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EECOY NEWS

STATISTICS

  • Number of inernet users in Lebanon at 3.2 million in 2017 compared to 2 million users in 2012. Madar Research and Development
  • Car sales increased by 2 percent in the first ten months of 2013.
  •  Total number of real estate transactions reached 31,943 in the first half of  2013, down 7.1% from 34,388 in the same last year period, according to the Ministry...
  • A total of 7,484 new passenger cars were sold in the first quarter of 2013,registering
  • Fiscal deficit up by 67.6%   Reached $3.9 billion in 2012, registering an increase by 67.6% from $2.3 billion from previous year, according to figures released...
  • Car sales up 6%
  • Total assets of commercial banks in Lebanon reached $149.4 billlion at the end of October 2012, up 7% from end-October 2011.
  • 20,187 new passenger cars were sold in the first seven months of 2012, registering a rise of 8.8% from the 18,556 cars sold in the same last year period, according to the...

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BANKING

  • International ratings agency Moody's on Monday downgraded to negative from stable the outlook on Lebanon's banking system, due in part to upheavals in the Arab world, especially in neighbouring Syria.
  • Lebanon’s banking sector seems to have withstood the Arab uprising storm and domestic economic slowdown. Commercial bank’s assets reached $138 billion by end September 2011, posting an increase of 9.2 percent from the same last year period.
  • Going green is no longer a social or an environmental need in Lebanon but has become at the heart the Central Bank’s strategy. Since energy and water efficiency and waste reduction are of high concern for Lebanon,
  • With a capital of $5 million, a bank  for the poor will launch its operations in Lebanon within the coming six months.
  • The Lebanese banking sector witnessed low growth in the first five months of 2011 in the context of domestic political tensions with activity registering a slowdown relative o to the corresponding period of 2010,
  • Kafalat guaranteed 301 projects up to March 2011during the first quarter of 2011 compared to 393 loans provided during the same period in 2010.
  • The banking sector has weathered political turbulence hitting a record high. While all in the sector agree that reforms are needed to put the Lebanese economy back on track, some sectors,

IN THE SPOTLIGHT

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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MOST VISITED ARTICLES

  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...

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