Within a Middle East mired by conflicts and amidst political deadlocks at home, the operating environment for Lebanese banks has been tough since 2011. Add to that, new anti-terrorism financing laws and ... read more
Egypt inaugurated 2016 with a bunch of new economic decisions and international deals topped by the Central Bank of Egypt’s (CBE) new monetary measures. As a matter of fact, the lack of net foreign ... read more
The Beirut Stock Exchange (BSE) underwent a week of profit taking on Audi stocks, sending the BLOM Stock Index (BSI) 0.98% lower following five weeks of improving performance. Accordingly, the index ended ... read more
Lebanon’s infrastructure was extremely damaged by the 1975-1990 civil war. The quality of public utilities decayed further after the war in 2006 and the Syrian war in 2011. Since then, Lebanon has lacked ... read more
Demand for Lebanese Eurobonds increased over the week, as revealed by the BLOM Bond Index (BBI) that added 0.08% over the week to 103.75 points. Hence, the Lebanese gauge could not outperform the JP Morgan ... read more
On the Beirut Stock Exchange (BSE), 3 out of the 7 traded stocks showed positive performance today. However, the cross trade on Solidere “B” shares pushed up the BLOM Stock Index (BSI) by the end of ... read more
According to Kafalat, the number of granted guarantees increased from 143 in the first quarter (Q1) of 2015 to 172 in Q1 2016 and their value rose from $19.6M in Q1 2015 to $24.3M in Q1 2016. In terms of ... read more
During the week ending March 24, broad Money M3 grew by LP 293B ($194.36M) to reach LP 187,238B ($124.20B). M3 registered a 5.92% yearly growth and a 0.34% year-to-date uptick. Similarly, M1 widened by LP ... read more
According to the Association of Banks in Lebanon (ABL), the Lebanese gross public debt reached $71.21B in February 2016, a 2.84% year-on-year (y-o-y) increase. Debt in LBP, accounting for 61.8% of total ... read more
During the third month of the year, the private sector’s economy witnessed the fastest contraction in 26 months. The BLOM Purchasing Managers’ Index (PMI) registered a reading of 45, declining further ... read more
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