Lebanon

BMI View: Lebanese markets continue to look very weak, and we do not see any improvement in the short term, amid tumultuous global conditions, ongoing political and economic stagnation... 2008-11-18

On August 4, we examined the key implications of a US dollar bounce (which has been our core view since early July) on Middle Eastern currencies. With the greenback having rallied... 2008-10-06

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

After surging on news of an Arab League plan to end the country's constitutional crisis, Lebanon's BLOM stock index has slipped once again, as all sides in the political process resume... 2008-01-09