According to Ernst & Young Middle East Hotel Benchmark Survey, Beirut’s hotel occupancy rate slightly declined from 55% by April 2015 to 54% by April 2016. The downtick in Beirut’s hotel occupancy may ... read more
Consumer prices maintained the downward trend by the fourth month of 2016 as reflected by the Consumer Price Index (CPI) that dropped by an average of 2.9% y-o-y by April 2016. According to the Central ... read more
The value of cleared checks decreased by 1.25% during the first four months of the year, illustrating lower values of consumption and spending. This could be partly due to the deflationary pressures that ... read more
Activity at the Port of Beirut (PoB) remained resilient in the first four months of 2016 as the port’s revenues recorded a yearly increase of 7.50% to $77.58M. Total container activity including ... read more
RYMCO’s board of directors invites its shareholders to the annual general assembly meeting set to take place at the company’s headquarters in Chiyah Boulevard on Thursday the 23rd of June at 10:00 a.m. The ... read more
The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem, on the 4th of April 2016, its 1,500,000 BLF preferred shares 2011 Series 3 worth LP 10,000 per share. Therefore, Midclear ... read more
During the first four months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 14.53% y-o-y to reach 26,597. Also, the total value of ... read more
The number of payment cards remarkably increased in 2015 following the large retail campaigns of the Lebanese banks to boost demand for alternative noncash payment methods. In fact, the number of ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.04B in March 2016, a 2.32% year-on-year (y-o-y) increase and a 1.04% rise from December 2015’s level. Debt ... read more
Solidere released an invitation for its annual general assembly to be held on June 6th, 2016. The general assembly meeting is set to take place at 9h30 am at Biel, downtown Beirut. The meeting’s agenda ... read more
The board of directors of Bank of Beirut (BoB) invites its shareholders to 2 extraordinary general assemblies at the bank’s headquarters located in downtown Beirut, Foch Street. The first meeting will take ... read more
Ciments Blancs’ board of directors invited its shareholders to attend the annual general assembly meeting set to take place at the company’s head office in Dbayeh on Wednesday the 22nd of June at 10:00 ... read more
Holcim invited its shareholders to attend an ordinary general assembly, scheduled for June 15th, 2016 at 10:00 a.m in the “Le Royal” hotel in Dbayeh. The assembly will discuss several points, including ... read more
According to RAMCO, the sale prices of apartments under construction in Beirut have decreased by 1.2% in 2015, compared to a slower 0.7% drop in 2014. Through its Residential Price Index of Beirut, the ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars improved by 4.29% year-on-year (y-o-y) to 11,909 cars by April 2016. This was triggered ... read more
Byblos Bank announced on the 10th of May, 2016 that it has completed the acquisition of 99.18% of the shares in Banque Pharaon & Chiha. The latter was valued at $91M. Raymond and Teddy Rahmeh (known as ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $644.2M in the first quarter of 2016, compared to a higher deficit of $850.2M in the same period last year. In spite of the relative improvement, ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.90% progress in assets from December 2015’s level of $185.99B to $187.66B in the first quarter of 2016, reflecting a 6.05% ... read more
Rafic Hariri International Airport (RHIA) activity improved during the fourth month of this year, as the total number of passengers increased by a yearly 10.76% to 2.19M. In details, the number of ... read more
During its ordinary general assembly, held on the 5th of May 2016, Bank of Beirut (BoB) decided to distribute $36M worth of dividends for the year 2015, as follows: $2/share for the holders of BoB ... read more
Bemo Bank’s board of directors invited all holders of common shares for an ordinary annual general assembly that will be held at the bank’s headquarters in Ossayli Building, Riad El Solh, on June 7, 2016 ... read more
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