inflation
Syrian pound improves after central bank raises exchange rate
Middle East
April 19, 2021
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
April 1, 2021
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
March 22, 2021
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
March 15, 2021
‘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
March 10, 2021
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
March 10, 2021
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
March 5, 2021
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
March 3, 2021
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
January 31, 2021
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…
Syria floats new bank note amid soaring inflation
Middle East
January 25, 2021
Syria floats new bank note amid soaring inflation
DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the…