Lebanon’s Balance of Payments (BoP) recorded a surplus of $131.0M in the first seven months of 2014, compared to a deficit of $957.2M in the same period the prior year, despite the widening trade deficit. ... read more
Kafalat issued 78 guarantees in August 2014, surging up by 41.82% from 55 guarantees in the same month of 2013. The value of loans guaranteed by Kafalat totaled $11.05M in August 2014, up from $6.97M in ... read more
Port of Beirut (PoB) revenues dropped by 2.78% year-on-year (y-o-y) to settle at $141.67M, by August 2014. Imported cars decreased by 2.06%, during the stated period, to 59,897 cars. Likewise, the number ... read more
A new hospital, Family Medical Center (FMC), will officially open late September in Zgharta. FMC is a 12,500 sqm center consisting of 5 floors and 120 beds and is entirely furnished by high-tech medical ... read more
Ernst and Young’s Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate declined by 4 percentage points (pp) year-on-year to reach 36% in July 2014, recording a six-month low. This came as a ... read more
The BLOM Lebanon PMI dropped from 47.9 in July to 45.5 in August, indicating a faster rate of contraction. August’s PMI recorded a six-month low, due to the security issues which hit demand and new orders, ... read more
According to the World Economic Forum, Lebanon ranked 113th out of 144 countries, with a score of 3.7 out of 7 in the Global Competitive Index (GCI) for 2014-2015, compared to a score of 3.8 and a rank of ... read more
According to the Central Bank’s (BDL) balance sheet, total assets registered a 1.31% monthly rise to reach $85.03B by end of August. The bank’s foreign assets edged up by 0.76% to $38.05B and its ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first 8 months of 2014, as the total number of passengers added 2.24% year-on-year (y-o-y) to 4.38M. After some GCC countries lifted ... read more
As stated in the latest released figures by the Association of Car Importers in Lebanon (AIA), by the end of the fifth month of 2014 a rise in the registration of new passenger and commercial cars by 2.13% ... read more
Kafalat issued 85 guarantees in May 2014, a 28.79% increase from the 66 guarantees in May 2013, where total value of loans recorded a 12.62% year-on-year gain to $9.90M. The rise in number of guarantees ... read more
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