The global economy has recovered in 2021, even as the pandemic resurges. However, the rapid spread and the threat of new variants (Omicron) have increased uncertainty as to how quickly the pandemic can be ... 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 March 2022 a ... 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
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $100.38B in December 2021, thereby recording an annual increase of 5%. The rise is mainly ... read more
In its latest World Economic Outlook of April 2022, the IMF posited that “the war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution”. At the same time, “economic ... read more
The IMF and the Lebanese authorities have reached a staff level agreement (SLA) that could be supported by a 46-month extended Fund Arrangement (EFF) with access to $3 Billion. The agreed program is ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 7.5% compared to last year, to reach $165.23B by mid-April 2022. The increase was mainly due to the 30.27% ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually by 2.1% to reach $4.85B at the official rate of 1507.5 LBP per USD, in September 2021. The decrease in personnel cost ... read more
The activity at Rafic Hariri International Airport improved in the first three months of the year 2022. Consequently, the number of Beirut’s International airport passengers went up by 100.94%, as it ... 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 51.76% to reach 16,716 permits by December ... read more
According to BDL’s latest monetary report, the BOP recorded a deficit of $954.9M in the first two months of the year 2022, compared to a deficit of $751.2M over the same period last year. Accordingly, Net ... read more
For the year 2021, Lebanon’s trade deficit totaled $9.18B, widening from the $7.75B registered by end of year 2020. In fact, total imported goods added 22.33% year-on-years (YOY) to $13.83B while Lebanon’s ... read more
On February 24, Russia, one of the world’s leading commodity producers and exporters, sought to conquer its neighbor Ukraine, a sovereign country in Eastern Europe. Consequently, two of the world’s biggest ... read more
In light of the upcoming parliamentary Elections in Lebanon, we reflect that it has been over two years since the Lebanese government has defaulted on its Eurobonds, without providing a clear plan of ... read more
In a widely expected move and at long, an International Monetary Fund (IMF) mission led by Mr. Ernesto Ramirez Rigo visited Beirut, Lebanon, from March 28 to April 7, to discuss IMF support for Lebanon and ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 7.66% to stand at $173.73B by February 2022. In more details, resident customers’ deposits which ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased annually by 4.7% to reach $4.33B at the official rate of 1507.5 LBP per USD, in August 2021. The decrease in public salaries was ... read more
Latest published data by the Central Administration of Statistics (CAS) showed real GDP fell by 6.9% in 2019 and 25.9% in 2020. As to nominal GDP, it reached 80.2 and 95.7 trillion LBP in 2019 and 2020 ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 7.33% compared to last year, to reach $162.7B by end of March 2022. The increase was mainly due to the 32.48% ... 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 January 2022 a ... read more
Not surprisingly, “the Lebanese innovation ecosystem, much like the wider economy, has been severely affected by the financial crisis. Data reveal that, between 2017 and 2021, yearly total investments in ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal balance (cash basis) decreased by 111.55% from last year to register a surplus of $302.10M by September 2021 for the 6h month in a ... read more
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