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Turkey's central bank bank said the one-week repo rate would go from 8.25 percent to 10.25 percent.

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

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.

Trump praises Erdogan in meeting with former Turkey prisoner

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.

Lebanon needs an independent cabinet with legislative authority

Lebanese Center for Policy Studies

Lebanon needs an independent cabinet with legislative authority

Comment: Researchers at the Lebanese Center for Policy Studies take an in-depth look at how a Lebanese cabinet backed up with real legislative ...

International Crisis Group

The Beirut blast: An accident in name only

Comment: Blatant, perhaps criminal, negligence and bureaucratic ineptitude were the immediate causes of the explosion, says the International Crisis Group.

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.

The New Arab Staff & Agencies

What we know about the Lebanon explosions

Here are the main takeaways from the massive blast that devastated Lebanon's capital Beirut.

The New Arab Staff

Scores dead after massive explosion rocks Beirut

Authorities have blamed the devastating blast on a years-old store of ammonium nitrate fertiliser at the Beirut port.

Lebanon: Ambitions of a nation taken hostage

Carmen Geha

Lebanon: Ambitions of a nation taken hostage

Comment: Lebanon has reached a tipping point which, if history is anything to go by, can lead to irreversible damage, writes Carmen Geha.

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 ...

Syria Insight: Russia weaponises aid as Syrians go hungry

Paul McLoughlin

Syria Insight: Russia weaponises aid as Syrians go hungry

Aid has been a bargaining tool by powers in the Syria war, but with the coronavirus crisis sweeping through the country it has become a matter ...

Oxfam, NRC call for greater aid access to Syria

The New Arab Staff

Oxfam, NRC call for greater aid access to Syria

The two aid groups have complained of repeated hurdles in accessing regime-held areas.

What will happen to Turkey's Hagia Sophia?

The New Arab Staff

What will happen to Turkey's Hagia Sophia?

First a Byzantine church, then an Ottoman mosque and finally a museum, Turkey's Hagia Sophia will now be reconverted into a Muslim place of ...

Lebanon's Nasrallah says Hezbollah not married to 'Iran model'

The New Arab Staff

Lebanon's Nasrallah says Hezbollah not married to 'Iran model'

Lebanon's cash-strapped government is looking for fuel supplies.

The New Arab Staff

Lebanon's leading Christian clerics slam government's economic mismanagement

Lebanese are suffering unprecedented economic meltdown since the civil war.

The New Arab Staff

More suffering for Lebanese as government lifts bread subsidies

The cash-strapped Lebanese government has lifted subsidies on bread.

The New Arab Staff

Pope warns of 'mass starvation' in Syria and Lebanon

As Syria and Lebanon continue to struggle amid worsening economic crises, the Pope on Sunday urged world leaders to help the two countries.

The New Arab Staff & Agencies

Lebanon currency in free-fall amid political impasse

The Lebanese pound was reportedly selling at 6,200 to the dollar, losing more than 75 percent of its value.

Syria Insight: Suweida's autonomy threatened by new economic uncertainties

Paul McLoughlin

Syria Insight: Suweida's autonomy threatened by new economic uncertainties

Suweida has enjoyed a great degree of autonomy from regime rule during the war, but the dire economic situation in Syria is hitting home.

The New Arab Staff

Turkish man 'refuses' restaurant bill, jumps into sea

According to Hurriyet Daily, the man was shocked to receive a 'hefty' bill of 330 Turkish Lira ($48) after enjoying a solo dine-in at ...

Syrian opposition welcomes Caesar sanctions against regime

The New Arab Staff

Syrian opposition welcomes Caesar sanctions against regime

The economy minister of the Syrian opposition ‘interim government’ says new US sanctions against the regime target key economic sectors and will ...

Caesar Act: Unprecedented sanctions on Syria's Asma Al-Assad

The New Arab Staff

Caesar Act: Unprecedented sanctions on Syria's Asma Al-Assad

The US State Department unveiled its harshest sanctions on Syria to date, naming First Lady Asma al-Assad for the first time under the Caesar ...

Turkey transgender woman sues neighbours over years of harassment

The New Arab Staff

Turkey transgender woman sues neighbours over years of harassment

Turkish trans woman Ajda Ender has finally had her lawsuit accepted by a court after more than a decade of 'gender-based harassment' and ...

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