On the London Stock Exchange (LSE), two out of the four listed Lebanese Global Depository Receipts (GDRs) were traded on Monday. In details, 28,500 GDRs of BLOM changed hands at $9.60, 0.52% higher than ... read more
Demand on the Lebanese Eurobonds market weakened on Monday, illustrated by an upward shift of the yield curve. This caused the BLOM Bond Index (BBI) to drop by 0.18% to 104.39 points, broadening its ... read more
At 12:30 Beirut time, the Euro was quoted at €/$ 1.0742, the equivalent of €/LBP 1,619.36, depreciating against the US Dollar by 0.10% from Monday’s close. In the U.S., strong economic data continued to ... read more
Total consolidated assets of commercial banks reached $181.34B by September, a 3.21% growth since year start, and an expansion of 5.84% year-on-year (y-o-y). In terms of assets, total reserves, with a ... read more
Lebanon’s Balance of payments (BoP) deficit reached $1.77B by September 2015, the biggest since 2012 and five times higher than the $301.8M deficit recorded a year earlier. The deterioration in the BoP is ... read more
During the 2 weeks ending October 22, 2015, broad Money M3 declined by LP 255B ($169.45M), to reach LP 183,661B ($121.83B) posting a 5.00 % yearly growth and a 3.53% y-t-d uptick. Similarly, M1 dropped by ... read more
Lebanese Forex Market: Demand for the dollar on the Lebanese forex market steadied as the exchange rate remained at $/LP 1,510-1,514 with a mid-price of $/LP 1,512. Foreign assets (excluding gold) of the ... read more
Rafic Hariri International Airport (RHIA) activity progressed during the first 10 months of 2015, where the total number of passengers increased by 9.93% year-on-year (y-o-y) to 6.12M. The number of ... read more
The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem its 1,000,000 BLF preferred shares 2010 Series 2 worth LP 10,000,000,000. These shares will be replaced by 1,000,000 common shares ... read more
According to the Ministry of Finance, transfers to EDL reached $315.46M up to March 2015, significantly lower than the $615.13M recorded during Q1 2014. Excluding EDL’s debt service, the reimbursements for ... read more
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