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 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

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

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

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'

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

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

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

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

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

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

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'

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

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

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

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

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

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

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

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.

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

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

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

‘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

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

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.

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

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.

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

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