The New Arab Logo

Breaking News

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

Pakistan hopes to tap into the $25 billion global hemp market with products such as CBD oils.

World Bank-funded dam in Lebanon mirrors governance crisis

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.

Half of Lebanese could face food shortages: UN

The New Arab Staff & Agencies

Half of Lebanese could face food shortages: UN

Over half of Lebanon's populations are at risk of food insecurity after the Beirut blast, according to the UN.

Turkish economy set for 'sharp downturn', economists say

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 & Agencies

Lebanon's central bank may stop supporting basic subsidies

Central Bank Governor Riad Salameh shifted blame over the dwindling foreign currency reserves, saying 'those in charge' should 'take the necessary measures' to avoid cuts to subsidies.

The New Arab Staff & Agencies

Sudan PM says government has no Israel normalisation mandate

Only a Sudanese government elected after the transitional period ends in 2022 could decide whether to normalise ties with Israel, Prime Minister ...

The New Arab Staff & Agencies

Sudan military, civilian rulers trade blame for economy

Sudan's civilian prime minister and the military general who heads the sovereign council have traded blame over a spiralling economic crisis.

The New Arab Staff & Agencies

Pompeo arrives in Sudan to push normalisation with Israel

Secretary of State Mike Pompeo arrived in Sudan on Tuesday as part of a regional tour to urge Arab states to normalise ties with Israel despite ...

Erdogan converts another former Istanbul church into mosque

The New Arab Staff & Agencies

Erdogan converts another former Istanbul church into mosque

The Turkish president is set to turn another ancient Orthodox church into a mosque.

The New Arab Staff

'Rock bottom' Lebanon must reform to receive aid: US

A leading US diplomat has given a scathing assessment of Lebanon's leadership.

Algeria turns to Islamic finance to prop up economy

The New Arab Staff & Agencies

Algeria turns to Islamic finance to prop up economy

Algeria has launched Islamic finance product s to attract more money, but bankers warn it isn't enough to fix the country's economy.

Priti Patel's toxic xenophobia is the real enemy

Malia Bouattia

Priti Patel's toxic xenophobia is the real enemy

Comment: The Home Secretary's spectacular lack of humanity towards migrants is obscuring the very real damage her government is doing to the ...

Impact Lebanon: the group leading the Beirut aid appeal

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.

Beirut Explosion: What could the future hold for Lebanon?

Narjas Zatat

Beirut Explosion: What could the future hold for Lebanon?

As Lebanon reels from one of its worst tragedies in recent times, experts are concerned about what the explosion could mean for the future.

The New Arab Staff & Agencies

Algeria economy rocked by one-two punch

Coronavirus and tumbling oil revenues have affected Algeria's economy.

The New Arab Staff & Agencies

Macron calls for international probe into Beirut blast

The French premier has joined calls for an international investigation into the blast and said France will help to organise an aid conference in ...

The New Arab Staff & Agencies

IMF urges Lebanon to break reform 'impasse' after blast

Talks with the IMF this year have so far failed to yield promises of reform from Lebanon's government.

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.

Iran records highest Covid-19 cases in over a month

The New Arab Staff & Agencies

Iran records highest Covid-19 cases in over a month

The spike in coronavirus cases has prompted Iranian authorities to reimpose restrictions lifted earlier this year.

The New Arab Staff & Agencies

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.

Kuwaiti social media influencers under investigation for 'money laundering'

The New Arab Staff

Kuwaiti social media influencers under investigation for 'money laundering'

Fouz Al Fahad, Farah Al Hady and other high-profile personalities have had their assets frozen and are banned from travelling outside Kuwait ...

Lebanon mountain club dodges economic crisis

The New Arab & agencies

Lebanon mountain club dodges economic crisis

Seeking to escape the doom and gloom of Lebanon's economic crisis, wealthy Lebanese chose to summer in the country's mountain resort town.

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 ...

Most Popular

Most Popular