S&P Global Ratings maintained in their RatingsDirect, issued on 21 February 2022, Lebanon’s Ratings at SD for Foreign Currency and at CC for Long-Term Local Currency. The foreign currency rating ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.53B by August 2020, down from last year’s $2.95B. In detail, the substantial deficit is attributed ... read more
According to Ernst & Young Middle East hotel benchmark survey, looking at the month of September alone, Beirut’s occupancy rate lost ground, declining by 3 percentage points (p.p). to 53% from ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit narrowed by 6.44% year-on-year (y-o-y) to reach $111.66M in January 2015. The fiscal deficit tightened following a 16.78% y-o-y slump in total ... read more
Beirut, once nicknamed the “The Paris of the Middle East”, suffered in the previous years because of persistent political deadlocks and ongoing unrest in the region. The 6% y-o-y increment to 1.35M in ... read more
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