Concerning the Lebanese economy and its ongoing challenges within the sovereign, banking, economic and exchange rate calamities, the widespread anti-government protests continued during month of March ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to 18% by December 2020, down from last year’s registered 68% during the same ... read more
BLOM Bank published on 1/3/2021 its un-audited, consolidated financial results for year 2020. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $10.55B by December 2020, compared to a deficit of $5.85B over the same period last year. Accordingly, Net foreign Assets ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 13.26%, year-to-date (y-t-d), to stand at $188.04B in December 2020. The resources of the Lebanese banks are ... read more
We are barely surviving, people in Lebanon are growing more desperate day by day. The terrifying economic situation is posing the biggest threat to the country’s stability with triple digit inflation and a ... read more
Beirut-Rafik Hariri International Airport, like other airports around the world, experienced a significant decrease in passengers in 2020 largely due to the Covid19 pandemic. The number of Beirut’s ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.58% compared to last year, to reach $150.53B by mid of February 2021. The increase was mainly due to the ... read more
By October 2020, Lebanon’s trade deficit totaled $6.09B, narrowing from the $13.51B registered in the same period last year. In fact, total imported goods retreated by 45.4% year-on-years (YOY) to $9.07B ... read more
Lebanon has overtaken Zimbabwe and took the second place in the ranking of the world’s highest inflation rates after Venezuela. According to the Central Administration of Statistics (CAS), the Consumer ... read more
For more than a year, Lebanon has been under a severe economic and financial crisis, followed by COVID-19 and the explosion of the Port of Beirut (PoB). According to ESCWA’s report, higher unemployment ... read more
A new privatization Report, published in January 2021 by the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut and titled “Privatization of Lebanon’s ... read more
As per the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 9.93M checks by December 2019 to 5.85M checks by ... read more
Byblos Bank released its unaudited consolidated financial results for end of 2020 this week. Byblos Bank recorded in 2020 a total of $ 61.07 million in net losses, which is mainly attributed to the ... read more
According to the Ministry of Finance, transfers to EDL stood at $631.39M by August 2020, dropping by 37.1% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more
The Board of Directors of BLOM Bank SAL (the Bank) conveyed on Monday, January 25,2021 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more
The Port of Beirut is the main port in Lebanon on Beirut’s northern Mediterranean coast, and it was the largest and the busiest port on the eastern Mediterranean just before the massive explosion caused by ... read more
Statistics showed that Lebanon’s real estate sector is a stable investment opportunity even during the country’s worst economic crisis. The increase in real estate activity mainly reflects the continuous ... read more
Moody’s assigned a sovereign credit rating of C to Lebanon. The C rating reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 5.56% compared to last year, to reach $149.85B by the end of January 2021. The increase was mainly due to the ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $95.51B in November 2020, thereby recording an annual increase of 6.74%. The rise is mainly ... read more
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