inflation

French FM in Lebanon with a message of ‘great firmness’
Middle East

French FM in Lebanon with a message of ‘great firmness’

BEIRUT (AP) — France’s foreign minister began a visit to Lebanon Thursday with a message of “great firmness” to its…
Syrian pound improves after central bank raises exchange rate
Middle East

Syrian pound improves after central bank raises exchange rate

AMMAN (Reuters) – Syria’s currency rose on Sunday in the first day of trading after the central bank raised the…
Will Lebanese banks crash Middle East finances?
Middle East

Will Lebanese banks crash Middle East finances?

Lebanon has been known as “the Switzerland of the Middle East” for decades because of its strict banking secrecy laws.…
Turkish lira plunges to near record lows on cenbank chief’s sacking
Middle East

Turkish lira plunges to near record lows on cenbank chief’s sacking

ISTANBUL (Reuters) – Turkey’s lira slid 15 percent to a near all-time low on Monday after President Tayyip Erdogan’s shock…
‘Republic of Queues’: 10 years on, Syria is a hungry nation
Middle East

‘Republic of Queues’: 10 years on, Syria is a hungry nation

BEIRUT (AP) — The lines stretch for miles outside gas stations in Syrian cities, with an average wait of five…
Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook
Economy

Fitch Ratings affirms Egypt’s ‘B+’ with stable outlook

American credit rating agency Fitch Ratings affirmed on Wednesday Egypt’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’, with…
Burning tires: Lebanon’s protesters send dark, angry message
Middle East

Burning tires: Lebanon’s protesters send dark, angry message

BEIRUT (AP) — It’s an expression of anger but also of helplessness: Anti-government protesters in Lebanon are burning tires to…
Anger in Lebanon as currency, prices spiral out of control
Middle East

Anger in Lebanon as currency, prices spiral out of control

BEIRUT (AP) — Protesters in Lebanon burned tires and closed several major roads on Thursday as the severe economic crisis…
Protests in Lebanon as local currency hits record low
Middle East

Protests in Lebanon as local currency hits record low

BEIRUT (AP) — Protests broke out across the country Tuesday after the Lebanese pound hit a record low against the…
Turkey’s Erdogan fails to get double-digit inflation under control
Middle East

Turkey’s Erdogan fails to get double-digit inflation under control

Turkey’s economic woes are nothing new. The country’s official currency, the lira, has been on a downward slide for the past two…
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