economic crisis
Lebanese president to hold consultations on new PM next week
Middle East
October 7, 2020
Lebanese president to hold consultations on new PM next week
BEIRUT (AP) — Lebanon’s President Michel Aoun has called for binding consultations with members of parliament next week to name…
Kuwait’s new crown prince is a security czar who shunned limelight
Middle East
October 7, 2020
Kuwait’s new crown prince is a security czar who shunned limelight
KUWAIT (Reuters) – Kuwait’s crown prince in waiting, Sheikh Meshal al-Ahmad al-Sabah, is a forceful figure who steered clear of…
Dubai builder of world’s tallest building to be liquidated
Middle East
October 2, 2020
Dubai builder of world’s tallest building to be liquidated
DUBAI, United Arab Emirates (AP) — The Dubai-based construction company that helped build the world’s tallest building and other engineering…
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
Business
September 30, 2020
Egypt extends tourism stimulus, waives visa fees in 4 governorates until April
Egypt’s cabinet approved on Wednesday the extension of several coronavirus-related exemptions and incentives, such as exempting tourists arriving in the…
Israeli leaders locked in budget battle as economic crisis deepens
Middle East
August 4, 2020
Israeli leaders locked in budget battle as economic crisis deepens
JERUSALEM (Reuters) — A stand-off between Prime Minister Benjamin Netanyahu and his main coalition partner over passage of Israel’s budget…
Lebanon’s foreign minister quits over lack of ‘will to reform’
Middle East
August 3, 2020
Lebanon’s foreign minister quits over lack of ‘will to reform’
BEIRUT (Reuters) – Lebanon’s Foreign Minister Nassif Hitti resigned on Monday over what he described as lack of political will…
Analysis: Often on brink, Lebanon headed toward collapse
Middle East
August 3, 2020
Analysis: Often on brink, Lebanon headed toward collapse
BEIRUT (AP) — Power cuts that last up to 20 hours a day. Mountains of trash spilling into streets. Long…
Lebanon swings between humor and tragedy as economy crumbles
Middle East
July 25, 2020
Lebanon swings between humor and tragedy as economy crumbles
The first signs of Lebanon’s coming collapse appeared when its banks started limiting withdrawals amid nationwide protests late last year.…
Major Beirut medical centre lays off hundreds as crisis bites
Middle East
July 18, 2020
Major Beirut medical centre lays off hundreds as crisis bites
BEIRUT (Reuters) – Zawqan Abdelkhalek, a nurse at the American University of Beirut’s (AUB) medical centre since 2012, was laid…
Hottest commodity in Lebanon’s economic chaos: The US dollar
Middle East
July 8, 2020
Hottest commodity in Lebanon’s economic chaos: The US dollar
BEIRUT (AP) — The lines snaked around the block. Then they swelled to fill the whole street, before they turned…