Wed, Sep 3 2008, 05:49 GMT
by Credit Libanais Research Unit
The Beirut port freight activity soared by 12.12% during the first seven months of 2008 relative to the same period in 2007, reaching a total of 3.377 million tons as at end of July 2008.
Statistics released by Banque Du Liban (BDL) reveal a balance of payment (BOP) surplus of $639.7 million during the month of June 2008, compared to a deficit of $541.9 million in June 2007.
The Ministry of Industry revealed an annual 30.42% expansion in Lebanon’s Industrial exports in the first half of 2008 to $1,479 million, up from $1,134 million in the same period in 2007.
According to the Khaleej Times, Gulf Cooperation Council (GCC) countries are expected to post record revenues in 2008 on the back of the precipitous rise in oil prices during the first half of 2008 coupled with projections that oil prices will remain above the $100 level for the rest of the year.
The University of Michigan consumer sentiment index increased by 2.94% in August 2008 to 63, up from 61.2 in the previous month.
Published on Wed, Sep 3 2008, 05:55 GMT
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