A version of this article appeared in the print edition of The Daily Star on December 06, 2017, on page 4. Every national government sustains itself by raising money domestically, through taxes, and by ... read more
According to the Ministry of Finance, transfers to EDL rose substantially to stand at LBP 545.66B ($361.96M), compared to LBP 316.89B ($210.21M) This rise mainly resulted from the increase in payments to ... read more
The BLOM Stock Index (BSI) rose by a weekly 0.60% to 1,167.50 points this Friday, following the release of the listed banks’ financial results for the first nine months of the year. During the week an ... read more
During the week of 12 – 19 October 2017, Broad Money (M3) declined by a weekly LBP 32B ($21M) to reach LBP 208,876B ($139B). Nonetheless, M3 grew by 7.50% on a year-on-year basis and a similar 4.94% ... read more
Over the past week, the BLOM Bond Index (BBI) gained an incremental 0.11%, to end the week at 102.38 points. However, the BBI was surpassed by the JP Morgan Emerging Markets’ Bond Index (EMBI) which rose ... read more
Contraction in the private sector’s economy accelerated in October as the BLOM PMI declined further to 45.8 points. The index remained below the neutral mark of 50, separating economic contraction from ... read more
The activity at the Rafic Hariri International Airport continued its substantial growth as the total number of passengers rose by an annual 6.55% to stand at 6.4M in the first 9 months of the year. In ... read more
Discover today’s performance of BLOM indices, the closing prices of Lebanese stocks and Eurobonds, as well as the exchange rate of major currencies against the LBP. read more
The consolidated financial statements of BEMO Bank showed an increase in the bank’s profit of 28.2% year-on-year (YOY) to $13.32M by September 2017. The higher profit was a result of an increase in the net ... read more
The consolidated financial statements of Byblos Bank revealed a 0.76% year-on-year (YOY) uptick in Byblos Bank’s profit to $114.5M by September 2017. The bank’s official statement explains the increase in ... read more
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