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
Bank Audi group recognized profits equal to $304.18M in their unaudited financial statements by end-September 2015, equivalent to a 8.68% year-on-year (y-o-y) increase. This growth was driven by the 22.30% ... read more
According to Ernst & Young Middle East hotel benchmark survey, looking at the month of September alone, Beirut’s occupancy rate lost ground, declining by 3 percentage points (p.p). to 53% from ... read more
According to the Central Administration of Statistics (CAS), the consumer price index (CPI) remained on its deflationary trend, dropping from 100.78 in September 2014 to 96.07 (lowest level this year) in ... read more
The Central Bank’s (BDL) balance sheet posted a 1.20% monthly increase in total assets to $92.46B by October 15, 2015. In details, foreign assets (excluding gold), constituting 41.48% of total assets, fell ... read more
Customs activity was negative over the first eight months of 2015 recording yearly drops of 16.09% and 4.70% in terms of value and volume of transported goods. However, the steep decline in the value of ... read more
The number and value of guarantees given by Kafalat declined by 28.96% and 22.79% in the first 9 months of 2015 to 476 worth $66.35M, respectively, compared to 670 guarantees worth $86.71M by September ... read more
The Lebanese Gross Public Debt (GPD) reached $69.19B (LBP 104,302B) in the 1st seven months of 2015, broadening by 5.40% year-on-year (y-o-y) and 3.94% year-to-date (y-t-d). Thus, Lebanon’s public debt ... read more
Chedid Capital Holding (CCH), a Lebanese insurance and reinsurance broker, acquired 50% of City Brokers Ltd, (CBL), an insurance brokerage company based in Mauritius. This acquisition is part of the ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly include the cost of basic salaries, allowances and indemnities paid to employees of the public sector, ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 9 months of 2015 expanded by a mere 0.96% year-on-year (y-o-y) up to ... read more
Lebanon’s trade deficit declined by 19.07% year-on-year (y-o-y) by August, to record $9.57B due to a 17.75% decrease in overall imports outpacing the 10.78% decline in total exports. The prominent trend ... read more
Bank of Beirut S.A.L. announces to the owners of preferred shares class H that the Board of Directors decided in its meeting held on 26/09/2015, to redeem the Class H Preferred shares. This comes ... read more
First National Bank Launched a fund, on the 7th of October 2015, named “First National Dollar Fund“, Authorized by MidClear. The fund will be mainly a mixture of investment in fixed income securities ... read more
On the 17th of March 2015, the general ordinary shareholders assembly of Banque De L’Industrie Et Du Travail (BIT) S.A.L convened to discuss the increase of the bank’s capital. On the 16th of September, ... read more
Total consolidated assets of commercial banks amounted to $181.62B in the first 8 months of the year, a 3.37% growth since year start, and a progression of 6.62% year-on-year (y-o-y). In terms of assets, ... read more
Tourist spending in Lebanon grew 5% y-o-y in the first eight months of 2015, according to “Global Blue”. The improvement of tourists’ spending in the first three quarters of the year came from the ... read more
Lebanon’s Balance of payments (BoP) deficit reached $1.65B by August 2015, almost four times higher than the $432.9M recorded a year earlier. In fact, the deficit level was the worst since 2012 and was ... read more
In its annual Global Competitiveness Index (GCI) 2015-2016 report, the World Economic Forum ranked Lebanon 113th globally (Switzerland being 1st) out of 140 countries and 10th out of the Arab counties ... read more
The Central Bank’s (BDL) balance sheet posted a 0.18% monthly increase in total assets to $91.63B in September 2015. In details, foreign assets, constituting 41.74% of total assets, fell by 0.89% from the ... read more
On the 23th of September 2015, the Beirut Stock Exchange announced that the delisting of Bank Audi preferred shares class “E” will occur on the 29th of the same month. This came after the board’s decision ... read more
The value of cleared checks declined illustrating a slowdown in the Lebanese economy and lower business spending. The value of clear checks fell by 8.33% during the first eight months of the year, as the ... read more
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