Yemen's finance minister and central bank governor as well as the Saudi ambassador were expected to disclose details of the grant at a signing ceremony in Riyadh. Since 2015, Riyadh has led an international coalition backing the Aden-based government in its war against Houthi rebels, who seized the capital Sanaa...

Lebanon's deeply divided political class has failed to agree on a replacement for Salameh, 73, creating another power vacuum in a country that also has no president and is ruled by a caretaker government. Salameh, who held the post for 30 years, is a key figure of the Lebanese political...

The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding to the burden of families struggling to make ends meet in the import-dependent country. The latest figures, a rise of almost 37 percent from June last year, also showed a...

Recep Tayyip Erdogan has begun his third term as Turkish president, vowing to serve "impartially". Despite an economic crisis and public dissatisfaction with the response to a devastating earthquake, he secured a victory in the historic runoff election. He has named Mehmet Simsek as finance minister and Hakan Fidan as...

Turkey's Recep Tayyip Erdogan has been sworn in for a third term as president, promising to serve "impartially" after winning a runoff election. "As president, I swear upon my honor and integrity, before the great Turkish nation ... to work with all my power to protect the existence and independence...

Recep Tayyip Erdogan appealed for national unity Monday after winning a historic runoff election that extended two decades of his transformative rule until 2028. The 69-year-old overcame Turkey's worst economic crisis in a generation and the most powerful opposition alliance to ever face his Islamic-rooted party on his way to...

The EBRD forecasts Turkish GDP will expand 2.5 percent this year, cutting prior guidance of 3.0 percent and citing the impact of "unorthodox" loose monetary policy alongside one of the world's highest inflation rates. The death toll of Turkey's worst disaster of modern times stands at more than 50,000 and...

Families have buckled under the weight of inflation, which hit 32.9 percent in February as Egyptians tried to fill their shelves ahead of the Islamic holy month of daytime fasting and special evening meals, known as iftar. "Last year, we were giving out 360 iftar meals every day -- this...

The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible to reach a nuclear deal, believes Vali Reza Nasr.

Cairo, Egypt - Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported Sunday. The network pocketed about US$620,000 at the expense of its victims in the country now battered by an economic crisis and rapid inflation,...

The Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in January, figures in February showed. Of the $34.2 billion in Cairo's foreign reserves -– a 20-percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies....

The Lebanese pound has been officially pegged at 1,507 to the greenback since 1997, but its market value began to slide in late 2019 and hit record lows of more than 60,000 this month. "Starting tomorrow, one dollar will be worth 15,000," a central bank source told AFP Tuesday. "There...

Lebanese protesters blocked roads and burnt tires near the central bank in Beirut as the local currency plummeted to a new low against the dollar. Since 2019, Lebanon has been in an economic crisis dubbed by the World Bank as one of the worst in recent global history, pushing much...

Investigators from France, Germany and Luxembourg began hearing witnesses Monday as part of the case of suspected financial misconduct including possible money laundering and embezzlement.

European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth, a judicial official said. The long-serving central bank chief is among top officials widely blamed for Lebanon's unprecedented economic crisis, dubbed one of the worst globally in recent modern history...

Europe's biggest economy, with its low birth rate, is crying out for labour, and many Tunisians, exhausted by years of economic crisis, see an opportunity.

Hamadi started a decade ago by gathering donations to buy 50 solar water heaters and 140 photovoltaic panels.

Aoun's six-year term, that came to a close on Sunday, was marred by mass protests, a painful economic downturn and the August 2020 mega-explosion of ammonium nitrate that killed hundreds and laid waste to swathes of the capital Beirut.

Authorities also said they had detained 48 people, including six already wanted for allegedly "joining a gang in order to illegally cross borders". The interior ministry had announced the arrests of more than 1,300 suspected people traffickers, both Tunisian and of other nationalities, in recent days.

With the demand for gas rising worldwide because of an energy crisis sparked by Russia's invasion of Ukraine, Lebanon hopes that an offshore discovery would ease its current unprecedented financial downturn. But more than a decade since it declared its maritime boundaries and an Exclusive Economic Zone, it still has...

Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer during the upcoming World Cup, TRENDS Investigation reveals.

Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict security after a week-long closure following a slew of heists by customers desperate to access their money. Banks started imposing draconian restrictions on withdrawals after Lebanon's economy collapsed in 2019.

The toll has repeatedly ratcheted higher since the first bodies were found on Thursday. The United Nations High Commissioner for Refugees (UNHCR), Filippo Grandi, described the shipwreck as a "heart-wrenching tragedy".

With four out of five Lebanese now considered poor according to the United Nations, the country has been desperately seeking a bailout from the International Monetary Fund.

Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more than an hour or two.

The portside blast of haphazardly stored ammonium nitrate, one of the biggest non-nuclear explosions ever, killed more than 200 people, wounded thousands more and decimated vast areas of the capital.

The official annual rate of consumer price increases reached 79.6 percent in July compared to 78.6 percent in June. Turkey plunged into a fresh economic crisis when Erdogan set off on an unusual economic experiment nearly a year ago that attempted to bring down chronically high inflation by slashing interest...

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

The North African country has seen its economy crippled by a crisis exacerbated by the coronavirus pandemic and the war in Ukraine, which has sent public debt soaring.

Mahmud Aguil has a comfortable house in Libya's capital Tripoli, but chronic power outages in the war-battered country and roasting summer heat now force him to sleep in his air-conditioned van.

Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his resignation after months of widespread protests against his island nation's worst-ever economic crisis.

Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November but warns that countries need a "reality check" as progress stalls. Presiding over the inflection point when a decades-long United Nations climate process switches from negotiation...

Berri's candidacy went largely unchallenged but the 84-year-old clinched only the bare minimum number of votes needed for a win -- one of his lowest counts since he first rose to the helm of parliament 30 years ago.

The cabinet of bankrupt Lebanon, at its final session on Friday, passed a financial recovery plan needed to secure international aid, but its implementation will depend on the fractious incoming parliament. The session came five days after Lebanon held its first election since an economic crisis, widely blamed on corruption...

The gates opened shortly after 11:00 pm local time (2200 GMT) on Monday night, letting dozens of cars and queues of pedestrians pass in both directions.

Scuffles and cases of voter intimidation were reported on polling day, although Interior Minister insisted when announcing partial results that their number was "very low".

With the lira's value tumbles to historic lows and annual inflation runs at nearly 70 percent, the refugee question regularly pops up in political debates in Turkey.

Lebanon's elections Sunday won't yield a seismic shift despite widespread discontent with a graft-tainted political class blamed for a painful economic crisis and a deadly disaster, experts say. Given Lebanon's sectarian-based politics, it will likely "reproduce the political class and give it internal and international legitimacy", said Rima Majed of...

Authorities concerned say that since 2020, requests for passport renewals have been ten times higher than in previous years.

The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis, following months of negotiations. The deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global...

The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020 debt default, and officials in Beirut applauded the announcement as it will open the door to additional financial support.

The online questionnaire was launched in January, more than half a year after President Kais Saied sacked the government, froze parliament and seized near-total power in a decisive blow against the country's political elite.

Lebanese families are lobbying authorities to return their relatives held in Syria.

Every day at the family grocery stall in a Tunis market, Bilel Jani sees the reality of a biting economic crisis, which for many has overshadowed Tunisia's latest political turmoil. "People here are poor," he said, handing a meagre bag of olives to a customer. "Most of our customers are...

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as...

The self-proclaimed Turkish Republic of Northern Cyprus (TRNC) has been hit hard by the Covid pandemic and the plummeting value of the Turkish lira.

Negotiations with the IMF opened in May 2020, but after two months they stalled amid arguments over the size of financial losses.

President Michel Aoun has called for national dialogue on matters including a defense strategy.

Women and children were among the group intercepted Friday by a navy patrol off the coast of Qalamoun in northern Lebanon, the army says

Lebanese security forces on Friday said they thwarted an attempt by more than 80 people to illegally cross by sea into Europe from Lebanon. In a statement, the Internal Security Forces said they raided a "tourist resort" in the Qalamoun area of north Lebanon on Thursday after being tipped off....