Lebanon's seven-month trade deficit widens 4% on higher imports
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed September 7, 2011 10:00 am

LEBANON. Lebanon’s trade deficit widened by 4% in the first seven months from a year earlier on higher imports, the Finance Ministry said.

The shortfall was US$8.37 billion from US$8 billion, the Beirut-based ministry told Bloomberg in an e-mailed statement late yesterday.

Imports rose 5% to US$10.9 billion, driven by a 52% gain in the cost of unwrought gold, un-mounted diamond and precious metals, while pharmaceutical products increased by 19%, according to the ministry.

Exports increased 5% in the first seven months from the year-earlier period to US$2.5 billion as shipments to Arab countries fell.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 26, 2014
INTERNATIONAL. Is it time to stop thinking about stabilizing Syria and Iraq and start thinking of a new dynamic outside of the artificial states that no longer function? To do this, we need to go back to Lebanon, the first state that disintegrated and the first place where clans took control of their own destiny.
date:Posted: August 25, 2014
INTERNATIONAL. Commodities have been generally flat on the week as a rise in industrial metals was offset by losses across other sectors such as metals and grains.
date:Posted: August 25, 2014
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
SAUDI ARABIA. Strong demand fundamentals combined with increased public and private sector spending pushed up the average sales price; Momentum expected to continue as Riyadh attracts and promotes investment in industrial and supporting logistics facilities.
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