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Inflation in Turkey jumps past 70 percent, hitting 24-year high
An unorthodox economic policy based on sharp interest rate cuts has seen skyrocketing prices of transportation and food
By
News Desk
Jun 03, 2022
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Inflation in Turkey approaches 70 percent in April
A unions confederation calculated that food prices increased by eight percent in April alone in the capital Ankara
By
News Desk
Apr 29, 2022
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Turkey inflation reaches 61 percent amid soaring energy prices
The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus
By
News Desk
Apr 04, 2022
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Annual inflation rate of Lebanon sees triple digit increase
Inflation has severely affected the average citizen, with Lebanon now facing looming food shortages
By
News Desk
Mar 23, 2022
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Inflation in Turkey hits 20-year high amid Ukraine crisis concerns
Experts believe inflation could reach as high as 70 percent before the end of the year
By
News Desk
Mar 04, 2022
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Erdogan fires statistics agency chief after publishing actual inflation rate
Turkey's critical currency crisis has caused Erdogan to change a number of high-ranking officials in his administration
By
News Desk
Jan 30, 2022
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Turkey offers royal welcome to Saudi crown prince as nations hail ‘start of a new era’
Turkish President Erdogan rolled out the red carpet to welcome MbS to Ankara, marking the crown prince's first visit since the killing of journalist Jamal Khashoggi
By
News Desk
Jun 23, 2022
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Lebanese security forces conduct fruitless raid on home of central bank governor
Riad Salameh has continuously evaded arrest and subpoena warrants for his role in the 2019 financial collapse
By
News Desk
Jun 22, 2022
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Saudi crown prince headed for Turkey after Jordan visit
Jordanian business leaders and officials expressed hopes that the first visit of MbS in five years to the Hashemite kingdom will unblock at least $3bln in investment projects
By
News Desk
Jun 22, 2022
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Saudi crown prince expected to visit Turkey next week
Turkey's declining economy is said to have motivated the government of Turkey to mend relations with Riyadh
By
News Desk
Jun 17, 2022
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Nuclear armed states spent $82 billion modernizing arsenal in 2021
The US alone spent over $40bln last year modernizing its nuclear arsenal, which is deployed in military bases across the world
By
News Desk
Jun 14, 2022
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Saudi Arabia curtails its oil supply to China as demand climbs in Europe
This decision by Riyadh, however, is unlikely to negatively impact Beijing thanks to the overabundance of Russian oil in the market
By
News Desk
Jun 10, 2022
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Turkey to press forward with interest rate cuts as currency tumbles
President Erdogan has blamed high inflation partially on citizens keeping their savings in foreign currency
By
News Desk
Jun 07, 2022
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Polls show over half of Turkish voters would not re-elect Erdogan
Skyrocketing prices and a weakened currency have caused widespread discontent against the incumbent president one year ahead of presidential elections
By
News Desk
Jun 06, 2022
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Newly-elected Lebanon MP calls for sanctions on his own country
Twitter users reacted in anger to MP Mark Daou's call for sanctions on his own crisis-ridden, poverty-stricken country
By
News Desk
Jun 05, 2022
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Lebanon’s Central Bank governor sues state over embezzlement probe
The counter-suit may stall the investigation into the financial crimes of the Salameh brothers and their role in Lebanon's financial collapse
By
News Desk
Jun 04, 2022
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Turkey hikes energy price for second time this year
Inflation reached 70 percent earlier this year as a result of an unorthodox economic strategy pursued by President Erdogan
By
News Desk
Jun 01, 2022
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Nabih Berri re-elected as Lebanon’s parliament speaker for seventh consecutive time
The head of the Amal Movement won the post by a single vote, a far cry from the 2018 election, when he was elected with 98 votes
By
News Desk
May 31, 2022
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Hezbollah lawmaker calls for political cooperation to resolve crisis in Lebanon
The call was made a day before Lebanon's newly-elected lawmakers are set to meet to elect a speaker of parliament
By
News Desk
May 30, 2022
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‘Any harm to Al-Aqsa Mosque will cause a regional explosion’: Hezbollah leader
Hours after Hassan Nasrallah's warning, an Israeli court upheld a ban on the upcoming 'Flag March' from entering the grounds of Al-Aqsa Mosque
By
News Desk
May 26, 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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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
By
News Desk
May 24, 2022
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Lebanese government passes reform plan before end of mandate
The plan is part of the government's attempt to adhere to stringent IMF demands
By
News Desk
May 21, 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
By
News Desk
May 21, 2022
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Fuel prices in Lebanon reach new heights as currency continues to depreciate
Lebanon has also been hit hard by a growing food crisis exacerbated by the conflict in Ukraine
By
News Desk
May 19, 2022
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Hezbollah chief calls for political cooperation to address Lebanon’s multiple crises
Hassan Nasrallah said that despite constant interference and threats from the US, results show support is strong for the resistance
By
News Desk
May 19, 2022
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Final results for Lebanese election show no clear majority alliance
Independent candidates made big strides, winning over a dozen parliament seats, while the Saudi-backed Lebanese Forces party gained 19 seats
By
News Desk
May 17, 2022
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Protests ongoing in Iran over rising food prices
At least one person has died after the protests turned violent in the province of Khuzestan
By
News Desk
May 16, 2022
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Vote count ongoing in Lebanon one day after critical elections
Hezbollah and the Lebanese Forces have both claimed major gains in parliament ahead of the release of official results
By
News Desk
May 16, 2022
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Participation down as polls close across Lebanon
Citizens took to the polls for the first time since the start of what the World Bank describes as the world's worst economic crisis in 150 years
By
News Desk
May 15, 2022
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