The latest statistics on activity at the Port of Beirut show an annual decrease of 17.69% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
BDL issued Intermediate Circular 13495 on I/11/2022 in which it stated two articles. Article 1 reduces by 50% the interest rate it pays Banks on their long-term USD deposits at BDL; however, BDL will ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs slightly increased annually by 0.1% to reach $6.56B at the official rate of 1507.5 LBP per USD, by December 2021, compared to $6.55B by the ... read more
Byblos Bank published on 28/10/2022 its un-audited, consolidated financial results for end September 2022. As expected, the results were impacted by the current crisis affecting the Lebanese economy and ... read more
BLOM Bank published on 31/10/2022 its consolidated but un-audited financial results for Q3 2022. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s monthly ... read more
According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of Real estate (RE) transactions which may include one or more realties, went down by a yearly 21.05% to ... read more
According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 2,555,352 checks from September 2021 to ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 14.66% compared to last year, to reach $184.75B by mid of October 2022. The increase was mainly due to the ... read more
The activity at Rafic Hariri International Airport improved remarkably in 2022. The number of Beirut’s International airport passengers added 55.56% and recorded 4,834,029 passengers by September 2022 ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.72B in June 2022, thereby recording an annual increase of 4.1% YOY. The rise is mainly ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) revealed that Lebanon’s monthly inflation rate jumped from 137.75% in August 2021 to 161.89% in August 2022. In ... read more
On 12/10/2022, the Central Bank issued a new circular no. 646 stating that clients are allowed to make advance payments without the approval of BDL on the following loans: Housing loans Study Loans ... read more
The latest statistics on activity at the Port of Beirut show an annual decrease of 15.03% in the revenues of the Port of Beirut (PoB) to $6.40M by October 2021, compared to last year’s $7.54M. We note that ... read more
In its latest World Economic Outlook of October 2022, the IMF stated that “the global economic activity continues to face steep challenges, shaped by the Russian invasion of Ukraine, a cost of living ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 49.9% percentage points (pp) by July 2022, up from last year’s percentage of ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs increased annually by 1.8% to reach $6.04B at the official rate of 1507.5 LBP per USD, by November 2021, compared to $5.93B during same ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $3.1B by August 2022, compared to a deficit of $2.37B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 6.40% to stand at $168.74B by August 2022. On the assets side, currency and deposits with Central ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 11.91% compared to last year, to reach $178.31B by end of September 2022. The increase was mainly due to the ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s monthly ... read more
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