The revenues of the Port of Beirut (PoB) amounted to $19.38M in January 2017 up from $18.37M in January 2016. In details and over the same period, total container activity including transshipment (TEU+TS) ... read more
In January 2017, the total value of cleared checks slid by a yearly 1.2% to reach $5.71B. In details, the value of checks denominated in Lebanese Pounds increased by 1.4% y-o-y to $1.73B, compared to ... read more
Arqaam Capital issued a buy rating on BLOM Bank with a fair value of $16.6 per share. You can download the full report below: Arqaam Capital – BLOM Q4 16 Earnings Call read more
According to the balance sheet of the Lebanese Central Bank (BdL), total assets grew by 0.83% to $103.58B in mid- February, compared to $102.73B mid-January. Foreign assets (39.51% of total assets) and ... read more
According to the Ministry of Finance, Lebanon’s gross public debt ended the year with a 6.51% yearly rise to stand at $74.89B by December2016, the equivalent of 144% of GDP. In details, debt in local ... read more
According to the Central Bank of Lebanon, the assets of commercial banks grew by a yearly 9.85% to $204.31B in 2016. Claims on the resident private sector increased by a yearly 6.23% to $51.04B and claims ... read more
Data from the Lebanese Cadastre Registry indicated that the number of real estate (R.E) transactions fell by a 3.04% year-on-year (y-o-y) to reach 5,489 transactions, noting that January witnessed the ... read more
Following the approval of the capital markets’ authority on November 14, 2016, BEMO securitization established the first securitization investment fund for TFH, called TFH SIF. As such, Midclear issued ... read more
Lebanon’s Balance of Payments (BoP) sealed the year with a $1.24B surplus, compared to a deficit of $3.35B by December 2015. As such, BDL’s Net Foreign Assets (NFA) recorded an increase of $3.87B by ... read more
The balance sheet of the Lebanese Central Bank, BDL, posted a 1.22% monthly increase in total assets to $103.57B in January 2017. Foreign assets, constituting 39.63% of total assets, inched up by 0.82% ... read more
The activity at Rafic Hariri International Airport contracted in January 2017, as the total number of passengers fell by a yearly 1.38% to 539,089. The number of passengers arriving to Lebanon climbed by ... read more
According to Beirut Stock Exchange (BSE), the Kuwaiti firm Mohamad Abed El Mohsen El Kharafi & Sons Co. for general contracting and industrial manufacturing, a corporate shareholder of Rasamny Younes ... read more
According to the Ministry of Tourism, the number of tourist arrivals by the end of 2016 rose by a yearly 11.23% to 1.69M by December. This rise was partly due to the political breakthrough in Lebanon by ... read more
As per BLC’s consolidated financial statements, net income climbed by 2.45% year on year (y-o-y) to stand at $45.2M in December 2016. In details, Net Fees & Commission Income, the bulk of BLC’s income ... read more
As per Bank of Beirut’s (BOB) consolidated income statement, BOB’s net income climbed by 6.42% year on year (y-o-y) to $198.62M in December 2016. The higher profit is mainly attributed to the 10.83% ... read more
BEMO Bank recorded a notable growth of 21.77% in its consolidated net income to $15.75M in December 2016, when compared to the same period last year. The boost in profits was triggered by the 5.85% and ... read more
According to the Association of Banks in Lebanon (ABL), the value of cleared checks declined by 5.54% year on year (y-o-y) by December 2016, whereby the number of checks cleared reached 12.32M worth ... read more
BLOM Bank announced today its un-audited financial results for the year 2016. The results continue to show the Bank’s solid performance despite the ongoing turbulence in the region. Net profit reached $463 ... read more
According to Bank Audi’s newly released financial statements, the bank’s consolidated net profit surged 16.61% year-on-year (y-o-y) to stand at $470.11M in 2016 despite the negative developments in Turkey ... read more
Construction activity showed a recovery by the end of 2016 to settle near 2012’s level. As revealed by data from the Orders of Engineers in Beirut and the North, the total number of permits rose by 13.29% ... read more
Data from the Customs revealed that the Lebanese trade deficit rose by 3.56% y-o-y to reach $15.65B by Dec. 2016, as imports climbed by 3.54% y-o-y to $18.7B, and exports increased by a yearly 3.45% to ... read more
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