In 2020, the world faced a substantial disruption due to the onset of the COVID-19 pandemic, resulting in an unprecedented 70% decline in global energy consumption during the initial months of the crisis. ... 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 878,074 checks by May 2022 to 231,909 checks by ... 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 ... read more
BDL issued on 5 July 2023 two intermediate Circulars. Intermediate Circular 673 extends Basic Circular 151 to 31/12/2023. The circular permits clients to exchange every month their USD deposits at ... read more
According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market showed steady improvement by 5.23% YOY by May 2023. In more details, for the period ending May 2023, the cumulative number ... read more
The activity at Rafic Hariri International Airport improved by the fifth month of 2023 compared to the same month last year. In fact, the number of Beirut’s International airport passengers added 23.62% on ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.3% compared to last year, to reach $104.47B by end of June 2023, amid adopting the 15,000 LBP/USD ... read more
Byblos Bank published last week its un-audited financial results for end March 2023. As expected, the results were impacted by the current crisis affecting the Lebanese economy and financial markets. Based ... read more
On June 29, and after an absence spanning five years, the IMF published its Lebanon 2023 Article IV Consultation Report. In terms of context, it indicated that “Lebanon’s severe and multifaceted crisis, ... read more
Total container activity including transshipment (TEU+TS) increased by a yearly 9.97% to stand at 243,428 twenty-foot equivalent unit (TEU) by April 2023, with transshipment activity (TS) adding 72.42% YOY ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.12% compared to last year, to reach $104.72B by mid-June 2023, amid adopting the 15,000 LBP/USD official ... read more
According to the World Bank’s latest Migration and Development Brief released on June, 13, 2023, “officially recorded remittance flows to low- and middle-income countries (LMICs) are estimated to grow by ... read more
The IMF SLA (Staff-Level Agreement) signed on April 7, 2022 with the Government of Lebanon stipulated the following pre-conditions (in addition to the institutions responsible for approving each condition, ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased annually by 32.81% to stand at $115.64B by April 2023 amid BDL’s adoption of a new exchange rate of LBP 15,000 ... read more
According to BDL’s latest monetary report, the BOP recorded a surplus of $1.24B by April 2023, far exceeding the deficit over the same period last year of $1.7B. Accordingly, Net foreign Assets (NFAs) of ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 39.06% compared to last year, to reach $103.75B by end of May 2023, amid adopting the 15,000 LBP/USD ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $102.47B in January 2023, thereby recording an annual increase of 3.2% YOY. The rise is mainly ... read more
According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market deteriorated remarkably by 51.7% by April 2023. In fact, on a monthly basis, 822 cars were sold in the month of April 2023 ... read more
Bank Audi published its non-audited financial results for Q1 2023 on 1/6/2023. In its statement, Bank Audi said that: “(1) The continued absence of the required reform package to address the impact of the ... 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 732,712 checks by April 2022 to 190,418 checks ... read more
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