beirut S.A.L invites all shareholders owning a preferred class “J” share to attend an Extraordinary General Meeting to be held at 3:00 pm on Tuesday April 14, 2015 at the Bank’s Head Office located ... read more
The value of cleared checks decreased by 6.59% during the first two months of the year, revealing lower business spending. In fact, the number of checks cleared by Banque du Liban reached 1.97M worth ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) remained in the red, recording a negative change in CPI year-on-year (y-o-y) for a 3rd consecutive month. The CPI ... read more
The board of Directors of BLOM Bank S.A.L convened on March 20th, 2015 and decided to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 15th, 2015 at 11.00 ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $66.57B in January 2015, 4.09% year-on-year (y-o-y) while maintaining the same amount of that of December ... read more
The Alpha Group’s balance sheet showed that the 12% annual rise in the value of loans to customers to $59.85B lifted total assets by a yearly 10% to $194.57B in 2014. Net provisions for credit losses ... 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, and Beirut Commercial ... read more
After announcing its intention to redeem and cancel all of the issued Preferred Shares 2009 Series 1, First National Bank (FNB) executed the redemption on March 13, 2015 after holders of the mentioned ... read more
January 2015 revealed the lowest number of authorized construction permits since 2011. In fact, and according to figures released by the Orders of Engineers in Beirut and the North, construction permits ... read more
The Beirut Stock Exchange (BSE) ended the week in the green, where 5 stocks increased in price, while one stock was traded with no change in price. Hence, the BLOM Stock Index (BSI) gained 0.58% to ... read more
According to Enst & Young Middle East hotel benchmark survey, Lebanon recorded the largest year on year (y-o-y) improvement in its occupancy rate, after Egypt. Lebanon’s occupancy rate progressed 13 ... read more
ODEABANK, Bank Audi’s Turkish subsidiary, recorded a year end net profit of $132,443 in 2014 compared to a net loss of $52.31M witnessed in 2013. In details, interest income surged by 143.30% year-on-year ... read more
Insurance companies in Lebanon recorded a 5.3% yearly growth in the number of non-life insurance premiums during 2014, according to Al Bayan Economic Magazine. The exclusive report showed that even though ... read more
Total real estate transactions (local and foreign transactions) hit a 6 year low by February 2015, declining 26.73% year-on-year (y-o-y) to list 7,531 total transactions worth $1.00B. Following a partial ... read more
Commercial areas are reshuffling in Beirut’s main streets hand in hand with the changing perception for hotspot locations of the Food & Beverage (F&B) industry’s operators. According to RAMCO, 4 ... read more
Lebanon’s trade deficit shrank by 33.06% year -on-year (y-o-y) in January 2015 to stand at $1.09B due to an increase in overall exports of 2.55% from January 2014 and a decline in imports by 28.42%. Total ... read more
After the approval of the Lebanese Capital Market Authority (CMA) on the 26th of January 2015, Bank Audi SAL will promote Certificates of Participation in Odea Bank Sub-Loan. By this, Bank Audi will lend ... read more
Bank Audi SAE, operating in Egypt, recorded a 19.79% growth in its net profits to $58.28M. This was triggered by the 14.71% and 29.62% increases in net interest income and net income from fees and ... read more
Lebanon’s main port, Port of Beirut, saw its revenue shrink 7.52% year-on-year (y-o-y) in the first 2 months of 2015 to $32.05M. This might be attributed to truckers’ stikes protesting against the project ... 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 2.35% in the two thirds of ... read more
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