Month of December marked a high manufacturing Purchasing Managers’ Index (PMI) for the US which increased from 56.7 in November to 57.1 in December, the best reading since September 2014. The last month of ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $9.98B by October 2020, compared to a deficit of $6.15B by October last year. Accordingly, Net foreign Assets (NFAs) of ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 10.48% since year-start, to reach $156.17B in November 2020. The increase was mainly due to the 17.14% rise in ... read more
The performance of real estate sector is affected by the current financial crisis. In fact, depositors are trying to liberate their deposit from banks by investing in real state. However, real estate ... read more
Port of Beirut is still suffering from the massive explosion on the fourth of August 2020, however, many are wondering how will its infrastructure be restored. Further, the World Bank report estimated the ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) gives an overview about the evolution of goods and services’ prices consumed by households, which revealed that ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $94.81B in September 2020, thereby recording an annual increase of 9.3%. The increase is mainly ... 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 8.3M checks by October 2019 to 4.95M checks by ... read more
According to BDL’s Data , Cement deliveries were slashed by an annual 60% in the 8 months of 2020, to stand at 817,168 tons compared to 2.24M tons in the same period last year. In addition, the six-month ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.53B by August 2020, down from last year’s $2.95B. In detail, the substantial deficit is attributed ... read more
The ongoing challenges faced by the Lebanese fiscal and economic environment prevent an accurate reflection of the crises on the financial statements. In fact, the first nine months of 2020 were marked by ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which explains that “As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages that ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 10.64% since year-start, to reach $156.39B in Mid-November 2020. The increase was mainly due to the 24.46% ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs decreased by an annual 6.4% to reach $3.58B by July 2020 compared to the same period last year. This decrease is due to reduction in “End ... read more
According to the Ministry of Finance, transfers to EDL stood at $402.77M by May 2020, dropping by 33.5% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach for ... read more
The Central Administration of Statistics (CAS) revealed that Lebanon’s monthly inflation rate surged from 11.4% and 17.5% in February and March 2020, respectively, to reach a dramatic surge in August and a ... read more
According to Global Blue’s January to September 2020 “Globeshopper Spending” report for Lebanon, total tourist spending in Lebanon slumped by 73% by September 2020 compared to the same period in 2019. The ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels slipped to an all-time low of 13% by August 2020, down from last year’s registered 72% ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $9.61B by September 2020, compared to a deficit of $5.95B by September last year. Accordingly, Net foreign Assets (NFAs) ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 11.67%, year-to-date (y-t-d), to stand at $192B in September 2020.The decrease started by then will likely ... read more
Lebanese financial crisis had a positive effect on the real estate sector in Lebanon, which witnessed an expansion in 2020. Investors believe that the real estate sector in Lebanon is considered the safest ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.09B by July 2020, down from last year’s $2.41B. In detail, the substantial deficit is attributed to ... read more
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