To a large extent, the financial crisis in Lebanon has revealed the “real” value of the Lebanese lira against the dollar. In retrospect, the 1,500 LBP/USD rate has proven to be an unrealistic peg as this ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
Byblos Bank published on 30 October 2021 its un-audited financial results for End-September 2021. As expected, the results were impacted by the current crisis affecting the Lebanese economy and financial ... read more
BLOM Bank published on 30/10/2021 its un-audited, consolidated financial results for Q3 2021. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
Million USD Pharmaceuticals Minerals January 2019 103.2 257.4 February 2019 102.1 241.7 March 2019 118.8 1087.5 Cumulative 324.1 1,586.7 January 2020 89.8 456.8 February 2020 96.8 291.1 March 2020 71.3 ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $658.71M by April 2021, up from last year’s $1,751.01M. In detail, the government revenues (including ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $97.75B in June 2021, thereby recording an annual increase of 4.7%. The rise is mainly ... 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 4,490,413 checks by September 2020 to 2,555,352 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.11% compared to last year, to reach $161.13B by mid of October 2021.The increase was mainly due to the ... read more
Following the devaluation of the Lebanese pound and the removal of subsidies for essential products, purchasing power of the Lebanese has been considerably demolished, and consequently real wages have ... 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) remarkable increase of 86.67% to reach 10,198 permits by August 2021. ... read more
Worldwide fuel crunch and supply chain disruptions are major concerns for aviation industry today. In fact, soaring fuel prices are pushing cost of air transportation to new heights. However, airport ... read more
The IMF released its latest World Economic Outlook in October 2021 that offers an oversight of the global economic situation amidst uncertainty of the pandemic in which it did not reveal the status of the ... 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 up by a yearly 28.87% to ... read more
The latest statistics on activity at the Port of Beirut show an annual increase of 17.67% in the revenues of the Port of Beirut (PoB) to $7.469M by August 2021, compared to last year’s $6.34M. Of course, ... 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) remarkable increase of 97.70% to reach 8,650 permits by July 2021. ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently stated in its automotive report that “A dramatic drop of 37.20% in new cars registered in Lebanon during the first 9 months of 2021 in ... read more
Lebanon’s Long-term political deficiencies precipitated one of the most economic collapses in the modern history. As stated by the World Bank in its latest Spring 2021-Lebanon Economic Monitor, ... read more
According to the Ministry of Finance, transfers to EDL stood at $72.78M by February 2021, dropping by 62.7% compared to the same period last year. This was mainly a result of lower payments to KPC and ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually 11% to reach $1.50BM on the official rate 1507.5 and $140.80M on the parallel rate (16,150 LBP/USD) on March 2021. The ... read more
Frustrated by the ongoing political turmoil in the wake of the worldwide pandemic, Lebanese people are undergoing the worst socio-economic crises in modern history. According to the latest report by United ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 4.13%, year-to-date (y-t-d), and stood at $180.28B in August 2021, according to Lebanon’s consolidated ... read more
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