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Turkiye to repatriate Syrian refugees if opposition CHP wins elections
The CHP has been the main opposition party to Erdogan since 2010
Apr 26, 2023
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Kuwait purchases prominent Egyptian bank for $660m
The report indicates that the contract for the sale will be officially signed after the end of the Eid Al-Fitr holiday
Apr 19, 2023
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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
Jan 23, 2023
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Iranian currency hits record low as EU threatens further sanctions
The New York federal bank has been enforcing stricter controls on international transactions by Iraqi commercial banks to hinder Iran from accessing dollars
Jan 22, 2023
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Western sanctions against Iran send Iraqi economy reeling
New policies meant to prevent dollar transfers to sanctioned West Asian nations have sent the Iraqi currency spiraling
Jan 19, 2023
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Egyptian central bank announces plan to move currency away from US dollar
The central bank chief says the Egyptian pound must be pegged 'against every currency,' not just the greenback
Oct 24, 2022
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Yemenis protest against UAE-backed parallel government in Aden
Protesters say that living conditions have deteriorated sharply in the UAE-controlled southern region
Jun 20, 2022
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World Bank blames Lebanon’s ruling class for economic meltdown
In its latest report, the World Bank has warned that the Lebanese economy will remain in free fall through 2022
Jan 25, 2022
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Miraculous $10bln profit erases Turkey’s Central Bank losses on last day of 2021
On 31 December, Turkey's Central Bank saw its fortunes shift dramatically, despite having projected losses of around 70 billion liras for the year
Jan 04, 2022
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Turkish currency tumbles once more despite aggressive state intervention
The Turkish lira has been on a tailspin since November after President Erdogan implemented sharp interest rate cuts in the hopes of fighting inflation
Dec 30, 2021
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Lebanese politicians remain divided as economic crisis spirals out of control
Plan to reconvene Lebanese cabinet on 20 December has failed due to infighting among politicians
Dec 21, 2021
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Turkey’s stock market halts trading as lira hits new low
Economists believe that inflation will surpass 30 percent next year if Turkish President Recep Tayyip Erdogan continues to slash interest rates
Dec 17, 2021
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Thousands protest in southern Yemen against the Saudi-backed parallel government
Citizens say the only way to reverse the crisis is for all foreign occupation troops to leave the war-torn nation
Dec 06, 2021
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Russia is primed for a Persian Gulf security ‘makeover’
Russia is the one state with the necessary clout, tools, sweeteners and relationships to nudge the Persian Gulf into a new security paradigm
Dec 01, 2021
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Protesters storm STC presidential palace in Yemen’s Aden to protest failing economy
Mass protests have been growing across Yemen's southern regions against Saudi occupation troops
Sep 15, 2021
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