At 16:15 Beirut time, the Euro was quoted at €/$ 1.1175, the equivalent of €/LBP 1,684.63, appreciating by 0.18% against the US Dollar. The euro edged higher on Tuesday as investors’ appetite for risk was ... read more
The prominent trends of both the depreciating Euro and falling international oil prices are the main factors behind the tightening of Lebanon’s trade deficit since the start of the year. Lebanon’s trade ... read more
According to the Ministry of Finance, transfers to EDL reached $386.43M up to April 2015, significantly lower than the $731.84M over the same period in 2014. Excluding EDL’s debt service, the ... read more
The economic outlook of MENA countries remained gloomy during the third quarter of 2015 due to low oil prices and intensifying conflicts in many parts of the region. Economies of oil-exporting countries ... read more
The newly appointed king Salman reshuffled several power positions in the Kingdom. After Prince Muqrin relinquished the title of crown prince, Muhammad Bin Nayef was appointed to the role. As for the ... read more
We recommend a HOLD on Sidi Kerir’s shares with a target price of EGP 13.32, using DCF Model. Our recommendation is based on the company’s performance especially in 2014 and Q1 2015, which showed tighter ... read more
Demand for the dollar, in the Lebanese’s FOREX market, weakened over the week, as reflected by the Lebanese pound’s peg against the dollar that decreased from $/LP 1,510-1,514 with a mid-price of $/LP ... read more
While other Arab countries were struggling to stop the flow of blood on their land, the United Arab Emirates (UAE) was setting for its space exploration of the red planet Mars. Other megaprojects and ... read more
Transfers to EdL for the first four months of 2014 revealed a 10% year-on-year (y-o-y) decline to $653.84M. This drop was due to the 8% y-o-y decrease in payments to fuel oil and gas oil suppliers KPC and ... read more
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