According to Bank Audi and the Beirut Stock Exchange, Bank Audi’s shareholders convened on April 8, 2016 for an Ordinary General Assembly and declared a gross distribution of dividends as follows: To ... read more
According to the International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) entitled “Too Slow for Too Long”, global growth is projected at 3.2% in 2016, in line with that of last year, but ... read more
According to Kafalat, the number of granted guarantees increased from 143 in the first quarter (Q1) of 2015 to 172 in Q1 2016 and their value rose from $19.6M in Q1 2015 to $24.3M in Q1 2016. In terms of ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars improved during the first quarter of 2016 by 6.72% year-on-year (y-o-y) to 8,590 cars. ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.21B in February 2016, a 2.84% year-on-year (y-o-y) increase. Debt in LBP, accounting for 61.8% of total ... read more
According to Global Blue, tourist spending in Lebanon decreased by a yearly 12% in Q1 2016, compared to Q1 2015. This contraction is mainly attributed to the relatively lower spending by GCC nationals in ... read more
The consolidated balance sheet of Lebanon’s commercial banks revealed a 0.32% progress in assets from December 2015’s level of $185.99B to $186.59B in February 2016, reflecting a 5.68% year-on-year (y-o-y) ... read more
Lebanon’s Balance of Payments (BoP) revealed a deficit of $356.3M in the first two months of 2016, compared to a higher deficit of $432.8M in the same period last year. In spite of the relative ... read more
According to Business News, Byblos Bank is conducting a deal, valued at $91M, to acquire Banque Pharaon & Chiha. BdL (Banque du Liban) has authorized the progress of this deal and is currently studying ... read more
The value of cleared checks added a mere 0.42% during the first two months of the year, revealing a timid improvement in consumption levels. In fact, the number of checks cleared by Banque du Liban reached ... read more
The balance sheet of the Lebanese Central Bank (BdL) revealed that total assets reached $94.58B in March 2016, recording a 0.18% monthly increase from February’s level and a 6.37% rise from March 2015’s ... read more
Byblos bank invited the common and preferred shareholders to attend the annual ordinary general assembly on the 26th of April 2016, in the Bank’s headquarter in Achrafieh. During the upcoming assembly, the ... read more
According to data released by the Ministry of Industry, the value of industrial exports registered $2.96B by December 2015, down by 6.2% from 2014 and by 12.7% from 2013. In the fourth quarter of 2015 ... read more
According to the Ministry of Finance, personnel costs rose by a yearly 8% to $3.08B by August 2015. The higher spending on personnel salaries came as a result of: A 5% or $102.16M year-on-year increase in ... read more
The fund Cylinder 3 SIF is a mutual fund launched and marketed by BEMO Securitization. The fund was approved by the Capital Markets Authority (CMA) on the 6th of August 2014. According to Midclear, BEMO ... read more
In their latest publication, real estate advisers RAMCO, revealed that 34 office buildings are under construction across Municipal Beirut in 2016, accounting for a total construction area of 194,863 square ... read more
Following four years of frail activity, construction gained momentum by February this year with the number of real estate permits increasing to 2,521, compared to 1,966 in the same period of 2015. Noting ... read more
Lebanon’s trade deficit for the first two months of 2016 stood at $2.46B, widening from the $2.17B registered by February 2015. Total imports grew by 7.93% year-on-year (y-o-y) to $2.87B, while exports ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year 2015. The Bank’s financial statements revealed a surge in its net profits from $121,000 in 2014 to $17.60M in 2015. This was ... read more
Following the 27% yearly drop in 2014, Lebanon’s fiscal deficit widened by 28.62% year-on-year (y-o-y) to $3.95B by the end of 2015. This was attributed to the 11.98% yearly decrease in government revenues ... read more
During the first 2 months of 2016, real estate activity witnessed a positive performance as the total number of real estate transactions rose by 22.7% y-o-y to reach 12,335. Also, the total value of these ... read more
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