In his book “The Great Divide”, Nobel Prize winner Joseph Stiglitz highlights the idea that, in the period leading up to the 2008 financial crisis, large banks lost sight of their main function: financial ... read more
A version of this article appeared in the print edition of The Daily Star on November 11, 2016, on page 4. General Overview Tied to the economic, political, social and demographic aspects of the country, ... read more
During the week ending November 10, Lebanese Eurobonds witnessed a slight fall, as the BLOM Bond Index (BBI) declined 0.15% over the week to reach 102.44 points. Still, the BBI outperformed the JP Morgan ... read more
Lebanese Forex Market Demand for the dollar on the Lebanese forex market steadied over the past week, where the value of the Lebanese pound against the dollar maintained a mid-price of $/LP 1,514.25 within ... read more
The Lebanese Bourse registered a marginal fall this week, where the BLOM Stock Index (BSI) dropped by a weekly 0.04% to 1,217.12 points. Accordingly, market capitalization on the Beirut Stock Exchange ... read more
According to Business News, the completion of 3 industrial cities planned by the Ministry of Industry in collaboration with United Nations Industrial Development Organization (UNIDO) and the Association of ... read more
According to Kafalat, the number of loan guarantees grew from 557 guarantees by October 2015 to 592 guarantees by October 2016. The overall value of the guarantees rose 1.67% to reach $78.16M by October ... read more
After two and a half years of political deadlock, Lebanon had finally witnessed by the end of October 2016 the election of a new president. This recent political development has spurred optimistic hopes ... read more
Due to its different altitudes, the variety of its plants, and the flowering season Lebanon is one of the few countries where bees forage natural sources of nectar through out the year... read more
The lower number of GCC tourists coming to Lebanon led to a 10% y-o-y fall in tourist spending by the third quarter (Q3) of 2016, according to Global Blue. However, on a quarterly basis, the occurrence of ... read more
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