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 Association of Lebanese Car Importers (AIA), the total number of newly registered commercial and passenger cars slightly improved during the first quarter of 2017 by 2.04% year-on-year ... read more
According to the Association of Banks in Lebanon (ABL), the value of cleared checks in the first three months of 2017 rose by an annual 1.28% to reach $17.1B, while the total number of cleared checks of ... read more
The board of directors of Bank of Beirut (BoB) invites its shareholders to a general assembly at the bank’s headquarters located in Foch Street, downtown Beirut. The meeting will take place on the 5th of ... read more
Lebanon’s trade deficit stood at $2.79B by February 2017, widening from the $2.46B registered by the same period last year. Total imports grew by 13.27% year-on-year (y-o-y) to $3.25B, while exports rose ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt stood at $76.13B in February 2017, a 6.91% year-on-year (y-o-y) increase, and a 0.05% downtick from January’s balance. ... read more
During Bank AUDI’s Annual Ordinary General Assembly convened on April 10, 2017, the Chairman of the Board of Directors, Mr. Raymond Audi, declared his resignation, and the board elected Mr. Samir N. Hanna ... read more
According to Global Blue, tourist spending in Lebanon rose by a yearly 8% in Q1 2017, compared to Q1 2016. This increase is mainly attributed to the relatively higher spending by GCC nationals in the first ... read more
Activity at the Port of Beirut (PoB) dropped in the first Quarter (Q1) of 2017 as the port’s revenues recorded a yearly decrease of 2.88% to $55.32M. Nonetheless, total container activity including ... read more
The Board of Directors of BLOM Bank S.A.L convened on Friday, April 7th, 2017 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Friday, April ... read more
BLOM Bank S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 7, 2017 at the Bank’s Headquarters and approved the accounts of the ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a progress in total assets from February 2016’s level of $186.6B to $204.9B in February 2017, reflecting a 10% year-on-year (y-o-y) ... read more
The recently released balance sheet of Bdl revealed substantial interim drops in the levels of foreign assets and securities’ portfolio, between mid-March and the end of March. The decline in foreign ... read more
During the first 2 months of 2017, real estate activity witnessed a retreating performance as the total number of real estate transactions decreased by 2.0% y-o-y to reach 12,092. Also, the total value of ... read more
According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed, for the first time in 3 years, a surplus of $508.5M by February 2017 as compared to the $356.3M deficit recorded ... read more
According to Bank Audi’s recently released statement, the Lebanese bank agreed to sell its business in terms of electronic payment and card services to M1 Financial Technologies, a subsidiary of M1 Group, ... read more
Byblos Bank’s board of directors invites its preferred shares holders to the annual general assembly meeting set to take place at the bank’s headquarters in Achrafieh on the 28th of April 2017 at 11:00 am. ... read more
According to the Ministry of Tourism, the number of tourists visiting Lebanon, in the first two months of 2017, displayed a 12.25% year-on-year (y-o-y) progress, where the total number of tourists went up ... read more
The Beirut Stock Exchange (BSE) released Bank of Beirut’s (BOB) statement detailing two block trades of the bank’s shares on the 28th of March, 2017. According to the statement, Mr. Salim Sfeir ... read more
The Beirut Stock Exchange recently released the below official statement on behalf of Bank Audi: “In its meeting held on March 20, 2017, the Board of Directors of Bank Audi sal resolved to propose to the ... read more
According to Kafalat statistics, the number and value of issued loan guarantees stood at 96 and $11.66M by February 2017 compared to 118 guarantees worth $17.76M issued by February 2016. Over the same ... read more
According to the Orders of Engineers in Beirut and Tripoli, the number of construction permits fell by a yearly 1.67% to reach 2,479 by February 2017. The Construction Area Authorized by Permits (CAP) also ... read more
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