According to the Ministry of Finance, transfers to EDL witnessed a significant yearly increase of 37.87% to reach $ 1.23B by September 2018. In details “Payments to fuel and oil gas suppliers KPC and SPC” ... read more
In the first half of 2018, Lebanon has failed to maintain a positive uptrend in its trade activity despite the improving political scene in Lebanon and the region. Lebanon’s trade deficit widened in the ... read more
Saudi Arabia’s new crown prince, Mohammad Bin Salman, dubbed “MBS”, made headlines in 2017. MBS’s arrival to power is in itself a controversial shakeup; in fact, it was Mohammad bin Nayef and not MBS who ... read more
According to the Ministry of Finance, transfers to EDL rose by LBP 397.45B ($263.65M) to stand at LBP 1,350B ($895.5M), compared to LBP 952.16B ($631.6M). This rise mainly resulted from the increase in ... read more
According to the ministry of Finance, in August 2017, transfers to EDL reached LBP 318.20B ($211.08M). Indeed, transfers rose considerably by LBP 482.86B ($320.30M) between Jan-August 2016 (LBP 785.71B) ... read more
According to the Ministry of Finance, transfers to EDL rose substantially to stand at LBP 545.66B ($361.96M), compared to LBP 316.89B ($210.21M) This rise mainly resulted from the increase in payments to ... read more
According to the Ministry of Finance, transfers to EDL doubled the first 2 months of 2017, compared to the same period last year, reaching LBP 309.07B ($250.02M). This rise mainly resulted from the ... read more
According to the Ministry of Finance, transfers to EDL reached $926M by the end of 2016, substantially lower than the $1.13B transferred over the same period in 2015. This decline mainly resulted from the ... read more
According to the Ministry of Finance (MOF), treasury transfers to EDL (Debt service and reimbursement of gas and fuel purchases) totaled $819.8M in the first eleven months of 2016, 22.3% lower than the ... read more
The collapse in global crude oil prices since June 2014 had a significant impact on economies, governments and business. Lebanon was no exception to this rule. One of the local markets to bear the brunt of ... read more
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