Lebanese prosecutors on Thursday ordered the arrest of a senior central bank official as part of an investigation into exchange rate manipulations as the country struggles with a major currency crisis.
The Lebanese pound had been pegged to the dollar at 1,500 since 1997 but the country's worst economic crisis in decades has seen its value plunge
...Lebanon on Thursday ordered the seizure of all contraband goods at its border with Syria after a controversy over fuel smuggling, as both countries face economic crises.
Lebanon is mired in its worst economic crunch in decades and public pressure has mounted for a tougher approach to smuggling, especially of fuel and flour.
The cabinet on Thursday
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...Arab Banks said credit to the private sector is expected to contract by $14.5 billion in the GCC states
Arab stock markets plunged almost a quarter in value in the first three months of 2020 due to the coronavirus pandemic and the collapse in oil prices, a UN agency said Thursday.
"The drop in oil prices and the Covid-19 pandemic
Who would have thought that two of the Middle East’s largest airlines, who have denied rumours of a merger for years, would release a joint statement? Then again, who would have predicted that a virus would wipe out $314bn in ticket sales in 2020?
In May, Emirates airline President Tim Clark and Etihad Airways CEO Tony Douglas warned that 85
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