Saturday, July 20, 2024

Iraq passes bill to unlock funds for cash-strapped state

Iraqi lawmakers Wednesday passed a crucial bill allowing the country to finance a widening fiscal deficit amid an unprecedented economic crisis spurred by falling...

Lebanon currency in free-fall amid political impasse

BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted...

Trade minister replaced amid economic crisis – Syrian government

Syria’s economy has been ravaged by nine years of war and western sanctions. Syrian President Bashar Assad replaced Monday the internal trade minister as the...

A reduction in automobile fuel subsidies amid economic crisis in Syria

In the latest government measure to tackle a deepening economic crisis, Syria's oil and mineral resources ministry announced Saturday a reduction in automobile fuel...

2-7% increase in retirement pensions – Algeria

Algeria, the OPEC member's public finances have come under pressure after a sharp fall in global crude oil prices caused energy earnings, the main...

Global epic losses and soaring unemployment amid pandemic

With the economy paralyzed by business closures, the unemployment rate likely jumped to high rates. Many people still employed have had their hours reduced....

Lebanon rescue plan amid soaring Inflation, unemployment and poverty

Lebanon is seeking IMF help and wants to restructure around $90 billion in debt to tackle a fiscal crisis that has prompted a sovereign...

Lebanon calls for global help

Lebanon, one of the most indebted nations in the world, defaulted for the first time in March on its sovereign debt. Anti-government protests that...

Economy down 3% due to Coronavirus in Jordan

Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the Coronavirus, the finance minister said on Sunday. The...

Renewed protests in Lebanon following currency-collapse

Lebanon is grappling with renewed protests following a collapse in its currency, soaring inflation and spiraling unemployment, but its dire financial straits have only...

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