Demand on the Lebanese Eurobonds market weakened on Monday, illustrated by an upward shift of the yield curve. This caused the BLOM Bond Index (BBI) to drop by 0.18% to 104.39 points, broadening its ... read more
At 12:30 Beirut time, the Euro was quoted at €/$ 1.0742, the equivalent of €/LBP 1,619.36, depreciating against the US Dollar by 0.10% from Monday’s close. In the U.S., strong economic data continued to ... read more
Total consolidated assets of commercial banks reached $181.34B by September, a 3.21% growth since year start, and an expansion of 5.84% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
Lebanon’s Balance of payments (BoP) deficit reached $1.77B by September 2015, the biggest since 2012 and five times higher than the $301.8M deficit recorded a year earlier. The deterioration in the BoP is ... read more
Food and Beverage are deeply embedded in the Lebanese culture. The traditional table of Lebanese mezze nurtured a love for variety, sharing and authenticity amongst the Lebanese people. The successful ... read more
During the 2 weeks ending October 22, 2015, broad Money M3 declined by LP 255B ($169.45M), to reach LP 183,661B ($121.83B) posting a 5.00 % yearly growth and a 3.53% y-t-d uptick. Similarly, M1 dropped by ... read more
The real estate sector kept weakening the Beirut Stock Exchange (BSE), with the BLOM Stock Index (BSI) dropping 2.01% to end the week at 1,108.49 points. However, the average traded volume and value went ... read more
The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem its 1,000,000 BLF preferred shares 2010 Series 2 worth LP 10,000,000,000. These shares will be replaced by 1,000,000 common shares ... read more
According to the Ministry of Finance, transfers to EDL reached $315.46M up to March 2015, significantly lower than the $615.13M recorded during Q1 2014. Excluding EDL’s debt service, the reimbursements for ... read more
In spite of lower cost burdens on Lebanese businesses, the BLOM Lebanon PMI fell from 48.1 in September to 47.1 in October, indicating a more pronounced setback in the private sector’s activity. The output ... read more
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