BLOMINVEST Research

Goldman Sachs values Lebanese Eurobonds recovery at 22–23¢. BLOMINVEST’s scenario analysis points closer to 19¢.

The market is closer to 27.5¢, betting that politics, peace, and reforms fall into place, fast.

Markets Overvalue Lebanese Eurobonds Prices On 30 March 2026, Goldman Sachs (GS) published a CEEMEA in Focus research note titled “Bond Math Suggests Further Downside Risks to Lebanon Recovery Values”. The report argues that despite the decline in Eurobonds prices since the re-escalation of the war, this pricing remains too generous. In G...

Lebanese Eurobonds jumped this week after a ceasefire between Lebanon and Israel took effect. Markets welcomed the pause, but risks remain high as economic reforms and IMF support are still uncertain.

Lebanese-Israeli Ceasefire Lifts Lebanese Eurobonds Lebanese Eurobonds surged 19% this week, supported by a fragile ceasefire, while U.S. Treasuries also rallied as Middle East tensions eased. For the full report, click HERE.

How will the latest proposed Gap Law impact banks?

Some Preliminary Thoughts Regarding the Impact of the Proposed Gap Law on Banks Table 1: Commercial Banks Foreign Assets: October 2025, Million USD Currency and Deposit in Other CBs 704 Loans 5,224 Claims on Non-Resident Fin. Sector 5,213 Eurobonds (net of provisions) 2,180 Non-Resident Securities Portfolio 1,330 Other Foreign Assets 2,697 Table 2: Commercial Banks Adjusted For...

Has the Arab world fallen into the middle‑income trap — and if so, why?

The Arab Economy and the Middle-Income Trap In the economic growth literature, two interesting ideas stand out: nominally speaking, the first captures a standard idea and the second happens when the first idea fails midway. In concreate terms, the first idea is economic catch-up or convergence, and it takes place when poorer countries grow fa...