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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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Global economic crisis pushes Palestinian refugee agency into ‘danger zone’: UN
According to the head of UNRWA, Palestinian refugees are likely to be 'de-prioritized' by donor countries as a result of the war in Ukraine
Nov 18, 2022
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Violence and an economic crisis threatens Syria, UN warns
The water scarcity has also impacted crops with the lowest wheat harvest since the war began as well as the livelihoods of farmers under threat
Oct 26, 2022
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Netanyahu accuses Prime Minister Lapid of plunging Israel into economic crisis
The former prime minister and opposition leader has been leading in the polls as he gears for a return to power in November’s elections
Aug 22, 2022
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World Bank calls Lebanon’s economic crisis ‘deliberate’, blames elites of ‘finance Ponzi scheme’
The World Bank blames Lebanon's politicians for 'cruel' practices that saw the country accumulate debt 'beyond fiscal needs'
Aug 04, 2022
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Syrian refugees face growing xenophobia in Lebanon as economic crisis worsens
Politicians and the media blame Lebanon's economic woes on refugees, despite international organizations pointing at the financial elite as the cause of the manufactured crisis
Jul 21, 2022
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Lebanese diaspora vote in general elections amid economic crisis
This marks the first election since a series of tragic domestic events, beginning with the 2019 economic collapse
May 07, 2022
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Lebanon considers shutting down foreign missions due to economic crisis: Report
Sources have revealed that Lebanese embassy workers abroad have not received their salaries in a month
Feb 02, 2022
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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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Afghanistan economic crisis deepens as US ignores pleas to lift punitive sanctions
Nearly $10 billion of Afghanistan's foreign reserves continue to be held by the US
Dec 20, 2021
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TotalEnergies, Eni transfer 30 percent stake of Lebanese economic waters to QatarEnergy
Qatar now has a 30 percent stake in Lebanon's economic zone, with TotalEnergies and Eni having a 35 percent stake each
Jan 30, 2023
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Lebanese parliament again fails to elect president, pushing nation deeper into crisis
As Lebanon sinks deeper into crisis, US officials have said that once the 'complete disintegration of the state' happens, Lebanon can be 'rebuilt from the ashes, freed from the curse of Hezbollah'
Dec 01, 2022
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Lebanese PM calls on Arab League for help to get out of crisis
Lebanon has been going through a severe economic crisis that has worsened amid a fuel shortage
Nov 02, 2022
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Arab League chief calls for more efforts to resolve Syrian crisis
Ahmed Aboul Gheit spoke of a "dangerous triad" that includes food, energy, and climate
Nov 02, 2022
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West cannot solve global energy crisis by bullying and sanctioning nations: Turkey
Ankara called on western nations to stop antagonizing Iran, Venezuela, and Saudi Arabia at a time when a large part of the world has been blocked from purchasing Russian oil and gas
Oct 21, 2022
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Netanyahu pledges to solve Israel’s housing crisis by annexing more Palestinian land
Israelis are currently more concerned about the economic policies in the country than they are about international politics
Oct 04, 2022
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Hundreds of retired soldiers protest for higher pensions in crisis-torn Lebanon
Army and security officials earn less than $50 a month due to the depreciation of the Lebanese pound by more than 95 percent since 2019
Sep 27, 2022
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Crisis-hit Lebanon to receive Iranian fuel donation soon: Lebanese official
The US is not expected to sanction Lebanon if it receives Iranian fuel due to its dire economic situation, according to David Schenker, the former US Assistant Secretary of State for Near Eastern Affairs
Sep 26, 2022
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Emirati newspaper dissolved over article on fuel cost crisis
Emirati authorities were reportedly outraged after a renowned newspaper published a report detailing the effects the global fuel crisis has had on low-income residents
Sep 14, 2022
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Russia, Turkey launch new economic ‘roadmap’
The Putin-Erdogan meeting in Sochi has rapidly accelerated Russian-Turkish economic initiatives and financial ties. These include bypassing western sanctions, integrating money transfers, and trading outside the dollar.
Aug 08, 2022
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Syria hikes fuel prices to highest since 2011 crisis
Syria relies solely on fuel imports from Iran, as current US sanctions have left it vulnerable to the fluctuations of the world energy market
Aug 07, 2022
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Discontent grows on the streets of Lebanon as crisis deteriorates
Lebanon has been weathering what the World Bank describes as the worst economic crisis in 150 years, a situation fueled by rampant corruption among the political and financial elite
Jul 28, 2022
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Lebanon pushes against hurdles set by west to end Syrian refugee crisis
The growing cost of the Syrian refugee crisis, along with the severe economic meltdown in Lebanon, has led Beirut to move away from the international community to find plausible solutions
Jul 08, 2022
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‘Tehran ready to help resolve Ukraine crisis’: Amir-Abdollahian
The Ukrainian FM announced Kiev's readiness for expanding relations with Iran, specifically in the agricultural sector
Jul 01, 2022
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St. Petersburg sets the stage for the War of Economic Corridors
In St. Petersburg, the world's new powers gather to upend the US-concocted “rules-based order” and reconnect the globe their way
Jun 18, 2022
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Backlash against Pakistan’s military, as political crisis worsens
Pakistan plummets into political chaos a month after Imran Khan's ouster. But this time the military cannot step in to arbitrate, as they are now a focus of public anger.
May 25, 2022
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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
May 21, 2022
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West Asia’s economic savior is called ‘multipolarity’
The transition from a western economic order toward a multipolar one is ushering in unprecedented economic and security advancements for West Asia.
May 02, 2022
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Lebanese government ignores Russian wheat, oil offer despite crisis: Report
Russia also offers to sell fuel to power Lebanon's power plants, pricing the sales in Lebanese liras instead of foreign currencies
Apr 27, 2022
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Lebanon extends credit line for wheat at last minute to avert crisis
The release of funds comes days after the bread-making industry announced there was no wheat left in storage and their factories had stopped producing bread
Apr 13, 2022
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