Lebanon’s trade deficit contracted by 0.58% year-on-year (y-o-y) in the first five months of 2017 to stand at $6.72B. Accordingly, total imports grew by an incremental 0.77% y-o-y to $7.92B. However, ... read more
A shorter version of this article appeared in the print edition of The Daily Star on June 23, 2016, on page 4. It goes without saying that the industrial sector in Lebanon remains in a challenging ... read more
By Ali Bolbol, Chief Economist at BLOM Bank and Alexandre Mouradian, Head of Investor Relations at Blominvest Bank Introduction It is still fairly hard in the economics literature to come up with a ... read more
According to the Central Bank of Lebanon (BDL), total assets of commercial banks increased by 1.26% year-to-date (y-t-d) to reach a value of $206.89B. The increase in total assets was mainly due to the ... read more
BLOM PMI revealed its lowest reading in eight months in June at 46.1, down from 46.6 in May, indicating a faster fall in overall business activity. The contraction in the private sector’s business ... read more
Despite the improvement in the tourism sector, Lebanon’s Balance of Payments registered a deficit of $357.6M during the first 5 months of the year compared to a deficit of $1.76B by May 2016. By May 2017, ... read more
According to the balance sheet of Banque du Liban (BdL), total Assets went up from $102.32B in December 2016 to $105.18B by June 2017. In details, Foreign Assets (constituting 39.06% of total BDL Assets) ... read more
Lebanese Forex Market Demand for the dollar remained stable on the Lebanese Forex market with the value of the Lebanese Pound trading within the range of $/LP 1,514 – 1,514.5 with a mid-price of $/LP ... read more
The statement of comprehensive income of the “Societe Libanaise des Ciments Blancs” revealed an increase in the company’s profit from $2.77M in 2015 to $4.39M in 2016. Revenue dropped from $12.77M in 2015 ... read more
According to the Ministry of Finance, personnel costs increased by a yearly 2.8% to $3.63B by September 2016. In details, this rise in personnel costs can mainly be attributed to the 2.7% increase in ... read more
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