Saudi Arabia launches initiative for further economic diversification

Efforts by the kingdom to diversify its economy with new infrastructure projects, as well as tourism and other markets, have forced over a million citizens from their homes

IMF delegation headed for Lebanon to ‘speed up’ reforms

The delivery of the IMF loan has been held up for months as a result of US pressure and a refusal from banks to answer for their role in the economic collapse

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'

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

As Turkey’s economy collapses, calls for constitutional reforms grow

Soaring inflation, fluctuating currency rates, epic hike rates demand that Turkey institute urgent constitutional reforms

UAE given green light to enact extensive law reforms

The UAE president has approved over 40 laws, marking the biggest legislative reform in his country's history

No Lebanon gas deal until World Bank agrees: Jordan FM

According to Lebanese media, the World Bank and the US lied to Lebanon about their willingness to approve the funds for this agreement

Lebanese migrants responsible for over half of Lebanon’s GDP

Lebanon has become the most remittance-dependent country in the world thanks to decades of systemic corruption and mismanagement in the financial sector

US court ruling opens door for Lebanese banks to be prosecuted on foreign soil

Lebanon's financial institutions have evaded any responsibility for their role in the crisis gripping the nation, and have instead placed the burden on regular citizens

Lebanon to slash official exchange rate

In addition to official and parallel market exchange rates, people have struggled with unfavorable rates for the withdrawal of Lebanese pounds

Lebanon Parliament Speaker calls for urgent implementation of IMF reform plan

The Lebanese parliament speaker has said he will not call for a parliamentary session to elect a new president until IMF reform policies are passed

Qatar pledges $60 million for Lebanese Army

Discontent has grown among Lebanon's army ranks due to salaries being worth less than $100 per month

Lebanese currency hits all-time low as healthcare workers, bakers strike

Since 2019, Lebanon has been experiencing the world's worst economic crisis in 150 years, according to the World Bank

Lebanon unemployment rate triples: Survey

A UN agency said the informal economy accounted for around 30 percent of employment

Lebanon IMF deal could derail due to deadlock with banks

Banks have said that the state should privatize public assets to foot the bill for the losses

Lebanon reaches agreement on reform plan with IMF

The reforms include a complete restructuring of the banking sector and the stabilization of currency exchange rates

For crisis-hit Lebanon, it’s IMF or bust: Washington

Despite claims of wanting to help Lebanon, the US continues to block the implementation of a vital energy-sharing plan with Jordan and Egypt

Israel on fire: A legal slippery slope to national disintegration

A proposal to overhaul Israel's judicial system in favor of politicos has polarized the state, army, and populace, exposing Tel Aviv's security vulnerabilities as never before.

Israel, UAE sign free trade agreement

The agreement would remove or reduce tariffs on 96 percent of commodities traded between Tel Aviv and Abu Dhabi

UK rejects use of ‘apartheid’ to describe Israel

As part of a new British-Israeli agreement, London has vowed to confront the ‘disproportionate singling out’ of Israel at the UN

No respite for Lebanon as lira hits 100,000 per US dollar

Lebanon's political class has done little to slow down the economic freefall, as parliament has been gridlocked for five months over the election of a president

Turkish elections: Can Erdogan maintain his grip on power?

The outcome of Turkiye’s upcoming vote could determine whether Ankara returns to a western-oriented foreign policy, or if Erdogan strengthens the country's autonomous direction.

In Munich: West sounds alarm over Global South stances

The recent conference on international security policy focused extensively on the significance of the Global South to the west's security. As power competition with China and Russia intensifies, the west is compelled to reassess its approach to relations with these countries.

Billions of dollars flow out of Israel over judicial reform concerns

Experts claim that if the withdrawal of capital from Israeli banks continues, the Israeli government will place restrictions on capital flow

EU donates $323m to PA for local projects

The donation will support the Palestinian government in financing local projects in agriculture, health, and civil society

No-strings aid from Saudi Arabia is changing, finance minister says

The Saudi finance minister didn’t specify what conditions his government might attach to financial assistance in the future

Xi Jinping’s Visit to Saudi Arabia and the overthrow of Atlanticism

The historic China-Arab Summit currently underway in Riyadh symbolizes the emerging Eurasianism in the Persian Gulf.

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 president boycotts budget and delays new exchange rate

A dollar currently fetches around 38,000 Lira on the black market

Apple agrees to set up regional distribution hub in Saudi Arabia

Riyadh has previously advised companies dealing inside the kingdom to set up distribution hubs in Saudi Arabia by 2024