Tue, Aug 12 2008, 06:56 GMT
by Credit Libanais Research Unit
In the banking sector, the consolidated balance sheet of commercial banks in Lebanon revealed a 2.61% monthly expansion in total banking sector assets to LBP 133,340 billion in the first half of 2008, up from LBP 129,946 billion in May 2008.
Statistics released by the Lebanese Ministry of Finance show an annual 11.73% expansion in gross public debt to $44.43 billion in the first half of 2008, up from $39.77 billion during the same period in 2007.
UN-ESCWA issued last week its latest annual publication on Globalization and Regional Integration in 2007 that portrays Arab Foreign Direct Investment (FDI) trends, growth and inflows by country. More particularly, the report made reference to a healthy 36% annual growth in FDIs in Arab countries with a record score of $62 billion in 2006.
The combined Arab inflation rate soared to 9% in 2007 up from 7% in 2006 fueled by the prevailing expansion of food and energy prices in the Arab region.
The U.S. Department of commerce pointed to a 0.8% expansion in U.S. durable-goods orders during the month of June 2008.
Published on Tue, Aug 12 2008, 07:00 GMT
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