Lebanon witnessed the birth of startup companies by the time the Central Bank issued Circular 331 on August 22nd 2013. The Circular had as the main purpose the improvement of the Lebanese eco-system along ... read more
After a delay in government formation efforts, Lebanon’s economy is expected to contract further in 2021, in addition to drops in private consumption and exacerbating economic, exchange rate and debt ... read more
The data released by the Ministry of Finance (MoF) recently, indicated that Lebanon’s gross public debt hit $95.94B in the first month of 2021, thereby recording an annual increase of 4.3%. The rise is ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.06% compared to last year, to reach $152.22B by end of March 2021. The increase was mainly due to the 8.65% ... read more
While the rest of the world moves beyond Coronavirus measures, Lebanon struggles to grapple with dual crises. Most nations began to overcome the standstill generated by the notorious pandemic. This is ... read more
On the back of BDL’s Circular No.532 (issued Nov. 04th) which instructed commercial banks in Lebanon to raise their Capital by 10% before year-end (and another 10% by end-June 2020), the Board of Directors ... read more
The Alpha Group’s (Top Lebanese Banks with more than $2B in deposits) total assets registered an increase in 2018, in large part due to higher domestic assets. According to Bank Data, the Alpha Group’s ... read more
lebanese Forex Market The Lebanese Pound steadied this week within the range of $/LP 1,514 – 1,514.5 against the dollar with a mid-price of $/LP 1,514.25. The peg continues to be supported by the ... read more
The Great Recession epitomizes a period of extraordinary financial stress. The emergence and ignition of the financial crisis of 2007-2008 scarred the US economy and spilled over financial stress to the ... read more
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