Tax Free Shopping Up To September 2008
The Global Refund on Tax Free shopping report revealed a significant 53% year-on-year expansion in Lebanon’s Tax free spending in September 2008.
Beirut Port Activity Up To September 2008
The Beirut port freight activity soared by 13.17% during the first three quarters of 2008 reaching 4.425 million tons as at end of September 2008
The Lebanese Banking Sector
In the banking sector, the consolidated balance sheet of commercial banks in Lebanon conveyed a 0.61% monthly expansion in total banking sector assets to LBP 136,726 billion as at end of August 2008.
The Egyptian Stock Exchange
On a weekly basis, the Cairo Stock Exchange Index skidded by 14.15% to a session close of 2,021.2 last week, from 2,354.4 the week before.
US FED, BOE and ECB Slash Key Interest Rates
In an endeavor to quell the recent financial turmoil, the US Federal Reserve, the Bank of England (BOE) and the European Central Bank (ECB) cut their respective key lending rates by 50 bps on October 8.
