According to Byblos Bank’s Consolidated Income Statement as at 31 December 2016, the bank registered a profit of $165.30M in 2016 compared to $161.48M in 2015. Net interest income and net fees and ... read more
The reports of the Ministry of Finance continued to show a reduction in the Transfers to EDL, which stood at $521.2M and corresponds to a 33.8% y-o-y decrease by August 2016. By Aug. 2016, the Transfers ... read more
Data published by the Central Administration of Statistics (CAS) revealed that average consumer prices declined by a mere 0.78% y-o-y by the end of 2016, as the average Consumer Price Index (CPI) ... read more
According to data from the Lebanese Cadastre Registry, real estate (R.E) activity marginally improved by Dec.2016. The number of RE transactions grew by a yearly 1.92% to reach 84,380 transactions. The ... read more
According to Ernst and Young’s Hotel Benchmark Survey, Beirut’s hotel occupancy rate in December 2016 increased by 6 percentage points (p.p) to stand at 64%, compared to 58% in the same period last year. ... read more
Ciments Blancs’ board of directors invited its shareholders to attend an extraordinary general assembly meeting set to take place at the company’s head office in Dbayeh, on Monday the 27th of June at 11:00 ... read more
The annual, cumulative revenues of the Port of Beirut (PoB) ended 2016 with an incremental increase of 0.02%, to stand at $238.96M, compared to $238.92M by December 2015. In details, total container ... read more
According to the balance sheet of the Lebanese Central Bank (BdL), total assets grew by 0.40% in mid- January year-to-date (y-t-d). On a monthly basis, total assets marginally dropped 0.08% from ... read more
According to Kafalat, the number of loan guarantees grew from 682 guarantees by December 2015 to 712 guarantees by December 2016. The overall value of the guarantees fell by 1.65% y-o-y to reach $92.91M by ... read more
Data from the Association of Lebanese Car Importers reveals a 6.67% y-o-y decline in the total number of newly-registered commercial and passenger cars by Dec.2016, to stand at 38,874 cars. The ... read more
The Rafic Hariri International Airport activity rose during 2016, as the total number of passengers increased by a yearly 6.63% to 7.71M. More specifically, the number of arrivals to Lebanon shot up by ... read more
According to Rymco’s June 2016 balance sheet, the company’s total assets grew by 22.46% year-on-year to $196.54M while total shareholders’ equity edged up by 3.72% year-on-year to $52.02M. The main drivers ... read more
According to the Association of Lebanese Banks, Lebanon’s gross public debt registered a rise of 6.02% since year-start and a 5.83% year-on-year increase to stand at $74.54B by November 2016, the ... read more
Lebanon’s Balance of Payments (BoP) recorded a surplus of $331.9M by Nov.2016 compared to a $2.98B deficit by Nov. 2015. The surplus is mainly an indirect result of the Swap Operation coordinated by BDL in ... read more
The Central Bank of Lebanon recently issued Intermediate Circular #446 entitled “Financial Operations and Activities in Financial Markets”. According to the circular, Lebanese banks must register the ... read more
The balance sheet of Lebanese commercial banks revealed an 8.05% year-to-date (YTD) progress in assets and a 9.7% year-on-year increase, to stand at $200.95B by Nov.2016. In particular, Reserves (44% of ... read more
Although total tourist spending in the first half of 2016 plunged by 14% y-o-y, it improved in the second half of 2016. According to Global Blue, tourist spending in 2016 recorded a decelerated plunge of ... read more
According to the Lebanese Ministry of Industry, the value of total industrial exports dropped from $255.3M in October 2015 to $220M in October 2016. The main exported products were Machinery and Mechanical ... read more
Banque Du Liban’s (BDL) Balance Sheet revealed a 12.56% year-on-year (y-o-y) increase in assets to $102.3B by Dec.2016. BDL’s swap operation in July was mainly behind the 9.75% yearly uptick in the central ... read more
Data from the Customs reveal the Lebanese trade deficit spiraled by 6.3% y-o-y to reach $14.4B by Nov. 2016 as exports increased by a yearly 3.47% to $2.81B and imports rose by 5.81% y-o-y to $17.2B. In ... read more
According to Midlcear, the Central Bank of Lebanon just approved the transformation of Lucid Investment Corporation from a financial institution into a specialized bank. According to Lucid’s website, “the ... read more
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