Banking bulletins

BLOM Lebanon PMI: Macro highlights – June 2020

While the rest of the world moves beyond Coronavirus measures, Lebanon struggles to grapple with dual crises. Most nationsbegan to overcome the standstill generated by the notorious pandemic. This is apparent via PMI composite output index of the USA, Eurozone, UK, China, Brazil, Russia and Australia among others, which rose from all-time lows in May

Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting to Host a Live Webinar

The webinar entitled, “IsDB Group Private Sector Action Response to COVID-19” will discuss the challenges facing the private sector and global economy during the COVID-19 outbreak. (Release date), Dubai, UAE– The Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting, will conduct a live webinar entitled “IsDB Group

Macro-highlights: BLOM Lebanon PMI – May 2020

Lebanon officially asked the IMF for a financial lifeline on May 01st. The Lebanese government began its negotiations with the International Monetary Fund (IMF) after presenting a detailed financial rescue plan. This is one step towards stabilizing the economy as the two parties discuss in-depth the technicality of: the final figures’ calculation presented in the


Abu Dhabi, 28 May 2020: Standard Chartered Bank has generously contributed 15,000 specialist N95 protective masks to the Authority of Social Contribution – Ma’an’s ‘Together We Are Good’ programme. Joining thousands of individuals and organisations that have already pledged their services and true to the bank’s corporate values of ‘Here for good’, Standard Chartered has made

Banque BEMO revives its “Mediation Initiative”

Beirut, May 21, 2020: With the growing pressure Lebanon is facing amidst the health, social and economic crises, conflicts and differences have become more frequent and greater in intensity. Striving to help alleviate burdens that have a high impact on the community by peacefully resolving disputes through specialized communication and negotiation techniques, Banque BEMO is

BLOM Lebanon PMI: Deterioration in Business Conditions Deepens during April 2020

Commenting on the April 2020 PMI results, Sarah Hadchiti, Research Analyst at BLOMINVEST Bank, said : “The impact of Lebanon’s coronavirus lockdown fully materialized in April. Businesses are facing sharp economic uncertainties while consumers demand weakened, which generated losses reflected in the PMI of 30.9. Moreover, the Lebanese pound accelerated its depreciation and reached unprecedented

Mastercard Study Shows Consumers in Middle East & Africa Move to Contactless Payments for Everyday Purchases, Seeking Touch-Free Payment Experiences

Additionally, the contactless payment limit in Lebanon has been raised to $100, helping consumers to safely and hygienically pay for groceries during the COVID-19 pandemic Beirut, Lebanon; May 1 , 2020 – During March, as many countries in the Middle East and Africa (MEA) imposed necessary restrictions on social distancing, a significant majority of consumers