Already governed by a caretaker cabinet, crisis-hit Lebanon is hurtling towards an imminent power vacuum, with just days before the current president's term finishes at the end of the month. Aoun was elected in 2016 after a more than two-year vacancy at the presidential palace, as lawmakers made 45 failed...

Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated shortages of subsidised flour, sugar and other basic goods in recent months. The North African country is years into a grinding economic downturn exacerbated by inflation that hit nine percent...

Paris, France— Russia's invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe and Central Asia, the UN children's agency said Monday. "Children are bearing the heaviest burden of the economic crisis caused by the war in Ukraine," UNICEF said. The conflict "and...

The exchange rate reached more than 5,000 Syrian pounds to the US dollar for the first time since the start of the conflict more than a decade ago. Syria's official exchange rate has stood at around 3,015 pounds to the greenback since Sept-- compared to 47 pounds to the dollar...

The agency's report, published ahead of meetings of International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action. But UNDP chief Achim Steiner told reporters in Geneva that despite repeated warnings, "little has happened so far, and the risks have...

The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly in Africa, putting lives at risk.

The term of Michel Aoun expires at the end of October. The session will mark the first attempt by lawmakers to elect a new head of state at a time when the country is in the grips of a financial crisis described by the World Bank as one of the...

When a branch of the Byblos bank opened in the southern town of Ghaziyeh, a depositor, reported to be in his 50s, stormed the premises with his adult son. He threatened bank employs with a gun, which a Lebanese TV channel said may have been a toy, and demanded his...

The Tunisian Forum for Economic and Social Rights (FTDES) said the minors were among a total of 10,139 Tunisian migrants to have made it to Italy since the start of 2022. More than 14,700 migrants, including many from sub-Saharan African nations, have been intercepted and turned back over the same...

Over 18 million people, nearly half the Sudanese population, are expected to be pushed into extreme hunger by September, according to United Nations estimates.

Lebanon said Friday it will resume appointments to issue and renew passports next week after suspending such bookings in late April due to supply shortages that sparked nationwide alarm.

President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said that more than half a billion people around the world who have fallen under the poverty line during the pandemic.

Sunday's decision came after a meeting with senior military officials recommending the state of emergency be lifted and people detained under an emergency law be freed.

More than 100 lawsuits had been filed against GT by workers, along with three contempt-of-court charges against Yunus and another manager.

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".

Lebanon headed to the polls today for its first election since multiple crises dragged it to the brink of failed statehood, with the ruling elite expected to comfortably weather public anger. The parliamentary election is the first test for opposition movements spawned by an unprecedented anti-establishment uprising in 2019 that...

The official unemployment rate in crisis-hit Lebanon jumped almost three-fold to reach 29.6 percent at the start of the year, a joint survey by the UN and the government said Thursday. "Lebanon's unemployment rate increased from 11.4 percent in 2018-2019 to 29.6 percent in January 2022, indicating that almost one...

Lebanon is going through a severe economic crisis, described by the World Bank as one of the world's worst since the 1850s.

At least 44 migrants drowned on Sunday when their boat capsized off the coast of the Western Sahara, migrant aid agency Caminando Fronteras said. Twelve others survived the tragedy, which happened when the boat sunk off the coast of Cap Boujdour, the agency's Helena Maleno tweeted. The bodies of seven...

The cost of fuel has soared worldwide since Russia invaded its neighbor Ukraine in February and the West responded by slapping sanctions on Moscow. The rising price of fuel has caused prolonged power blackouts in Nigeria in recent weeks.

The Lebanese pound has lost more than 90 percent of its value on the black market, more than 80 percent of the population lives in poverty.

Migrants from African countries ravaged by war and poverty, make desperate bids to reach Europe through Mediterranean sea which is the world's deadliest migration route.

Melilla and Ceuta, Spain's tiny enclaves, have the EU's only land borders with Africa that attracts desperate migrants to escape poverty, violence and hunger both at home.

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

Weekly storytelling events are one of the last affordable pleasures in Lebanon, where a crashing local currency has rendered books something of a luxury.

The research team recruited 1,000 low-income mothers and their newborn babies in four US cities for the randomized control trial.

A Taliban delegation headed by Foreign Minister Amir Khan Muttaqi is meeting representatives of the US, France, Britain, Germany, Italy, the European Union, and Norway in their first visit to Europe after coming taking over to Afghanistan.

Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum.

Lebanese group Hezbollah and its ally the Amal movement said Saturday they were ready to return to government meetings after three months of political deadlock that has exacerbated the country's economic crisis. Lebanon's government was formed in September after a 13-month political impasse.

Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.

UNRWA Commissioner-General Philippe Lazzarini has acknowledged that stagnating donor funding for close to a decade remained below the amount needed to provide quality services. At the same time, as the refugee population continued to grow, poverty and vulnerabilities skyrocketed.

The World Bank on Thursday said it agreed with its partners to repurpose $37 million in funds to help Lebanon's public school teachers survive a crushing economic crisis. The World Bank and the UK Foreign, Commonwealth and Development Office would divert the money from the Lebanon Syrian Crisis Trust Fund,...

A $510 million Humanitarian Response Plan was launched on Thursday to support 1.6 million of the most vulnerable people in Gaza and in the West Bank, including East Jerusalem, during 2022. Palestinian media reports said the plan was launched by the Humanitarian Coordinator for the occupied Palestinian territory, Lynn Hastings....

The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip Erdogan's "economic war of independence" by cutting interest rates for the fourth successive month. The reduction of the main rate to 14 from 15 percent comes in the face of...

Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a spiraling economic crisis hits public finances and threatens subsidies on essential goods. A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of...

UN Secretary-General António Guterres in his message marking the International Universal Health Coverage Day said that with the third year of the pandemic fast approaching, "we must urgently strengthen our health systems to ensure they are equitable, resilient and capable of meeting everyone’s needs, including for their mental health.''

Inflation in Syria is soaring just as fast as it is in neighboring Turkey, with basic food items such as bread selling at record prices and purchasing power at its lowest ever. And when the price of a bag of flatbread stops rising, locals say, the amount of bread inside...

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

Egypt President Abdel Fattah al-Sisi is building a new capital, whose construction costs are already under a microscope.

Libya has seen several political and security crises since Muammar Gadaffi was overthrown a decade ago.

Lebanon's government, formed in September, has yet to take serious action to stop its downward spiral.

The lack of progress towards peace and reconciliation and Covid-19 caused an unsustainable economic situation in the Palestinian territories.

Gameya is a cooperative system that allows people to save and borrow money, and is popular in several parts of the world, including Africa and Latin America. Participants put an equal amount each month in a pot and take turns to collect the sum that has accumulated.

Basra province gets only 1 trillion dinars out of the total Iraqi budget of 130 trillion Iraqi dinars ($89 billion), according to deputy governor Dorgham al-Ajwadi.

The Lebanese central bank has opened a credit line of $60 million for medicine importers.

Feathers is a film about the struggles of a woman whose husband has been turned into a chicken.

The fund also warned that the longer-term risk of the uneven recovery could permanently widen wealth, income, and social gaps.

The UAE maintains a firm belief that the international community must work together to honor shared commitments towards achieving zero poverty.

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.

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.