Lebanon

BMI View: We remain bearish towards Lebanese stocks, which have now lost 15.6% since we first expressed our negative view.

We warned on July 14th that the failure of Lebanon's BLOM stock index to react to the formation of the government was a negative signal, and in fact the index has fallen by 5.7% since... 2008-08-08

Although we remain very cautious, we note that there may be a ray of light at the end of the inflationary tunnel in the Middle East and North Africa region. We have revised up our... 2008-07-30

Egypt FX… We said on July 2nd that a renewed period of EGP appreciation was on the cards, and this appears to be playing out, with the unit having appreciated to EGP5.285/US$ this... 2008-07-14

One of the few bourses in the region that we like at the moment is Lebanon, and our cautiously optimistic view continues to play out: the benchmark BLOM Stock Index has risen by 30.3%... 2008-07-04

The Lebanese pound appears to be pushing at the upper boundaries of its trading range, reaching a 16-year high of LBP1,495/US$ on May 23, and hitting that level repeatedly in daily... 2008-06-05

BMI View: While we note that the S&P downgrade may negatively affect Lebanese debt markets, the dire political and economic situation is already factored in to our own sovereign... 2008-02-06