WASHINGTON: The World Bank on Friday said it had cancelled $244 million in undisbursed funds for the Bisri Dam project in Lebanon after...
WASHINGTON: The World Bank on Friday said it had cancelled $244 million in undisbursed funds for the Bisri Dam project in Lebanon after...
The huge explosion in Lebanon’s capital of Beirut tore through major grain silos, stoking fears of shortages in a nation that imports nearly...
Ooredoo Telecom, the first to introduce innovative digital services in Kuwait, and Batelco, the leading digital solutions provider in Bahrain both announced yesterday...
Beirut: A senior member of Lebanon's finance ministry who is part of a government team negotiating with the International Monetary Fund resigned Monday...
Lebanese officials announced more measures to stabilize the nation’s plunging local currency and rein in soaring food prices that have triggered nationwide protests....
BEIRUT: Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted a...
Tripoli, Lebanon: Lebanon's economic crisis has led to a collapse of the local currency and purchasing power, plunging whole segments of society into...
Lebanon’s money dealers set the selling price of the dollar at a maximum of 4,000 pounds for Wednesday as exchange bureaus reopen after...
BEIRUT: Lebanon's central bank will intervene in the market starting from Thursday to protect the Lebanese pound whose declining value has forced up...
Baghdad: With its financial outlook darkening by the day, Iraq is considering slashing its massive public payroll -- an unpopular move likely to...
Tehran: Iran's parliament on Monday approved a bill to change the official currency to 'Toman' which equals 10,000 Rials. The Iranian lawmakers voted...
Amman: The Jordanian government has decided to open all economic sectors as of Wednesday, with full production capacity, provided that Jordanian labour is...
BEIRUT: Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from U.S. dollar accounts for this week, two...
RABAT: Morocco will spend an initial 2 billion dirhams ($200 million) to help its health system cope with the coronavirus outbreak, the finance...
DUBAI, United Arab Emirates: Dubai carrier Emirates has reversed a previous announcement suspending all passenger flights, saying it is going to continue flying...
Beirut: Lebanon said Saturday it would default on its Eurobond debt for the first time and seek out restructuring agreements amid a spiralling...
Beirut: Lebanon appeared Saturday to be headed for its first debt default as top officials indicated they opposed making an upcoming bond repayment...
BEIRUT: Lebanon is in "the final hours before" formally announcing it cannot pay its debts, senior MP Alain Aoun said on Saturday, as...
