According to the World’s Bank logistics performance index (LPI), Lebanon recorded an LPI score of 2.72 in 2016, which ranked it 82nd out of 160 countries, compared to a score of 2.73 and a rank of 85 in ... read more
The year 2015 held some glimmers of positivity for Lebanon with better security conditions, resurgence in the tourism sector, robust lending to the private sector and a decline in international oil prices ... read more
As part of its Sustainable Energy Finance Program, the International Finance Corporation (IFC), a member of the World Bank Group, with the support of the Government of Canada, extended a $7M loan to the ... read more
The Berytech II Fund, which was announced in 2013, ended its latest round of funding at $51.5M. These funds are to be used to motivate people to create startups and SMEs in the ICT sector in a bid to raise ... read more
The global economy has witnessed the most significant slide in oil prices since 2008, with global oil prices slashed by more than half between mid-June and early 2015. This decrease can be attributed to ... read more
Rising with summer heats, periodic blackouts grew into a chronic disease obstructing the daily lives of Lebanon’s citizens who suffer, each day, up to 12 hours of power cuts. Diesel generators became the ... read more
Global Finance, the prestigious international financial institution awarded BLOM Bank “Best Bank in Lebanon for 2014” in a ceremony that occurred as a derivative of the Annual Meetings of the International ... read more
Lebanon’s public finances have long been precarious. According to the World Bank, in the 10 years prior to the Syrian conflict, the fiscal deficit averaged 9.7% of GDP, taking the debt to GDP ratio to a ... read more
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