MOODY’S INVESTORS SERVICE MAINTAINS A “STABLE” OUTLOOK FOR LEBANESE BANKS
Moody’s Investors Service, the international rating agency, and during it latest report on the Lebanese banking sector maintained a “Stable” outlook assessment for five Lebanese banks.
CONSOLIDATED BALANCE SHEET OF FINANCIAL INSTITUTIONS IN JANUARY 2010
The consolidated balance sheet of financial institutions in Lebanon rose by 2.90% on a monthly basis to LBP 1,489 billion ($987.41 million) in January 2010.
INDUSTRIAL EXPORTS AND IMPORTS OF EQUIPMENT & MACHINERY THROUGH FEBRUARY 2010
The Ministry of Industry conveyed a 10.65% annual expansion in Lebanon’s industrial exports to $530 million through February 2010.
SGBL ISSUES PREFERRED SHARES
SGBL’s (Société Générale de Banque au Liban) has successfully closed a new $100 million Preferred Shares’ issue.
MIDDLE EAST AIRLINES FACES SLOWDOWN DUE TO UNFAIR COMPETITION
Lebanon’s national airliner, has revealed a significant deceleration in the company’s profits at a rate of $6 million per month since October 2009.
THE EGYPTIAN STOCK EXCHANGE
The Cairo Stock Exchange Index ended the week on a positive note, gaining 4.53% to close at 1,541.73.
EXISTING HOME SALES IN FEBRUARY 2010
The National Association of Realtors posted a 0.6% drop in existing home sales in February 2010 to a seasonally adjusted annual rate of 5.02 million units.
