According to a released statement by Midclear, Cedrus Invest Bank increased its capital through the issuance of new ordinary shares. The bank increased its capital from LBP 138,309,707,250 ($91.75M) to LBP ... read more
According to the statement of income of Bank Audi’s Egyptian subsidiary, net profit for the year 2016 rose from $32.28M in 2015 to $103.71M in 2016. Net interest income and net income from fees and ... read more
According to the Orders of Engineers in Beirut and the North, the number of permits rose by 3.52% year-on-year (y-o-y) to 1,175 during the first month of 2017, versus 1,135 during the same period in 2016. ... read more
According to the Association of Lebanese Car Importers (AIA), the number of newly registered commercial and passenger cars deteriorated during the first 2 months of 2017 by 4.82% year-on-year (y-o-y) to ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $76.17B in January 2017, a 6.51% year-on-year (y-o-y) increase and a 1.72% uptick from that of December 2016. ... read more
Activity at the Port of Beirut (PoB) witnessed a slight improvement by February 2017 as the port’s revenues recorded a 0.27% yearly increase to $37.25M. Total container activity including transshipment ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets increased by 9.76% annually to $204.38B by January 2017. In details, reserves increased by 23.80% y-o-y to $88.52B due to a growth of ... read more
According to the Central Bank of Lebanon (BDL), Lebanon’s Balance of payments (BoP) recorded a $166.7M deficit in January 2017, compared to a deficit of $718.9M in January 2016, despite a 4.58% yearly rise ... read more
Lebanon’s fiscal deficit widened by 25.09% year-on-year (y-o-y) to $4.94B by the end of 2016. This was attributed to the 9.90% yearly increase in government expenditures outpacing the 3.63% annual rise in ... read more
According to the Lebanese Customs, trade activity at Lebanon’s main customs offices improved in January 2017, when compared to January 2016. Total imports’ value rose by a yearly 7.36% to $1.60B by January ... read more
The activity at Rafic Hariri International Airport fell by February 2017, as the total number of passengers plunged by a yearly 8.34% to 1M. Nonetheless, the number of arrivals marginally grew by 0.33% ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year-end. The Bank’s financial statements revealed an increase in its net profits to $54.10M compared to $13.58M during the same ... read more
In November 2016, Parliament passed the law that states that joint-stock companies are forbidden from issuing bearer shares. Companies who already have bearer shares are compelled to replace them with ... read more
Lebanon’s trade deficit for the first month of 2017 stood at $1.37B, widening from the $1.31B registered in the same month last year. Total imports grew by 7.36% year-on-year (y-o-y) to $1.60B and exports ... read more
The balance sheet of the Lebanese Central Bank, BDL, posted a marginal 0.36% monthly increase in total assets to $103.94B in February 2017. Foreign assets, constituting 39.84% of total assets, inched up by ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon’s occupancy rate registered 56.7% in January 2017, up from 55.7% in January 2016. Among the MENA countries, Lebanon ranked ahead ... read more
According to the Ministry of Finance, personnel costs increased by a yearly 6% to $3.27B by August 2016. In details, this rise in personnel costs can be attributed to the 7% year-on-year incline in ... read more
According to Midclear, the board of directors of IBL Bank, who convened on 16/05/2016, decided to redeem and cancel the bank’s preferred shares series (2) through re-purchase from shareholders. The number ... read more
According to Kafalat, the number and value of issued loan guarantees stood at 47 and $5.34M in January 2017 compared to 54 guarantees worth $7.93M issued back in January 2016. Over the same period, the ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI) showed signs of inflation in the first month of the year. The CPI rose from 94.45 points in January 2016 to 98.47 ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars slid by 1.00% year- on- year (y-o-y) to 2,571 cars by January 2017. In details, ... read more
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