Lebanon’s private sector economy persisted in contractionary territory in April 2024 at the fastest rate in the year-to-date reaching 48.9 compared to March’s 49.4 figure. The contraction was mainly ... read more
According to the consolidated balance sheet of Lebanon’s commercial banks, total assets continued to show progress in March 2017 as they grew by 9.64% y-o-y to $205.8B mainly due to BDL’s swap operation ... read more
In March 2017, the BoP managed to register a surplus of $46.3M, with BDL’s Net Foreign Assets (NFAs) contracting by $1,158.1M and the NFAs of commercial banks surging by a monthly $1,204.4M. In fact, the ... read more
Solidere SAL released its audited financial statements for year 2016 showing a pre-tax profit of $83.1 million, and an an after-tax net profit of $63.1 million. Meanwhile, the consolidated financial ... read more
On the 5th of May 2017, the ordinary general assembly of Bank of Beirut’s (BOB) shareholders was held at the bank’s headquarters. The assembly approved 2016’s accounts and decided to distribute dividends ... read more
A recent study by RAMCO sarl on the office market in Beirut has revealed that 32 office projects are currently under construction in Municipal Beirut. This total represents 191,528 SQM of office space. The ... read more
According to the consolidated financial statements of BLC Bank, the bank’s net profit for the first three months of the year totaled $10.52M up by 14% year-on-year. According the banks’ accompanying ... read more
According to Bank BEMO’s unaudited consolidated financial statements, the bank’s profit for the first quarter of 2017 reached $3.96M compared to $3.7 in the same period of 2016. With net interest income ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon, in Q1 2017, rose by an annual 12.61% to 345,168 by March 2017. The rise was driven by increased number of tourists from the ... read more
According to E&Y’s Middle East Hotel Benchmark Survey, Beirut’s hotel occupancy rate increased significantly from 55% in Q1 2016 to 62% in Q1 2017. The uprise in Beirut’s hotel occupancy may be ... read more
BLOM Bank announced today its unaudited financial results for the first quarter of 2017. Despite its difficult operating conditions, BLOM Bank was not deterred from performing at its customary best. Net ... read more
According to the Lebanese Customs, trade activity at Lebanon’s main customs offices improved by February 2017, compared to the same period last year. This was mostly the result of rising volumes of total ... read more
The consolidated financial statements of Bank Audi, in the first quarter of 2017, witnessed a marginal yearly rise of 0.02% in profits to $110.20M, of which 23% from Odea Bank and 10% from Bank Audi Egypt. ... read more
As per its latest unaudited financial statements, Bank of Beirut (BoB) recognized a yearly 14.77% rise in its net income by Q1 2017 to stand at $50.24M. BoB saw its net interest income improve by 17.03% ... read more
The consolidated financial statements of Byblos Bank revealed a 14.87% year-on-year (y-o-y) drop in profits to $28.74M in the first quarter of 2017 (Q1 2017). The drop in profits is mainly attributed to ... read more
According to the Orders of Engineers in Beirut and Tripoli, the number of construction permits dropped by a yearly 2.71% to stand at 4,165 permits in Q1 of 2017. The Construction Area Authorized by Permits ... read more
The World Economic Forum’s 2017 Travel & Tourism Competitiveness Report entailed the Travel and Tourism (T&T) Competitiveness Index, which ranked the tourism sectors of 136 countries according to 4 ... read more
By the end of 2016, cement deliveries recorded a yearly uptick of 2.64%, to stand at 5.27M tons compared to 5.13M tons by Dec. 2015. This rise parallels the recovery recorded in the construction activity ... read more
According to the Lebanese Ministry of Industry, the value of total industrial exports fell from $2,956M by December 2015 to $2,527M by end 2016. On a monthly basis, the main exported products in Dec.2016 ... read more
According to the Central Administration of Statistics (CAS), Lebanon’s average inflation rate reached 4.8% in Q1 2017. The sub-indices“water, electricity, gas, and other fuels” (contributing 11.9% of CPI) ... read more
In compliance with the Central Bank’s circular #411, which cancels bearer shares in Lebanon, HOLCIM issued a statement regarding its own bearer shares. HOLCIM announced that during an Extraordinary General ... read more
According to the balance sheet of the Lebanese Central Bank (BDL), total assets slipped by 0.18% year to date (y-t-d) to $102.14B in mid- April 2017. In details, Foreign Assets (constituting 38.93% of ... read more
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