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: April 20, 2017
LEBANON. MIT Enterprise Forum Arab Startup Competition winners award ceremony to be held in Bahrain on April 27; 74 semi-finalists from 11 Arab countries compete for cash prizes exceeding US$160,000.
date:Posted: April 19, 2017
INTERNATIONAL. Aurecon's latest Just Imagine blog post: will autonomous vehicles really reinvent transportation or will they exasperate our overburdened systems?
date:Posted: April 19, 2017
SAUDI ARABIA. Private sector is having more impact at the primary level - with stronger growth levels seen against a decline in public sector enrolment. Pressure on provision creates an opportunity for greater collaboration between the public and private sectors.
LEBANON. MIT Enterprise Forum Arab Startup Competition winners award ceremony to be held in Bahrain on April 27; 74 semi-finalists from 11 Arab countries compete for cash prizes exceeding US$160,000.
dhgate