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
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly includes the cost of basic salaries, allowances and indemnities, increased by 5.26% in the year of 2014 to ... read more
Lebanon’s economic growth remained positive in 2014 despite the challenging political, security, and external environment. The Lebanese economy went through difficult times in 2014 except for the formation ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 5 months of 2015, where the total number of passengers improved by 8.93% year-on-year (y-o-y) to 2.52M, compared to a lower ... read more
In a recent publication, RAMCO revealed that the total bulk of apartments that were unsold in 2014 stood at 271, in Municipal Beirut, worth approximately $480M. In details, the census was based on 56 ... read more
In June 2014, oil prices were slashed from a high of $112 to a low of $58 in December 2014. This bearish trend meant different things to the fiscal balances of oil importing countries and to those of oil ... read more
Lebanon’s fiscal deficit contracted by 27.19% in 2014 to reach $3.07B by end of year, coupled with a primary surplus (which excludes debt services) of $1.31B, compared to the $239.68M primary deficit ... read more
While talented Lebanese designers were dressing worldwide celebrities and invading haute couture catwalks in the international fashion weeks, Lebanon’s apparel industry seemed to be fading over the past ... read more
The drop in the registered number of Syrian refugees served to reduce pressure on the Jordanian Kingdom and allowed for a positive outlook for 2015. In fact, the UNHCR expected the number of Syrian ... read more
Rafic Hariri International Airport (RHIA) activity registered a 4.9% y-o-y growth in the total number of passengers reaching 6.57M during 2014. The airline traffic was highly affected by the regional and ... read more
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