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

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

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

Annual inflation rate of Lebanon sees triple digit increase

Inflation has severely affected the average citizen, with Lebanon now facing looming food shortages

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

‘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

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.

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

Lebanese government passes reform plan before end of mandate

The plan is part of the government's attempt to adhere to stringent IMF demands

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

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

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

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

Protests ongoing in Iran over rising food prices

At least one person has died after the protests turned violent in the province of Khuzestan

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

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