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Money exchange shops traded the Iranian rial 262,000 for a dollar.

Aiming to avert economic crisis, the ruling includes setting up emergency courts, enacting laws to protect the economy, and imposing harsher penalties on smugglers and a rising black market

Friends or foes: Are India-Turkey ties improving?

Sabena Siddiqui

Friends or foes: Are India-Turkey ties improving?

India's economic diplomacy with Turkey could yield positive results, but Kashmir remains a source of friction.

Lebanon bank governor says he won't quit despite rumours

The New Arab Staff

Lebanon bank governor says he won't quit despite rumours

"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 ...

For Lebanese, recovery too heavy to bear after blast

The New Arab Staff & Agencies

For Lebanese, recovery too heavy to bear after blast

Lebanese families are still struggling with rebuilding in the wake of the massive explosion centered at Beirut's port.

The New Arab Staff & Agencies

World Bank-funded dam in Lebanon mirrors governance crisis

Campaigners describe the Bisri Valley dam as an environmental crime and a prime example of poor governance.

The New Arab Staff & Agencies

Spurned by allies, Saudi rethinks chequebook diplomacy

Saudi Arabia is 'seeking to end the perception of being an ATM' for its neighbours, as the dual economic impact of the coronavirus and low oil ...

The New Arab Staff

Turkish economy set for 'sharp downturn', economists say

The country is bracing for another economic crisis after the Lira plummeted in value due to covid-19, which impacted economies across the world.

The New Arab Staff

Trump praises Erdogan in meeting with former Turkey prisoner

The US president appeared to make an ill-timed compliment about his Turkish counterpart during a meeting with Americans jailed abroad.

Syria's Assad tasks caretaker PM to form new government

The New Arab Staff & Agencies

Syria's Assad tasks caretaker PM to form new government

Hussein Arnous was appointed caretaker prime minister in June and has now been tasked with forming a new cabinet.

Sabena Siddiqui

Could Saudi Arabia be parting ways with Pakistan?

Riyadh's passive stance on Kashmir has caused a rift with Pakistan as changing regional alliances threaten their strategic relationship.

More than half of pre-blast Lebanon 'trapped in poverty'

The New Arab Staff & Agencies

More than half of pre-blast Lebanon 'trapped in poverty'

A United Nations agency said more than half of Lebanon's population were trapped in poverty even before the devastating Beirut port blast.

Palestine to boycott Dubai Expo 2020 following UAE-Israel deal

The New Arab Staff

Palestine to boycott Dubai Expo 2020 following UAE-Israel deal

Palestine announced its boycott of Dubai's Expo 2020 in protest of the UAE-Israeli normalisation deal.

Deadly Beirut blast prompts new exodus from Lebanon

The New Arab Staff & Agencies

Deadly Beirut blast prompts new exodus from Lebanon

Following the deadly blast in Beirut that happened two weeks ago, many families are looking to leave Lebanon, saying they no longer feel safe in ...

Erdogan praises 'brotherhood' with disaster-stricken Lebanon, mocks 'parading' Macron

The New Arab Staff

Erdogan praises 'brotherhood' with disaster-stricken Lebanon, mocks 'parading' Macron

'We are there in Lebanon because of eternal brotherhood ties, not to have our picture taken or parade in front of the cameras as some do,' the ...

Brooke Anderson

What a Biden-Harris ticket means for the Middle East

America's strategy in the Middle East has failed. But can a Biden presidency repair it?

Narjas Zatat

Impact Lebanon: the group leading the Beirut aid appeal

As the political elite point fingers of blame, aid groups stepped up to help Lebanon during this time. Impact Lebanon is one of them.

Gaia Caramazza & Florence Dixon

Abandoned and forgotten, migrant workers reel from Beirut explosion

Many of those killed by the Beirut explosion were migrant workers. Already a vulnerable group in Lebanon, their plight is now likely to get even ...

The New Arab Staff

Riyadh ends oil deal for Pakistan amid Kashmir rift

Pakistan was forced to repay $1 billion of a $6 billion package agreed with Riyadh in 2018.

Canada launches Lebanon relief fund after deadly Beirut blast

The New Arab Staff & Agencies

Canada launches Lebanon relief fund after deadly Beirut blast

Canada has vowed to match donations to a Lebanon relief fund to aid the victims of the Beirut port blast, where more than 150 people died and ...

Gaia Caramazza

Lebanese mobilise to clean up Beirut after deadly blast

Beirut residents are taking matters into their own hands by cleaning up the mess caused by a blast that has been compared to Hiroshima.

Turkish lira hits record low as forex reserves dwindle

The New Arab Staff & Agencies

Turkish lira hits record low as forex reserves dwindle

The new fall comes as markets worry about a meltdown in the foreign currency reserves at Turkey's central bank.

Amnesty International calls for independent investigation into Lebanon blast

The New Arab Staff

Amnesty International calls for independent investigation into Lebanon blast

The rights group said the investigation should be 'free from any potential domestic political interference'.

Beirut Explosion: Be angry, not just sad, for Lebanon

Karim Traboulsi

Beirut Explosion: Be angry, not just sad, for Lebanon

The New Arab's Managing Editor, Karim Traboulsi, writes a scathing indictment of the Lebanese government and its negligence over the devastating ...

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