The month of January 2021 witnessed a further deterioration of the economic conditions in Lebanon. Besides the usual suspects of exchange rate depreciations and liquidity constraints etc.., the country ... read more
Moody’s assigned a sovereign credit rating of C to Lebanon. The C rating reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.53B by August 2020, down from last year’s $2.95B. In detail, the substantial deficit is attributed ... read more
The Lebanese economy has been struggling during H1 2019. The pressure has been rising to handle the large twin deficits and the very high level of public debt. The Lebanese private sector continued to ... read more
Lebanon’s BLOM Bond Index (BBI) partly reversed last week’s 3.29% dip as it recorded an uptick of 1.19% to stand at 89.51 points by July 18th 2019. The improvement may be attributed to JP Morgan recently ... read more
In the words of James W. Frick, the American author, “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are”. In the same spirit, the Central ... read more
While other Arab countries were struggling to stop the flow of blood on their land, the United Arab Emirates (UAE) was setting for its space exploration of the red planet Mars. Other megaprojects and ... read more
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