On Monday, protestors jammed a highway linking Lebanon and Syria with burned tires and metal bars, demonstrating a verdict intended at curbing oil smuggling into Syria. Gasoline smugglers choked the Masnaa passage
MoreInvestment Corporation of Dubai (ICD), Dubai’s main state-controlled company and primary investment arm, declared its first loss in the last eight years on its portfolio businesses for 2020 amidst the COVID-19 pandemic,
MoreThe World Bank has approved a $450 million loan to Morocco to expand the availability of financial and digital services. The World Bank indicated that this loan is the second financing in
MoreOn Thursday, General Joseph Aoun of the Lebanese Army, uttered an assurance that the military would overcome what he defined as a “crucial and delicate period” that Lebanon is facing. The military
MoreLebanon’s currency has devaluated more against the dollar on the black market on Thursday. The freefall of the local currency gripped the state as a political deadlock and an economic crisis ensues
MoreOn Wednesday, the Lebanese army stated that it is in desperate need of donor assistance to survive one of the world’s worst financial crashes, ahead of a UN-backed fundraising conference. The virtual
MoreFrench Ambassador in Khartoum says commitments are followed made by the donors at Paris Conference
Ambassador of the French Republic, Emmanuel Platman, made a statement about the results of the Paris Conference and how the donor countries’ commitments will be fulfilled in order to support Sudan in
MoreSaudi Arabia’s gross domestic product (GDP) fell 3% in the first quarter of 2021. The oil sector is read to be behind this decline due to its sharp fall. According to a
MoreKuwaiti state news agency KUNA reported that the country’s gross domestic product (GDP) shrunk 9.9% in 2020, compared to 0.4% growth in 2019. The drop is mainly because of a sharp decrease
MoreAccording to a Bloomberg news written by Dana El Baltaji, Archana Narayanan, and Matthew Martin, Saudi Arabia hired advisors from prominent banks including Citigroup Inc. and Goldman Sachs Group Inc. for its
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