Lebanon has been recording a fiscal deficit for more than 9 years, reaching a maximum of $4.22B in 2013. The deficit narrowed by 27.18% in 2014, then deteriorated again in 2015. The slowdown in economic ... read more
Bank Audi’s Turkish subsidiary, ODEA Bank, announced its results for the year 2015. The Bank’s financial statements revealed a surge in its net profits from $121,000 in 2014 to $17.60M in 2015. This was ... read more
The year 2015 proved to be another challenging year for Lebanon. The private and public sectors, for which Lebanese banks are the main financiers, had a tough run. According to the BLOM Lebanon PMI, the ... read more
For many workers in the Lebanese private sector, reaching retirement age entails confronting an ambiguous future with inadequate access to social protection. This yields a large section of the population ... read more
Kindly find below the link to an interview entitled: Meet Annalisa Fedelino, the International Monetary Fund’s (IMF) Mission Chief for Lebanon. In the interview, also available in English and French, ... read more
In its most recent Pharmaceuticals and Healthcare report for Lebanon, Business Monitor International (BMI) issued a “cautiously optimistic” outlook for the market over the coming years. BMI believes that ... read more
Investors’ confidence in the economic outlook of MENA countries did not improve in the last quarter of 2015. The geo-political risks of the region that kept on aggravating and the worsening oil prices ... read more
Lebanese Forex Market: Demand for the Dollar in the Lebanese Forex Market steadied over the past week as the value of the dollar stabilized at $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514. Foreign ... read more
The Lebanese trade deficit has been narrowing during the past two years, resulting from a faster decline in the value of imports than exports. In 2015, Lebanon recorded a trade deficit of $15.12B, compared ... read more
Lebanon ended 2015 with disparate developments on the security and political fronts. Two suicide bombings alarmed the security situation in November. However, 2015 was wrapped with positive expectations ... read more
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