Financial inflows up by 15.9 % to reach $7.7 bln

Financial inflows increased by 15.9 percent a year to reach $7.7 billion in the first half of 2012, relative to the weak base of $6.6 billion during the same period of 2011. Financial inflows were on an upward path from a low base during the same period last year. Capital flowing into Lebanon can take several forms, ranging from nonresident deposit inflows, to inward remittances, cash transfers from tourists and FDI inflows. Nonresident deposits went up by $1 billion during the half of this year, a rise slower than the $1.4 billion increase reported in the same period of 2011. From DailyStar