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Lebanon is hurtling toward a tipping point at an alarming speed, driven by financial ruin, collapsing institutions, hyperinflation and rapidly rising poverty - with a pandemic on top of that.

The mood in Libya is gloomy as they celebrate Eid al-Adha in a state of war and pandemic.

UN announces start of Libya <em>Central</em> <em>Bank</em> audit

The New Arab Staff & Agencies

UN announces start of Libya Central Bank audit

The audit approval follows months of international pressure.

Mohammed bin Zayed's preferences regarding UAE foreign policy

Kristian Coates Ulrichsen

Mohammed bin Zayed's preferences regarding UAE foreign policy

Comment: Kristian Coates Ulrichsen takes a deep dive into whta's driving bin Zayed's aggressive foreign policy agenda, the risks involved, and ...

Oligarchs crashed the economy, Lebanese are paying the price

Nizar Hassan

Oligarchs crashed the economy, Lebanese are paying the price

Comment: Lebanon's oligarchs have avoided taking necessary action, sabotaged IMF negotiations, and are now seeking an impossible solution. All ...

The New Arab Staff

Lebanon Central Bank governor responds to inflated assets accusations

Riad Salameh denied recent accusations of intentionally concealing the central bank's losses, after being charged with "undermining the financial status of the state" and embezzlement.

The New Arab Staff & Agencies

France pledges $17 million to Lebanon's struggling schools

The French assistance will go to a network of over 50 French and Francophone schools, it has been reported.

Malia Bouattia

Handpicking historians to discuss France-Algeria's colonial history won't help

Comment: Algeria and France are about to have a long overdue discussion about their colonial past. But will it be anything other than ...

The New Arab Staff & Agencies

IMF is way out of Lebanon crisis, says France

The International Monetary Fund may be the only way out of Lebanon's financial crisis, France advised.

Lebanon: Adrift in stormy seas

Jim Muir

Lebanon: Adrift in stormy seas

Comment: With its currency in free-fall, half the population plunged into poverty, and IMF talks in disarray, Lebanon appears to be lurching ...

The New Arab Staff & Agencies

Lebanon contracts NY-based company to do forensic audit

New York-based Alvarez & Marsal will conduct a forensic audit of the Lebanese central bank's accounts.

Lebanon judge orders seizure of <em>central</em> <em>bank</em> governor's assets

The New Arab Staff

Lebanon judge orders seizure of central bank governor's assets

A Lebanese judge ordered the seizure of the central bank governor's assets and properties as the country grapples with a ...

Riyadh hosts G20 talks on virus recovery, debt crisis

The New Arab Staff & Agencies

Riyadh hosts G20 talks on virus recovery, debt crisis

Saudi Arabia will host talks aimed at bringing the global economy to recovery amid coronavirus.

As Israel virus cases surge, government weighs new lockdown

The New Arab Staff & Agencies

As Israel virus cases surge, government weighs new lockdown

The growing coronavirus outbreak, coupled with a struggling economy, have marked a dramatic turnaround for Israel's Prime Minister Benjamin ...

New coronavirus lockdown another financial burden for Palestinians

The New Arab Staff & Agencies

New coronavirus lockdown another financial burden for Palestinians

Palestinians have been hit with another lockdown, as Covid-19 cases spike.

The New Arab Staff

Algeria's new economic reforms aims to save $20 billion

The North African country is launching an economic plan that would help it out of its financial strait.

The New Arab Staff

Lebanon 'must probe' $6 billion of foreign bank transfers

The request came after the former director general of Lebanon's finance ministry, Alain Bifani, alleged that local banks 'smuggled' close to $6 ...

The New Arab Staff & Agencies

IMF warns Lebanon of high price of delaying reforms

Lebanon's government has estimated losses at around 241 trillion Lebanese pounds, which amounts to around $69 billion at an exchange rate of ...

The New Arab Staff & Agencies

IMF predicts worst Mideast downturn in half century

The IMF said that the region's hardest-hit countries will be those that are "fragile and in conflict situations," with their economies forecast ...

Haftar's forces set conditions for lifting oil blockade

The New Arab Staff & Agencies

Haftar's forces set conditions for lifting oil blockade

Forces loyal to Khalifa Haftar want Libya's oil revenues to be distributed 'fairly' among rival factions.

Gasia Ohanes

Syrians 'must exchange $100 to local currency' upon return

'Like a visa to your own country': Syrians say the forced transaction through regime channels will cost nationals returning over $50 upon entry.

British MPs 'outraged' over arms sales to Saudi Arabia

Sana Uqba

British MPs 'outraged' over arms sales to Saudi Arabia

This week we focus on a 'disappointing' decision by the UK to resume Saudi arms sales, warnings over famine in Yemen and more.

UN warns Yemen on the brink of famine again

The New Arab Staff & Agencies

UN warns Yemen on the brink of famine again

The UN has once again sounded the alarm over Yemen's descent into famine as donor funds have dried up.

Iran currency tumbles to new low against dollar

The New Arab Staff

Iran currency tumbles to new low against dollar

The latest dip has prompted Iran's central bank to inject millions of dollars into the market, in a bid to stabilise the ...

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