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"I am the governor who tried, with the means we have, to maintain the system, not to let the system collapse," Riad Salameh claimed amid rumours he would quit.
The country is bracing for another economic crisis after the Lira plummeted in value due to covid-19, which impacted economies across the world.
Turkey announces historic gas discovery in Black Sea
Turkey revealed that drilling in the Black Sea has led to the discovery of gas reserves.
Kuwait running out of cash to pay government workers
Kuwaiti lawmakers have stalled annual payments to a sovereign wealth fund as the cash-strapped Gulf state assesses its options.
Peanut traders baffled by Sudan export ban on crop
Peanut traders have been left stunned by a sudden decision from the Sudanese trade ministry to ban the export of raw peanuts.
Lebanese try to storm energy ministry amid power cuts
Lebanese residents have been hit with severe daily power cuts since late June as an economic and political crisis spirals out of control.
Kuwait bans flights to 31 'high risk' countries
Flights from at least 31 'high risk' countries will no longer be permitted to land in Kuwait, authorities said, as the Gulf state continues to ...
Desperate and trapped, Gaza's youth turn to suicide
Amid growing desperation, Gaza is in the grip of a suicide crisis.
Saudi Arabia posts $29 billion losses for second quarter
The kingdom has recorded big losses for the second quarter of 2020.
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 ...
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 ...
Saudi officer arrested for patrolling Mecca streets on camel
Saudi police were quick to arrest a security officer for patrolling the streets of Mecca on a camel, videos circulating online showed.
Saudi Arabia considering income tax and asset sales
Saudi Arabia has suffered from low oil prices and the coronavirus epidemic.
Sudan says to devalue currency amid huge budget deficit
Finance Minister Hiba Mohammed said 'urgent measures' were necessary after state revenues dropped by 40 percent.
US 'pressuring Arab states to shun Beirut': Lebanese minister
Amid a worsening economic crisis, Lebanon's government is struggling to find support among its Arab allies.
Lebanon looks to China to help in economic crisis
Lebanon's deepening economic crisis has the country seeking help in the Far East.
Lebanon's rising power cuts add to economic crisis
Lebanon is experiencing a serious economic crisis offset by power cuts and austerity.
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 diminishing currency.
Kuwait general reserves plummet by third after coronavirus lockdowns
Low oil prices and coronavirus lockdowns have forced the Kuwaiti government to tap into reserves.
What defunding police can mean for US foreign policy
Comment: Given the increasingly apparent entanglements between overseas war and domestic policing, defunding police could be the foundation for ...
Kuwait mulls cutting subsidies as deficit predictions worsen
The plan to cut subsidies would see an increase in the cost of key utilities, including electricity, water and fuel, by up to 30 per cent, local ...
IMF cuts Saudi forecast as oil, virus hit economy
The new projection for the Saudi economy, the largest in the region, is a massive 4.5 percentage points lower than what the IMF had projected ...
Palestinians face uncertainty amid crashing economy and Israeli annexation
Two pressing issues dominate the conversation among Palestinians - a struggling economy and Israel's anticipated annexation.
Saudi wealth fund 'shopping spree' disguises economic pain
Amid its worst economic crisis in decades, the seemingly contradictory state policy to splurge billions on overseas assets is raising eyebrows.
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