On December 16th, 2021, BDL issued circular 161/13384 that allowed people and companies to purchase US dollars at an exchange rate on the Sayrafa platform which is determined by BDL on daily basis. There ... read more
The International Monetary Fund (IMF), led by team leader, Mr. Ernesto Ramirez Rigo, visited Beirut, Lebanon, from May 20 to 23, to discuss recent economic developments and progress on key reforms. At the ... read more
The activity at Rafic Hariri International Airport has decreased in April 2024 for the fourth month in a row after a rise in December 2023 following Gaza war. The prolongation of security issues since the ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $442.5M by March 2024, far less than the surplus over the same period last year of $1,174.6M. Accordingly, Net Foreign Assets (NFAs) ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets declined annually by 9.85% to stand at $103.8B by March 2024 amid BDL’s adoption of a new exchange rate of LBP 89,500 per ... read more
According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) decrease of 11.07% to reach 2,956 permits by April 2024 due to ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets declined by 8.37% compared to last year, to reach $93.56B by end of April 2024, amid adopting the 89,500 LBP/USD ... read more
According to the Customs Administration, Lebanon’s trade deficit totaled $13.99B down from $15.56B during the same period last year. Total imported goods dropped by 4.85% year-on-year (YOY) to $18.13B ... read more
According to the data by the Ministry of Tourism, the number of incoming visitors witnessed an annual drop of 13.52% in the first quarter of 2024, reaching 237,633 by March 2024, compared to 274,787 by ... read more
The following report “Impacts of the Conflict in the Middle East on the Palestinian Economy” by the World Bank Group released in February 2024 delves into the repercussions of the on-going conflict in the ... read more
The activity at Rafic Hariri International Airport has decreased in March 2024 for the third month in a row after a rise in December 2023 following Gaza war. The escalating security issues since the ... 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 decreased remarkably from 159,827 checks by March 2023 to ... read more
Total container activity including transshipment (TEU+TS) slightly increased by a yearly 0.19% to stand at 116,529 twenty-foot equivalent unit (TEU) for the month of February 2024, with transshipment ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $390.6M by February 2024, far less than the surplus over the same period last year of $1,638.1M. Accordingly, Net Foreign Assets ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 19.7% percentage points (pp) by January 2024, down from last year’s percentage ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets declined annually by 9.46% to stand at $104.13B by February 2024 amid BDL’s adoption of a new exchange rate of LBP 89,500 ... read more
In the past few days, Lebanon and MENA FATF Grey List were frequently on economic and financial news in Lebanon and the one million question was “Is Lebanon going to be listed on the grey list this year?” ... 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 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets declined by 8.27% compared to last year, to reach $93.48B by mid-April 2024, amid adopting the 89,500 LBP/USD ... read more
On April 18th, 2024, the International Monetary Fund (IMF) issued a report concerning the regional economic outlook for the Middle East and Central Asia titled “An Uneven Recovery amid High Uncertainty”. ... read more
The International Monetary Fund (IMF) updated its World Economic Outlook (WEO) projections on April 16, 2024 concerning (i) GDP growths and inflation worldwide, (ii) scarring from the crisis, (iii) ... read more
Disclaimer The content of this blog is for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness or accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient.
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here