The contraction in the private sector’s economy seemed to have pulled the brakes during this summer. Economic indicators already point out to sustained signs of enhancement in private sector operating ... read more
Billion LBP October 2019 March 2020 December 2020 December 2021 March 2022 Total Domestic Debt: 82,260 87,935 89,762 93,247 92,396 BDL 44,967 51,501 55,079 58,002 58,951 Banks 26,046 24,916 23,157 21,200 ... read more
The tourism sector in Lebanon looks very different two years after severely affected by shutdowns, travel restrictions and the social unrest erupted since end of 2019. Fortunately, numbers shows that ... read more
In its latest ratings on Lebanon, S&P affirmed the “SD/SD (selective default) foreign currency ratings and our CC/C local currency ratings on Lebanon. The outlook on the long-term local currency rating ... 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
For the first seven month of year 2022, Lebanon’s trade deficit totaled $8.10B up from $5.68B registered in the same period last year. Total imported goods added 35.15% year-on-year (YOY) to $10.74B while ... read more
The activity at Rafic Hariri International Airport improved remarkably in the first seven month of 2022. The number of Beirut’s International airport passengers added 65.05% and recorded 3,389,753 ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 42.6% percentage points (pp) by May 2022, up from last year’s percentage of ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 8.02% compared to last year, to reach $171.07B by mid of August 2022. The increase was mainly due to the ... read more
In its Food Security Update, published on August 11, 2022, the World Bank reported that “record high food prices have triggered a global crisis that will drive millions more into extreme poverty, ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs increased annually by 0.7% to reach $5.48B at the official rate of 1507.5 LBP per USD, by October 2021, compared to $5.44B during same ... read more
In its latest World Economic Outlook of July 2022, the IMF stated that “global economy is facing an increasingly gloomy and uncertain outlook”, and perhaps, it is one of its biggest tests since the Second ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $2.57B by June 2022, compared to a deficit of $1.81B 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 5.61% to stand at $170.92B by June 2022. On the assets side, currency and deposits with Central Bank ... read more
In a report published on August 3rd, 2022, and titled “Lebanon Public Finance Review: Ponzi Finance?, the World Bank (WB) purports that “public finance in post-civil war Lebanon has been an instrument for ... read more
The Association of Car Importers in Lebanon (denoted as AIA) stated in its recent automotive report that “The continuous Downfall of New Cars Registered in Lebanon since 2018 to reach in June 2022 a ... read more
Byblos Bank published on 29/7/2022 its un-audited, consolidated financial results for end June 2022. As expected, the results were impacted by the current crisis affecting the Lebanese economy and ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 6.64% compared to last year, to reach $169.41B by end of July 2022. The increase was mainly due to the 27.75% ... read more
BLOM Bank published on 30/7/2022 its consolidated but un-audited financial results for H1 2022. The results obtained were naturally affected by the impact of the financial and economic crisis that has ... 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 1,881,673 checks from June 2021 to 1,013,924 ... 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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