Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for Saad Andary

Central Bank: Lebanon real-estate industry not a bubble

Growth in Lebanon’s real-estate market, which has helped to spur economic growth, is unlikely to create a housing bubble, the country’s central bank Vice Governor Saad Andary said.

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Lebanon’s economy may grow more than 5 % this year

Lebanon’s economy may grow more than 5 percent this year as money floods into the country, cutting borrowing costs and enabling the central bank to maintain investment incentives, the central bank’s Vice Governor Saad Andary said.
“I am confident we are going to replicate last year’s growth rate,” Andary said in an interview in Beirut today. “Interest rates have dropped and banks are flush with liquidity.”

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