Following the general assembly’s approval on the 4th of November, Cedrus Bank S.A.L increased its capital by $9.95M to $17.91M by issuing 1.5M nominal shares with a value of $6.63/share. These shares were ... 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
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly include the cost of basic salaries, allowances and indemnities paid to employees of the public sector, ... read more
To promote the Lebanese economy and generate new job opportunities, Lebanon’s central bank, Banque du Liban (BdL), has been offering low cost incentives to the private sector through banks. In 2013, BdL ... read more
Rafic Hariri International Airport (RHIA) activity improved during the first 4 months of 2015, where the total number of passengers increased by 9.61% year-on-year (y-o-y) to 1.97M. The number of arrivals ... read more
Bank of Beirut (BoB) ended Q1 2015 with a net profit of $40.55M, representing a 10.23% rise from the same period last year. This increase was primarily driven by the 16.45% y-o-y surge in net interest ... read more
BLC Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters on May 12, 2015 at 12 pm. The meeting’s agenda will include hearings of ... read more
During the three-week period starting March 12 to April 2 2015, broad Money M3 increased by LP 784B ($519.96M), to reach LP 177,868B ($117.99M) with a 5.00% year-on-year growth and 0.3% year-to-date ... read more
The Lebanese car importers extended their contracting performance by March 2015, mirroring the economic slowdown that was overshadowing Lebanon in the past few years and heavily impacting their car sales. ... read more
During the period 02-17 April 2015, demand for the dollar remained stable as shown by the Lebanese pound’s peg against the dollar which stabilized at $/LP 1,510-1,514 with a mid-price of $/LP 1,512. ... read more
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