According to Ernst and Young’s Hotel Benchmark Survey, Beirut’s hotel occupancy rate in December 2016 increased by 6 percentage points (p.p) to stand at 64%, compared to 58% in the same period last year. ... read more
Although total tourist spending in the first half of 2016 plunged by 14% y-o-y, it improved in the second half of 2016. According to Global Blue, tourist spending in 2016 recorded a decelerated plunge of ... read more
According to Kafalat, the number of loan guarantees grew from 557 guarantees by October 2015 to 592 guarantees by October 2016. The overall value of the guarantees rose 1.67% to reach $78.16M by October ... read more
The lower number of GCC tourists coming to Lebanon led to a 10% y-o-y fall in tourist spending by the third quarter (Q3) of 2016, according to Global Blue. However, on a quarterly basis, the occurrence of ... read more
Lebanon’s natural diverse landscape, history and its cosmopolitan aspect have made it one of the “must visit” countries in the world. In winter, tourists enjoy the ski season on the country’s slopes. While ... read more
No economic progress was recorded when it comes to Egypt during the second quarter of 2016. The country kept on suffering from draining foreign currency (FC) reserves and an overvalued exchange rate. From ... read more
The number of tourist arrivals in the first half of 2016 has risen, but the figure masks many underlying challenges faced by the Lebanese tourism sector. With the absence of Arab tourists, the sector no ... read more
Pressures on the Jordanian economy continued to grow over the first six months of 2016. As registered refugee numbers remain around the 650,000-mark and funding remains woefully short of the necessary ... read more
Weak oil prices and political climate continued to dictate economic performance in the MENA region during the first quarter of 2016. Despite the slight year-to-date uptick in oil prices, oil exporting ... read more
Within a Middle East mired by conflicts and amidst political deadlocks at home, the operating environment for Lebanese banks has been tough since 2011. Add to that, new anti-terrorism financing laws and ... read more
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