Total real estate transactions inched up by a yearly 1.84% during the first eight months, to reach 45,509 transactions. However taking the months of July and August 2014 alone, the number of transactions ... read more
The net sales of “Societe Libanaise des Ciments Blancs”, HOLCIM’s subsidiary, leaped by 11.42% y-o-y, from $7.13M to $7.92M, which boosted profits by 8.97% from June 2013 to $1.70M. By the end of H1 2014, ... read more
Bank Audi has completed a US$ 300 million capital increase by way of (i) a US$ 240 million rights offering of common shares initially to existing shareholders (including GDR holders) of the Bank and (ii) a ... read more
The Lebanese gross public debt reached $65.62B in the first seven months of 2014, rising by 8.92% from its value in the same period last year. Debt in domestic currency, grasping a share of 60.28% of total ... read more
The Cabinet Formation in mid-February failed to boost investors’ sentiment that remained mostly stagnant. The number of construction permits slipped by 0.68% y-o-y to 11,311, noting that permits are ... read more
Ernst and Young’s Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate increased by 12 percentage points (pp) year-on-year (y-o-y) to stand at 60% in August 2014. This triggered Revenue per ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon, in the first eight months of 2014, has displayed a 0.68% year-on-year (y-o-y) improvement, bringing the total number up from ... read more
Inflation rate reached 2.73% year-on-year (y-o-y) where the Consumer Price Index (CPI) increased to 101.01 in August 2014, compared to 98.32 in the same month last year (noting that this level is adjusted ... read more
BEMO Securitization (BSEC) closed the Kettaneh Auto-Fund SIF, the first securitization transactions for F.A. Kettaneh, the exclusive importer of Audi, Volkswagen, and Skoda cars. The Auto-Fund has been ... read more
On the Business Monitor International Risk Ratings, Lebanon scored 46.3 over 100 on the composite risk rating, ranking 14 out of the 19 Middle Eastern countries. All ratings are between 1 and 100, where a ... read more
According to ARA Marketing Research and Consultancy, the Consumer Confidence Index (CCI) recorded an 8 points monthly drop to 77 points in August. The decline was due to the clashes that occurred between ... read more
A multi-donor trust fund, the Lebanon Syrian Crisis Trust Fund (LSCTF), which is aimed at assisting Lebanese communities accommodating Syrian refugees, launched its first project on the 12th of September, ... read more
The Central Bank’s (BDL) balance sheet, revealed a 0.71% monthly rise in total assets to $85.26B by mid-September, mostly due to the 1.37% rise in its holding of foreign assets. Foreign assets (excluding ... read more
Business Monitor International’s (BMI) report on Lebanon’s pharmaceuticals and healthcare reveals that Lebanon’s Pharmaceutical Risk/Reward Rating (RRR), for the fourth quarter (Q4) of 2014, stood at 53.9 ... read more
During the first half of 2014, RYMCO’s net income plunged by 28.77% year-on-year (y-o-y), to $1.53M. This came as a result of 15.18% surge in cost of goods sold, that exceeded the 8.92% increase in net ... read more
HOLCIM’s net income rose by 15.17% year-on-year (y-o-y), to $9.38M end of H1 2014, due to the 4.92% increase in net sales to $93.21M and the 0.83% drop in production costs to $37.95M. On the balance sheet, ... read more
During the ordinary general assembly, Bank of Beirut’s (BoB) shareholders agreed to redeem BoB preferred shares class “F” that were issued in 2009 for 5 years, and whose holding period ends the last ... read more
Bank Audi s.a.l. – Audi Saradar Group invites all common shareholders to attend an Extraordinary General Meeting to be held at 10:30 am on Tuesday September 23, 2014 at the Bank’s Head Office located at ... read more
According to the Association of Car Importers in Lebanon (AIA), there was a 5.32% increase in the number of registered new passenger and commercial cars, reaching 26,901 vehicles by August, compared to the ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit widened by 7.33% year-on-year (y-o-y) to reach $840.01M in the first quarter (Q1) of 2014. This came as a result of 8.58% y-o-y growth in ... read more
The consolidated balance sheet of commercial banks revealed a 2.98% year-to-date (y-t-d) growth in total assets to $169.74B by July, and a gain of 7.56% year-on-year. Reserves, grasping a share of 35.00% ... read more
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