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: September 17, 2014
UAE. "Building a sound, robust investment environment is crucial for boosting institutional investor confidence in the regional markets."
date:Posted: September 17, 2014
UAE. "Prospects for economic growth in the Gulf region remain healthy for the next few years. We expect most Gulf banks to continue to benefit from robust corporate activity and consumer consumption over the next 18-24 months."
date:Posted: September 16, 2014
INTERNATIONAL. The upcoming Scottish election, whichever way it goes, demonstrates the enormous power of the desire for national self-determination. If it can corrode the British union, it can corrode anything.
UAE. "Prospects for economic growth in the Gulf region remain healthy for the next few years. We expect most Gulf banks to continue to benefit from robust corporate activity and consumer consumption over the next 18-24 months."
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