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Turkey will keep its main interest rate at 19 percent, as inflations of the Turkish lira rises.

The announcement comes as Turkey plans to tax cryptocurrency transactions and assets.

Syrian parliament finalizes list of candidates for presidential election

The New Arab Staff & Agencies

Syrian parliament finalizes list of candidates for presidential election

The Syrian regime’s parliament is expected to approve candidates for an upcoming presidential election which is unlikely to be fair and almost certain to be won by Bashar al-Assad.

Biden's Armenian genocide recognition: A crisis in US-Turkey ties?

Omid Shokri

Biden's Armenian genocide recognition: A crisis in US-Turkey ties?

Analysis: Biden's decision to recognise the Armenian genocide could further strain already tense ties between Turkey and the US.

Turkish <em>lira</em> near record low, following US relations crisis

The New Arab Staff

Turkish lira near record low, following US relations crisis

The Turkish lira is suffering from Turkey's cold relationship with the US.

The New Arab Staff & Agencies

Turkey probes second crypto exchange as market implodes

Turkish officials have now blocked the account of the Vebitcoin exchange, reportedly detaining its CEO and three other company employees as part of a broader fraud probe.

The New Arab Staff & Agencies

Turkey seeks arrest of missing crypto boss over fraud

Turkey is seeking to extradite accused businessman Faruk Fatih Ozer from Albania.

The New Arab Staff & Agencies

Turkish crypto founder vanishes with reported $2bn

Turkish prosecutors launched an investigation after the Istanbul-based founder of a cryptocurrency exchange left the country holding a reported ...

Alessandra Bajec

Lebanon's supermarkets: On the frontline of an economic crisis

In-depth: The supermarket is where the average Lebanese citizen feels the economic crisis most, with staple goods vanishing and other essential ...

Erdogan wades into row over Turkish bank reserves

The New Arab Staff & Agencies

Erdogan wades into row over Turkish bank reserves

Erdogan has spoken publicly for the first time about the losses incurred by the central bank.

The New Arab Staff & Agencies

Turkey's Erdogan fires trade minister in Cabinet reshuffle

Recep Tayyip Erdogan has removed the trade minister from his post and replaced him with Mehmet Mus.

Turkey's central bank holds interest rate under new chief

The New Arab Staff & Agencies

Turkey's central bank holds interest rate under new chief

It is the first decision the central bank has made since the sacking of former governor Naci Agbal.

Foreign lenders cut ties with Lebanon as crisis deepens

The New Arab Staff

Foreign lenders cut ties with Lebanon as crisis deepens

The severed relationship between Banque du Liban and foreign correspondent banks will make it tough for Lebanon to transfer foreign payments and ...

Why the EU-Turkey migration deal needs to be reassessed

Tessa Fox

Why the EU-Turkey migration deal needs to be reassessed

In-depth: Five years after the EU-Turkey migration deal was reached, the agreement desperately needs to be reassessed for the sake of millions ...

The world watches Lebanon on brink of collapse

Emile Nakhleh

The world watches Lebanon on brink of collapse

Comment: Emile Nakhleh examines how corruption has brought Lebanese society to the brink, and why the international community and its ...

Maghie Ghali

Oil spill off Israel reaches south Lebanese beaches

The Lebanon Diving Center detail their efforts on cleaning up South Lebanon's tainted shoreline following a massive oil spill off the coast of Israel.

The New Arab Staff & Agencies

Turkey slams admirals' warning over Bosphorus treaty

103 retired Turkish admirals signed an open letter warning that developing a shipping canal in Istanbul could endanger the 1936 Montreux ...

The New Arab Staff

Lebanese buy tuk-tuks to eke out a living

The price of the three-wheeled vehicles usually does not exceed a thousand dollars and it is a fuel-efficient alternative to cars.

The New Arab Staff

More children drop out of schools in Lebanon: report

Enrollment has fallen while dropout rates have grown due to the closure of Lebanon’s schools after the outbreak of Covid-19.

Syria makes currency adjustment for international NGOs

The New Arab Staff

Syria makes currency adjustment for international NGOs

International NGOs have struggled with the depreciating lira, leading to funding shortages.

Paul McLoughlin

Syria Insight: Bread queues and hunger in Assad's Syria

After ten years of war, Syrians across the country are facing unprecedented hunger and poverty.

Lebanon joins UN list of 'catastrophic famine' risk countries

The New Arab Staff

Lebanon joins UN list of 'catastrophic famine' risk countries

A report by FAO and WFP lumps Lebanon together with famine-stricken Yemen and war-torn Syria in a list of countries at risk of food insecurity ...

Turkish markets sink after Erdogan fires top banker

The New Arab Staff & Agencies

Turkish markets sink after Erdogan fires top banker

Turkish currency and stocks plunged Monday as officials tried to stem the carnage caused by Erdogan's abrupt dismissal of his reformist central ...

Turkey tries to calm market after top banker sacked

The New Arab Staff & Agencies

Turkey tries to calm market after top banker sacked

Turkey officials are trying to reassure markets after the abrupt sacking of the central bank chief during the weekend.

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