IMF warns Lebanon of hyperinflation risk
Ernesto Ramirez Rigo, the head of the IMF’s mission in Lebanon, said on Thursday that progress towards finalizing a bailout package...
Middle East
Saudi Arabia and Iran plan bilateral talks
After holding a call on the first day of Ramadan, Saudi Arabia’s and Iran’s foreign ministers have agreed to hold bilateral...
Malaysia seeks closer ties with Saudi Arabia
Malaysian Prime Minister Anwar Ibrahim visited Saudi Arabia this week, seeking to restore ties with the wealthy Middle Eastern country...
Iraq to settle bilateral trade with China in yuan to defend the dinar
Iraq’s central bank announced on Wednesday that it would settle purchases of Chinese imports directly in yuan in order to improve its...
Iranian rial falls to record low against dollar
Iran’s currency sank to a new low of 500,000 to the dollar on Monday on news that the US and...
Lebanon devalues official exchange rate by 90%
Lebanon devalued its currency by 90% this week in an effort to fulfill promises made as part of a deal with the...
Saudi Arabia pushes to grow tourism sector
Saudi Arabia’s effort to diversify its economy got a boost last year with a near-100% surge in tourism revenue, Arab News...
Iraq looks to Qatar for energy investment
Iraq is hoping to secure a $27 billion investment from Qatar that would stanch the flow of money out of the...
Enhanced dollar controls slam the battered Iraqi economy
Iraq’s economy is reeling after stricter controls on wire transfers targeting Iran led to a sharp rise in import costs and rapid depreciation in...
Gulf nations warm to Emerging Asia as Western alliances weaken
By: Ken Stibler and Chris Muth Chris Muth is a Middle East analyst with experience in defense and counterterrorism policy...
Iranian unrest spreads to remote, restive provinces
least 19 people were killed in Iran on Friday during antigovernment protests in a southeastern province that is home to...
Albania breaks relations with Iran over cyberattack
Albania became the first country to break diplomatic relations after it expelled Iran’s diplomatic staff and formally broke relations with Tehran over...
