BLOM PMI revealed its highest reading in five months in June at 49.3, up from 48.0 in May, indicating a slower fall in overall business activity. The improvement in the private sector was supported by the ... read more
According to the Ministry of Finance (MoF), the item “Salaries, Wages and Related Benefits” of government spending, which mainly includes the cost of basic salaries, allowances and indemnities, increased ... read more
During the week ending June 11 2015, broad Money M3 decreased by LP 229B ($152.07M), to reach LP 181,191B ($120.19B) with a 5.16% yearly growth and a 2.14% y-t-d uptick. Similarly, M1 went down by LP 90B ... read more
Transfers to EdL for the first 10 months of 2014 showed a 9.3% year-on-year (y-o-y) drop to $1.63B. This was mainly due to the fact that international prices of oil fell by a yearly average of 0.05% by, ... read more
The Lebanese gross public debt amounted to $69.46B (LBP 104,708B), or 146.24% of Lebanon’s GDP, by April 2015, broadening by 7.06% year-on-year (y-o-y) and 4.34% year-to-date (y-t-d). Debt in domestic ... read more
Endowed with the ideal Mediterranean climate and a diverse landscape of a sun-drenched waterfront, looming summits and desiccated valleys, Lebanon has long been prolific terrain for vineyards. More than ... read more
The stable Lebanese security scene in 2015 has played in favor of the tourism sector despite the ongoing political deadlock. According to the Ministry of Tourism, the number of tourist arrivals rose by a ... read more
During the week period ending June 11, 2015, broad Money M3 decreased by LP 229B ($152.07M), to reach LP 181,191B ($120.19B) with a 5.16% yearly growth and a 2.14% y-t-d uptick. Similarly, M1 went down by ... read more
The value of cleared checks fell 4.30% during the first five months of the year, which might be due to lower business spending, and the fact that people are possibly substituting payments via checks with ... read more
According to Ernst & Young Middle East hotel benchmark survey, Lebanon registered the second largest year-on-year (y-o-y) improvement in its occupancy rate by May, just after Egypt. This goes parallel ... read more
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