The latest data by the Association of Banks (ABL) revealed that the total value of cleared checks declined by an annual 15.8% to stand at $32.6B by July 2019. In turn, the total number of checks fell by ... read more
Overview H1 2019 carried political, economic, and social headwinds. Lebanon faced various political, social, and economic difficulties in the first 6 months of 2019, starting with a prolonged delay in ... read more
During the month of July 2019, Lebanon’s Purchasing Managers’ Index (PMI) recorded its highest reading since 2.5 years ago, with the index standing at 47.7 points, still below the neutral mark of 50 points ... read more
According to Kafalat, the number of loan guarantees dropped from 228 guarantees by H1 2018 to 38 loans by June of this year 2019. Accordingly, the total value of issued loan guarantees also plunged from ... read more
According to the latest figures by the Ministry of Finance (MoF), Lebanon’s cash basis -fiscal deficit fell from $2.92B by May 2018 to $2.39B in the first five months of 2019. The improvement in the ... read more
According to the consolidated statements of Bank of Beirut (BOB), the bank’s net profits slid by an annual 16.06% to $65.9M in H1 2019. In fact, the decline came on the back of a yearly down tick ... read more
Lebanon’s BLOM Bond Index (BBI) partly reversed last week’s 3.29% dip as it recorded an uptick of 1.19% to stand at 89.51 points by July 18th 2019. The improvement may be attributed to JP Morgan recently ... read more
Beirut-Rafik Hariri International Airport received an additional 78,221 travelers in the first 5 months of 2019 when compared to the same period last year, to reach 3.1 million passengers. The number of ... read more
The Ministry of Finance (MoF) recently released updated figures of Lebanon’s debt, which revealed an annual uptick in gross public debt during the first four months of the year. Lebanon’s gross ... read more
The latest figures released by the Association of Banks (ABL) revealed that the total value of cleared checks lost a yearly 16.3% to stand at $27.5B in the first six months of the year. By the same token, ... read more
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