Lebanese Central Bank announces measures to prevent further currency devaluation

The Central Bank set a new lira withdrawal rate, in addition to further measures, promoted as a means to alleviate Lebanon's economic crisis

Turkish currency crisis spills over into Syria’s HTS-controlled northern region

Citizens in the city of Idlib say wages are no longer enough to cover their needs ahead of the winter months

UN calls for $4.3bn of humanitarian aid for Yemen

Over 33 million people in Yemen are in desperate need of humanitarian aid

MbZ in Cairo as Arab diplomacy soars

The UAE has provided Egypt with significant economic aid to help alleviate the current crisis it faces

Egypt’s Sisi makes sudden visit to Saudi Arabia

The visit comes as Egypt is embroiled in a severe economic crisis which has seen its currency value plummet significantly

Iraqi PM replaces Central Bank governor in midst of economic crisis

While the weakening of Iraq's dinar falls in the spectrum of a rising US dollar, sanctions targeting Iraqi banks and restrictions on transfers have exacerbated the problem

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.

Lebanon in dire need of ‘equitable’ banking reform, losses exceed $70bn: World Bank

According to the World Bank, Lebanon's inflation rate is expected to average at 186 percent this year

Lebanon faces threat of complete internet outage

The US government refused sanction-waivers for Egypt and Jordan to provide Lebanon with electricity to power its industries and services

Water of key coastal city in Yemen polluted with radioactive materials

The practices of the Saudi-led coalition and its unjust siege on Yemen threaten a human catastrophe that may extend to large areas of the war-torn country

Turkish lira continues to tank, reaching all-time low since December 2021

The annual inflation of the Turkish lira rose to nearly 80 percent, according to official data released on 4 July

Lebanon uncovers new spy rings affiliated with the Mossad

Three were arrested in Beirut and south Lebanon for establishing contact with Israel and providing intelligence

Lebanese banking association opposes financial recovery plan

The announcement comes on the same day that the Lebanese currency hit a record high of 33,500 liras per one US dollar

Lebanon must drill for energy resources to halt crisis: Hezbollah leader

The resistance leader called for all political groups in Lebanon to cooperate with the aim of overcoming the crisis

US-backed SDF siege on Al-Hasakah enters fourth day

The SDF siege on Al-Hasakah comes in response to a government blockade on two Kurdish-controlled Aleppo neighborhoods

Banks behaving badly: Lebanon’s financial sector goes rogue

The IMF says some Lebanese banks are liquid enough to pay 100 percent of the value of deposits up to $200,000. But no government body will force banks to pay depositors or restructure this collapsed sector.

Lebanese people take to the streets in protest after lira hits new low

The World Bank has called Lebanon's economic crisis the worst since 1850

Dubai and Ankara seek deeper cooperation following talks

The two nations seek close collaboration on issues relating to security and economic investment

Opposition groups call on Erdogan to hold early elections

The opposition predict poverty and devastation in the face of Turkey's economic crisis and the devaluation of the lira