Delivery of Plots Boosts Income Statement Solidere released its consolidated financial statements for the first 6 months of 2016, revealing an improvement in its bottom line from a net loss of $28.71M by ... read more
The BoP recorded a large surplus of $1.79B in August alone and thus turned the BoP of the year into positive territories with a surplus of $366.2M compared to a deficit of $1.65B by August 2015 and $1.42B ... read more
The balance sheet of the Lebanese Central Bank (BdL) observed a growth in total assets that reached $104.09B in September 2016, recording a 0.37% increase from August’s 2016 level, and a 13.60% rise from ... read more
According to the data published by the Lebanese Cadastre Registry, during the first eight months of this year, the real estate activity maintained a positive performance. The total number of real estate ... read more
According to the International Finance Corporation (IFC), BLC Bank will be the first to profit from the MENA SME Risk Sharing Facility, as the IFC and the Agence Française de Développement (AFD) will ... read more
According to Business News, after surveying 57 Lebanese municipalities of different sizes and locations, the Consultation and Research Institute (CRI) concluded that computerized municipalities have better ... read more
According to the World Economic Forum report, the competitiveness index is measured by 3 sub-indices: the basic requirement sub-index, the Efficiency enhancers sub-index, and the Innovation and ... read more
Trade activity at Lebanon’s main customs offices witnessed a rise in value during the first 7 months of the year. As stated by the Lebanese Customs, total imports value rose by a yearly 5.19% to $10.84B by ... read more
Lebanon’s gross public debt registered a yearly rise of 6.06%, to reach $73.38B by July 2016. In details, debt in local currency, LBP, grasping around 60.5% of the total gross public debt, witnessed an ... read more
According to Ernest and Young’s Hotel Benchmark Survey, most of the countries in the MENA region observed a downward trend in hotel occupancy rate levels by August 2016. As for Lebanon, although the number ... read more
The board of directors of Bank of Beirut (BOB) Bank called on the bank’s preferred “K” shareholders to attend an extraordinary general assembly meeting which will be held on the 11th of October 2016 at the ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 8.52% to reach $1.94B by June 2016, versus a deficit of $1.78B in the same period in 2015. In details, in the first half of the ... read more
According to Kafalat, the number of loan guarantees grew to 475 guarantees by August 2016. The overall value of the guarantees rose 13.47% to reach $65.73M by August 2016 compared to a value of $57.93M ... read more
According to the Central Administration of Statistics (CAS), average consumer prices, depicted by the average Consumer Price Index (CPI), declined by 2.05% y-o-y by August 2016, where the average CPI fell ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets grew 2.66% year-to-date (y-t-d) and 6.12% y-o-y, from $179.91B by July 2015 to $190.93B by July 2016. The main drivers behind the y-t-d ... read more
Port of Beirut (PoB) recorded a 1.13% yearly rise in its revenues by August 2016 to reach $160.54M. Total container activity including transshipment (TEU+TS) grew by an annual 0.78% to 770,205 twenty-foot ... read more
According to the Association of Lebanese Car Importers, the total number of newly registered commercial and passenger cars marginally fell 0.04% year- on- year (y-o-y) to 27,355 cars by August 2016. In ... read more
According to the Ministry of Finance, personnel costs rose by a yearly 5.25% to $4.70B by December 2015. The rise in personnel salaries was justified by a 4% year-on-year increase in salaries, wages and ... read more
The board of directors at BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting to be held on the 22nd of September 2016 in the bank’s headquarters. The meeting’s ... read more
According to the Association of Banks in Lebanon (ABL), Lebanon has been witnessing a downward trend in both the value and number of cleared checks this year. As such, the value of cleared checks dropped ... read more
According to the Ministry of Tourism, the number of tourist arrivals rose by a yearly 8.61% to 955,813 by July. This rise was due to the increase in the number of tourist arrivals from the Arab countries, ... read more
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