According to Lebanon’s Balance of Payments (BoP), Lebanon observed a significant deficit increase from $525M by May 2015 to $1.76B by May 2016., Net Foreign Assets (NFA) of both BDL and commercial banks ... read more
According to Lebanon’s commercial banks’ balance sheet, total assets witnessed a y-t-d increase of 1.42% and an increase of 5.36% y-o-y from $179.03B by May 2015 to $188.63B by May 2016. This y-t-d ... read more
According to the data issued by the Ministry of Industry, the total value of exports decreased by 12.83% y-o-y in Q1 2016 to reach $633.9M. This remarkable yearly drop in value can be mainly attributed to ... read more
According to Global Blue, tourist spending in Lebanon decreased by a yearly 18% in Q2 2016, compared to Q2 2015 and 22% compared to Q1 2016. This contraction can be linked to the lower spending by GCC ... read more
According to the World’s Bank logistics performance index (LPI), Lebanon recorded an LPI score of 2.72 in 2016, which ranked it 82nd out of 160 countries, compared to a score of 2.73 and a rank of 85 in ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $99.1B in June 2016, recording a 4.63% increase from May’s 2016 level. Although foreign assets, constituting 36.61% ... read more
Odea Bank, a subsidiary of Bank Audi Group in Turkey, increased their capital by TL 1B ($290M) by issuing equity shares in order to fund infrastructure projects and increase access to loans for SMEs, in ... read more
In accordance with the decision taken during the general assembly on June 22nd, 2016, Ciments Blancs will distribute dividends equivalent to LBP 433 per share on July 15th, 2016. The dividends will be ... read more
According to data retrieved from the Lebanese Customs, Lebanon’s trade deficit increased by 14.64% from $5.82B by May 2015 to $6.67B by May 2016. Accordingly, exports fell by a yearly 6.39% to $1.19B while ... read more
The construction industry in Lebanon showed positive performance in the first five months of this year with the number of real estate permits increasing from 5,816 in May 2015, compared to 6,897 in the ... read more
On June 27th, 2016, Solidere shareholders attended a general assembly that was initially scheduled for June 6th, but failed to reach quorum. The general assembly was concluded with the decision to ... read more
According to United Nations Conference on Trade and Development’s World Investment Report 2016, global Foreign Direct Investment (FDI) inflows grew 37.99% from 2014, to $1,762B in 2015, the highest level ... read more
According to “Al Iktissad wal Aamal”, before the end of June, The Central Bank of Lebanon is expected to issue a new circular regarding the establishment of a fund for Real Estate Lending. This new ... read more
During the Ordinary General Assembly held on the 23rd of June 2016, Rymco decided to distribute dividends of an amount of 4,504,500,000 LBP ($2.99M) with an average of 165 LBP ($0.11) per share before tax ... read more
During the first five months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 7.62% y-o-y to reach 32,709. Also, the total value of ... read more
When looking at the monthly hotel occupancy rates published by E&Y’s Hotel Benchmark Survey, Beirut’s hotel occupancy rate registered an increase from 64% in May 2015 to 66% in May 2016. In fact, the ... read more
Deflation persisted in May 2016 as demonstrated by the Consumer Price Index (CPI) that dropped by 2.45% y-o-y by May 2016. According to the Central Administration of Statistics (CAS), the CPI decreased ... read more
During the first five months of the year, the value of cleared checks decreased by 2.30%, illustrating lower levels of consumption and spending. In fact, the number of checks cleared by Banque du Liban ... read more
Activity at the Port of Beirut (PoB) remained resilient in the first five months of 2016 as the port’s revenues recorded a yearly increase of 4.57% to $98.80M. Total container activity including ... read more
Ciments Blancs posted net profits of $2.77M in 2015, a 22.47% decrease from $3.57M in 2014. This occurred due to a 10.01% yearly decrease in sales to $12.77M. On the balance sheet, total assets increased ... read more
Following stake sales to the Bahraini Holding CIH S.A.L and the board member Sarkis Demerjian, EuroMena III Fund was approved to acquire a share of around 3% of Credit Libanais. The purchased value ... read more
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