Although total tourist spending in the first half of 2016 plunged by 14% y-o-y, it improved in the second half of 2016. According to Global Blue, tourist spending in 2016 recorded a decelerated plunge of ... 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
A version of this article appeared in the print edition of The Daily Star on September 22, 2016, on page 4. Lebanon’s half absent electricity remains a major source of social and financial distress for the ... read more
The Lebanese Central Bank (BDL) approved on the first of June 2016, the request of Credit Libanais Bank to sell 2.7M shares of EFG Hermes stake in the Lebanese Bank to the Bahraini Holding CIH S.A.L and ... read more
The Beirut Stock Exchange (BSE) witnessed a positive performance on Friday as the BLOM Stock Index (BSI) went up by 0.09% to 1,155.17 points following the trade of 625,311 shares worth $4.59M. In the real ... read more
During Thursday’s trading session on the London Stock Exchange (LSE), two out of the four listed Lebanese GDRs were traded. In details, the GDRs of BLOM Bank added 0.49% to $10.35 after 8,124 shares worth ... read more
The Lebanese Eurobonds market witnessed a weaker demand for the medium term maturities on Thursday as reflected in the BLOM Bond Index (BBI) which lost a mere 0.01% to 104.00 points. The yield on the ... read more
At 10:00 am Beirut time, the Euro was quoted at €/$ 1.1154, the equivalent of €/LBP 1,681.47, appreciating by 0.04% against the US Dollar. The euro went up against the dollar today as the results of the ... read more
In line with the Central Bank’s (BDL) attempt to decrease the number of banks in Lebanon due to the fierce competition, and following the merger deal between Banque de L’Industrie et du Travail S.A.L (BIT) ... read more
During its extraordinary general assembly held on May 26, 2016, Bank of Beirut (BoB) decided to increase the bank’s capital from LBP 109.38B to LBP 115.22B by issuing 4 million preferred shares class “K”. ... read more
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