Tue, Jul 29 2008, 05:54 GMT
by Credit Libanais Research Unit
On the banking sector front, Banque Du Liban “BDL” statistics revealed that the value of cleared checks expanded by an annual 37.65% to LBP 36,824 billion (5,501,061 checks) as at end of June 2008, from LBP 26,751 billion (5,623,619 checks) in the same period last year.
On the current account side of the balance of payment, the Higher Customs Council reported an annual $1.2 billion expansion in Lebanon’s balance of trade deficit to $4,692 million through May 2008, up from $3,492 million during the same period in 2007.
The Lebanese Ministry of Finance mandated Byblos Bank, BLOM Bank and Deutsche Bank to lead manage the Republic of Lebanon ("ROL") new Eurobond issue.
According to the Economist Intelligence Unit, Egypt's real Gross Domestic Product growth is expected to ease to 6.7% in 2008 compared to 7.1% estimated previously.
The U.S. Department of commerce pointed to 0.8% expansion in U.S. durable-goods orders during the month of June 2008. Orders for electronic equipment rose by 5% in June, while shipments of electronics fell by 0.4%.
Published on Tue, Jul 29 2008, 05:57 GMT
Credit Libanais
| Sofil Center 5th floor, Charles Malek Avenue, Ashrafieh 1100 2811, Beirut
http://www.creditlibanais.com | info@creditlibanais.com
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]