- 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...
UAE top diplomat on first Syria visit in over a decade
The visit is widely seen as a sign of regional efforts to end Assad's diplomatic isolation as Syria grapples with a spiralling economic crisis.Here’s how much Lebanon depends on GCC
The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid, and how much.Lebanon to get Jordan’s electricity via Syria by 2022
The process of supplying Lebanon with electricity is expected to begin in early 2022.Bookshops disappear in war-torn Damascus
A decade-old civil war, economic crisis and a creative brain drain that has deprived Syria of some of its best writers and many of their readers have compounded worldwide problems facing the industryLebanon needs $1bn for local currency to regain value: Minister
Lebanon’s Information Minister George Kordahi has said that the country needs $1 billion to bring up the value of the Lebanese pound against the dollar. He acknowledged the fact that the demand for dollars is high, especially since diesel fuel is sold today in dollar terms.Lebanon leaders start conclave to plan rescue of economy
Lebanon is currently experiencing possibly the worst economic crisis in the world.Didn’t reject 2016 IMF report: Lebanon central bank chief
A Swiss newspaper claimed Riad Salameh struck out 14 pages of a 2016 IMF report that warned of economic crisis in Lebanon.Lebanon’s telecom, internet sector could collapse in days
Telecom companies in Lebanon have joined the long list of at-risk industries and institutions because of the financial and economic crisis that has led to shortages of, among others, fuel to make electricity. Telecom services, including the internet, were intermittently suspended in several regions in recent months.In Iraq vote, big blocs lurk behind ‘independents’
A new electoral law in Iraq will mean that when Iraqis go to the polls on Sunday, they will vote for individuals rather than parties. This is the country’s fifth election since the US toppled the Saddam Hussien regime in 2003.Jordan, Lebanon discuss cooperation
Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.Cash-strapped Lebanon names team for International Monetary Fund talks
The team -- Deputy Prime Minister Saade Chami, Finance Minister Youssef Khalil, Economy Minister Amin Salam and central bank governor Riad Salameh -- would be backed by experts. Lebanon hopes the talks with the IMF will help unlock billions of dollars in financial aid.Lebanon reforms will get foreign aid flowing: UNSC
The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus, most foreign powers have promised to provide aid only after Lebanon enacts reforms to curb corruption and make governance more transparent.Lebanon reaches out to Arab countries
Lebanese Prime Minister has confirmed that his country has reached out to Arab and Gulf nations for help, but the much-needed financial and economic aid to crisis-hit Lebanon is still locked until the government accomplishes fundamental reforms.Lebanon may see complete blackout by month-end
Electricite du Liban, or EDL, is now capable of generating less than 500 megawatts from the fuel it secured through a deal with Iraq, and even that fuel is not of the correct grade. Iraq signed an agreement in July to allow the cash-strapped Lebanese government to pay for 1...Lebanon’s only suicide hotline inundated
There are dozens of such calls every day, and around 1,100 a month, in a nation that has seen an exodus of healthcare specialists and shortages of drugs to treat anxiety, depression and psychosis.Lebanese parliament approves new government
Mikati's 24-member cabinet will be expected to offer solutions to shortages of medicine and fuel and to launch a ration card programme to protect the poorest.Lebanon’s health sector is about to collapse: WHO
Lebanon is undergoing one of the worst economic crises in the world, with economists predicting that hyperinflation is imminent in the country.Guilt-riven Lebanon expats ship aid as crisis bites at home
Social media platforms are filled with posts by Lebanese appealing for contacts abroad to send basic goods.First Iranian fuel deliveries reach Lebanon
Lebanon has been without a government for more than a year, and the main priority of Prime Minister Najib Mikati's newly-selected cabinet would be to guarantee petrol and electricity supplies and curb other shortages that are crippling the country.Yemenis protest hardship in govt-controlled south
Around 80 percent of its 30 million people depend on international relief and aid groups complain of financing shortfalls.Lebanon army giving helicopter rides to tourists for money
While most wages in Lebanon have remained unchanged, the value of the Lebanese pound has gone down more than 90 percent since end-2019. As a result, the salary of a Lebanese soldier, in global terms, has gone down to $90 from $850 earlier.Sudan inflation eases for first time under transition
The inflation rate was recorded at 387. 56 percent (year-on-year) in August, compared to 422.75 percent in JulyLebanon to order central bank forensic audit soon
Lebanon's outgoing finance minister Ghazi Wazni has told reporters that auditing firm Alvarez & Marsal would be signed on within days to conduct the audit into Banque du Liban, which is currently headed by its governor Riad Salameh.Economy in focus as Lebanon’s new cabinet holds first meeting
The meeting, during which a ministerial statement is to be drafted to be submitted to a confidence vote in parliament, opened in the presence of President Michel Aoun. He said in a statement he hoped the committee would pursue negotiations with the International Monetary Fund.Mikati seeks global support to revive Lebanon
The country no longer has the money needed to support its economy, says the new Prime Minister Najib Mikati said in a TV interview.Lebanon finally launches cash subsidy cards
Lebanon’s caretaker minister of social affairs announced the cash cards on Thursday, saying they would benefit 500,000 families.Iran mulls preferential trade agreement with Lebanon
The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks with Lebanon for an FTA.Cyprus becomes safe haven for fleeing Lebanese
Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus.Hyperinflation imminent in Lebanon: Nasser Saidi
A crushing economic crisis, a sharp collapse of the local currency and a bankrupt banking sector are adding to the woes of Lebanon, says senior economist Dr Nasser H. Saidi.Syria agrees to help Lebanon get gas, electricity
The country has said it is ‘ready’ to help Lebanon with ‘transit for Egyptian gas and Jordanian electricity via Syrian territory’.Three in four in Lebanon are living in poverty: UN body
That number goes up to 5 out of 6 people when one redefines poverty beyond the usual fiscal lines and adds social indicators to it.Lebanon crisis may fuel bread shortage
The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the average cost of food for a Lebanese family is already five times the minimum wage.Lebanon’s ‘new poor’ pull children out of private school
Since 2019, Lebanon's financial meltdown, one on the planet's worst since the 1850s, has decimated the country's middle classSyrian workers head home as Lebanon collapses
The World Bank has already called Lebanon’s economic crisis one of the worst in the world since the mid-1800s.Lebanese delegation to seek help from Syria, Jordan, Egypt
The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.Lebanon to disburse dollars to families
The decision to disburse the $246-million World Bank loan in dollars will have a significant impact on the beneficiaries.Despite economic crisis, Lebanon to reopen schools
Rights groups have decried an “education catastrophe”, with more than a million children in Lebanon out of school since the country’s Covid-19 outbreak began in February last yearMore than 4m could lose water in Lebanon, warns Unicef
Unicef is calling for the urgent restoration of power supply, which is the only solution to keep water services running.US to help Lebanon procure electricity
Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.Lebanon buries victims of fuel tank blast
The explosion on Sunday in the Akkar region scorched crowds clamoring for petrol that the army was distributing in light of severe fuel shortages.Crisis-hit Lebanon reels from latest deadly explosion
At least 28 people were killed when the fuel tank blew upNawal El Zoghbi snubs award over Lebanon economic crisis
El Zoghbi, one of the most famous artistes in the Arab world, announced her decision on Twitter.Fuel tank blast kills 20 as Lebanon struggles to cope with oil demand
The cause of the explosion was not immediately clear. Lebanon, hit by a financial crisis branded by the World Bank as one of the planet’s worst since the 1850s, has been grappling with dire fuel shortages for months. The Lebanese army on Saturday said it seized thousands of liters of...A lot is at stake for poor in Tunisia
The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates a loan from the IMF.Lebanon deploys army at pumps over fuel subsidies
Fuel importers blame the crisis on a delay by the central bank in opening credit lines to fund importsLebanon leaders, central bank lock horns over fuel subsidies
In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for fuel, amid its shortage.Only serious reforms will get Lebanon foreign aid: Saudi Arabia
The Saudi Cabinet, however, reiterated its solidarity with the country whose people are looking at a deepening economic crisis.Pope Francis back to full-time work with call for Lebanon aid
Francis said he hoped an international conference on Beirut explosion anniversary proves productive.Lebanon army gets second batch of food aid from Qatar
The first shipment was sent on July 8 on an Amiri Air Force aircraft belonging to the Qatari Armed Forces, said the local reports. In June, Lebanon’s army chief Joseph Aoun appealed to world powers to assist the military, noting it was struggling to pay soldiers’ wages. Aoun also warned...

















































