Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for Finance

Lebanon ranks 49th globally for microfinance environment

The Economist Intelligence Unit’s Global Microfinance Index ranked Lebanon in 49th place among 54 countries worldwide and in last place among 14 countries in the Middle East and Africa (MENA) in terms of the environment for microfinance, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. Also, Lebanon came 12th among 14 Upper Middle Income Countries (UMICs) included in the survey.
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Alpha banks see 20 percent profit rise in first nine months

Alpha banks see 20 percent profit rise in first nine monthsFinancial indicators of the top 12 banks operating in Lebanon showed moderate growth in activity in the first nine months of 2010, Bank Audi’s Lebanon Weekly Monitor, citing the alpha report issued by Bankdata Financial Services, reported.
The report stated that loans registered a substantial growth over the aforementioned period of this year, supporting earning growth in a period that witnessed relatively tough operating conditions.
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Beirut Islamic Financial Institutions Forum

On the local scene, the Islamic banking sector was introduced to Lebanon 15 years ago but in just six short years, since its establishment in 2004, Arab Finance House (AFH) was able to reach the top position amongst Lebanese Islamic financial institutions and to obtain more than 60% of the market share.

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Lebanon to Delay IPO of Middle East Airlines, Central Bank’s Salameh Says

Lebanon will delay an initial public offering of shares in national carrier Middle East Airlines that was due by the end of this year because of unfavorable market conditions, Central Bank Governor Riad Salameh said.

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Lebanese government missed opportunity to improve public finances – IIF

The Institute of International Finance (IIF) indicated that Lebanese authorities missed an opportunity to implement significant fiscal measures during the current favorable economic conditions, as the 2010 budget does not aim for a significant primary surplus through the implementation of long-delayed reforms, as reported by Lebanon This Week, the Byblos Bank Group’s economic publication.

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Disappointing Budget, reforms delayed and jumping and global rates negatively impacting public finance

According to Byblos Bank’s Lebanon This Week, HSBC Bank Middle East indicated that the Cabinet’s approval of the 2010 budget, the first budget to be ratified since 2005, reflects the slow normalization of policy-making after years of discord. It expressed disappointment about the content of the budget, adding that it is light on reforms and projects the largest fiscal deficit on record…

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Lebanese pound is best investment, experts say

In the midst of a crisis of the euro and with the world’s major currencies also facing gloomy prospects, Lebanese forex traders should invest in no less than their own currency to turn a safe profit, a group of experts concluded at the Banque Libano-Francaise on Wednesday.
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