Special Drawing Rights (SDR) are created and owned by the International Monetary Fund (IMF), a way to maintain central bank reserves for all 190 country members. As such, members have the right to buy and ... read more
For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed ... read more
According to the Ministry of Finance, transfers to EDL stood at $386.58M by April 2020, declining by 23.71% compared to the same period last year. This was mainly due to lower payments to KPC and Sonatrach ... read more
Lebanon trade balance deteriorated in the first half of 2019 due mainly to the large increase in oil imports. Lebanon’s trade deficit widened in the first 6 months of the year to reach $8.41B, up by 4.58% ... read more
The collapse in global crude oil prices since June 2014 had a significant impact on economies, governments and business. Lebanon was no exception to this rule. One of the local markets to bear the brunt of ... read more
According to the Ministry of Finance, transfers to EDL increased by a yearly 3.3% to reach $2.09B during year 2014. In hindsight, reimbursements for the purchase of gas and fuel from the two suppliers KPC ... read more
Transfers to EdL for the first four months of 2014 revealed a 10% year-on-year (y-o-y) decline to $653.84M. This drop was due to the 8% y-o-y decrease in payments to fuel oil and gas oil suppliers KPC and ... read more
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