According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit increase from $1.32B by July 2015 to $1.42B by July 2016. Net Foreign Assets (NFA) of BDL increased $128M, ... read more
According to Business News, two large corporate deals were sealed. As reported by the agency, Tabourian Group used to own a 51% share in Sannine and is now the full owner through the acquisition of the ... read more
According to a survey issued from the partnership between the Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank, Arab banks are witnessing withdrawal of correspondent bank ... read more
According to Midclear, the nominal value of Jammal Trust Bank’s (JTB) shares was increased from LBP 100 to LBP 10,000, following a reverse stock split. Accordingly, the total number of shares dropped from ... read more
The Rafic Hariri International Airport activity rose during August 2016, where the total number of passengers increased by a yearly 8.12% to 5.19M. The number of arrivals to Lebanon went up by 8.84% y-o-y ... read more
According to Standard & Poor’s (S&P) latest report, the outlook on Lebanon was revised from negative to stable, and Lebanon maintained its B-/B rating for its banking sector. The outlook revision ... read more
The balance sheet of the Lebanese Central Bank (BdL) observed a growth in total assets that reached $103.71B in August 2016, recording a 2.22% increase from July’s 2016 level, and a 13.38% rise from last ... read more
According to the Ministry of Finance (MoF), transfers to EDL reached $210.21M by April 2016, 45.6% lower than its level in the same period of 2015. This fall in value can be attributed to the 46% ... read more
The International Bank for Reconstruction and Development “IBRD” of the World Bank has offered Lebanon a loan of $40M to fund the implementation of the Second Education Development Project. The project’s ... read more
The board of directors of Byblos Bank called on the bank’s common shareholders to attend an extraordinary general assembly meeting which is to be held on the 30th of September 2016 at 12:00 p.m in the ... read more
The board of directors of Bank of Beirut (BOB) Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 25th of August 2016 at 10:30 a.m in the ... read more
According to AUDI Bank Egypt’s income statement, the bank’s consolidated net income reached $46.55M in June 2016, 39.77% higher than the same period last year. Also, Net interest income and net fees and ... read more
According to the Lebanese Customs, Lebanon’s trade deficit rose by 6.97% from $8.54B by July 2015 to $9.13B by July 2016. As such, due to the political turmoil in Lebanon and its neighboring countries, ... read more
During an extraordinary general assembly meeting held by BLC Bank’s board of directors on the 11th of July 2016 at 10:30 a.m., the board decided the following: The bank will increase its capital from LP ... read more
The Lebanese community is in a period of deepening uncertainties, where it is witnessing lower consumption levels and investments. This was reflected by the contracting cleared checks’ activity. As such, ... read more
Cement deliveries observed an upward trend by June 2016, rising by 10% to 2.50M tons compared to 2.27M tons by June 2015. This rise could be partially justified by the recovering construction activity ... read more
The board of directors of BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 11th of August 2016. BLC Bank confirmed the formalities ... read more
According to the data published by the Lebanese Cadastre Registry, during the first seven months of 2016, the real estate activity kept on recovering from last year’s levels, where the total number of real ... read more
According to Byblos Bank and the American University of Beirut (AUB), the diplomatic crisis with GCC countries, the waste management crisis, and the persistent political insecurity overshadowed the ... read more
According to the Central Administration of Statistics (CAS), average consumer prices, reflected by the average Consumer Price Index (CPI), dropped by 2.22% y-o-y by July 2016. In fact, the average CPI fell ... read more
According to Ernest and Young’s Hotel Benchmark Survey, most of the countries observed improvements in occupancy rate levels y-o-y in July 2016. Due to the multitude of events and festivals held across the ... read more
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