Business conditions failed to maintain their momentum in March and revealed a worsening business activity amongst companies in the private sector. Levels of Output and New Orders contracted at a faster ... read more
According to the Ministry of Tourism, the total number of tourist arrivals to Lebanon increased by an annual 2.97% to 221,695 tourists by February 2018. While Arab tourists used to represent the largest ... read more
According to Ernst and Young’s Hotel Benchmark Survey, following the shocking resignation of PM Saad Hariri, which shook the Lebanese political scene, Beirut’s hotel occupancy rate in December 2017 dropped ... read more
Over the month of February 2018, business activity at the Lebanese private sector witnessed a slower slowdown as a result of smoother drops in Output and New Orders. This led the BLOM Purchasing Managers’ ... read more
According to Kafalat, the number of issued loan guarantees stood at 39 guarantees in January 2018, compared to 47 guarantees in January 2017. The overall value of the guarantees also contracted from $5.34M ... read more
Tourism remains one of the main pillars in the Lebanese economy, accounting for more than 19% of GDP. The improving political stability in Lebanon and the region in 2017 has spurred the recovery of the ... read more
Business activity at the Lebanese private sector kicked off 2018 revealing a continuing recession, yet the slowest recorded in nine months. Declines in Output and New Orders were smoother in January 2018 ... read more
According to Global Blue, tourist spending in Lebanon rose by a yearly 5.5% by December 2017, compared to end 2016. The rise is mainly attributed to increasing tourist spending by Syrians, Kuwaitis, and ... read more
As mirrored by a contracting PMI, the private sectors’ activity has been deteriorating in the past few years. As such, given the slow economic conditions in Lebanon, the number of loan guarantees plummeted ... read more
According to the Ministry of Tourism, the number of tourist arrivals increased by an annual 10.86% to settle at 1.71M by November 2017. In fact, the number of tourists coming from the Arab countries, ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here