Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
Since November 2020, worldwide fuel prices had been increasing in line with the rise in global oil prices. However, today more significant increase has been prompted in Lebanon due to the recent government ... read more
The latest statistics on activity at the Port of Beirut show an annual slump of 35.07% in the revenues of the Port of Beirut (PoB) to $7.22M by June 2021, compared to last year’s $11.12M. Since 2019, total ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $688.16M by January 2021, down from last year’s $670.40M. In detail, the substantial deficit is ... read more
Beirut’s International Airport welcomed 2.05million (M) passengers in the first 7 months of 2021 compared to 1.39M passengers during the same period last year. The breakdown of the airport’s statistics ... 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
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $97.77B in April 2021, thereby recording an annual increase of 5.3%. The rise 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 3,041,067 checks by June 2020 to 1,881,673 checks by ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $1,812.1M by June 2021, compared to a deficit of $2,486.3M over the same period last year. Accordingly, Net foreign ... read more
Lebanese Commercial banks, BDL and the Lebanese government incurred high losses as a result of the financial crisis, and will continue to suffer as long as no reforms and recovery program is in sight. In ... read more
According to the Ministry of Finance, transfers to EDL stood at $924.36M by December 2020, dropping by 38.6% compared to the same period last year. This was mainly a result of lower payments to KPC and ... read more
According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 35% by April 2021, down from last year’s registered 2% during the same period. ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.07% compared to last year, to reach $154.13B by end of July 2021. The increase was mainly due to the 39.03% ... read more
Solidere released its consolidated financial statements for the year of 2020, revealing a downtick in its bottom line from a net profit of $42.14M by December 2019 to a loss of $15.90M over the same period ... read more
Byblos Bank published on 31/7/2021 its un-audited financial results for H1 2021. As expected, the results were impacted by the current crisis affecting the Lebanese economy and financial markets. The Bank ... read more
BLOM Bank published on 31/7/2021 its un-audited, consolidated financial results for H1 2021. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
BDL’s Governor Riad Salameh issued a strong statement on 30/7/2021 saying that he has to be frank with the Lebanese people, who need to know that the economic crisis is being exploited to feed the ... read more
The latest statistics on activity at the Port of Beirut show an annual slump of 4.63% in the revenues of the Port of Beirut (PoB) to $7.66M by May 2021, compared to last year’s $8.03M. It is interesting to ... read more
For the second month of year 2021, Lebanon’s trade deficit totaled $1.56B, going from the $1.42B registered in the same period last year. In fact, total imported goods retreated only by 7.4% year-on-year ... read more
As the country’s economic and financial crises has deepened, we are heading intensely towards a cash society in all shapes. In fact, paying by cash is likely becoming the only accepted payment method by ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.23% compared to last year, to reach $158.18B by mid of July 2021. The increase was mainly due to the 40.72% ... read more
Beirut’s International Airport welcomed 1.44million (M) passengers in the first 6 months of 2021 compared to 1.25M passengers during the same period last year. The breakdown of the airport’s statistics ... read more
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