The New Arab Logo

Breaking News

Saudi Arabia has been grappling with a budget deficit since oil prices first plunged in 2014.

Comment: While a generous UBI remains unaffordable in western countries, in MENA oil states it could offer a way to reform welfare and an inflated public sector, writes Steffen Hertog.

Lebanese government to keep bread <em>subsidy</em>, pledges alternative plan

The New Arab Staff

Lebanese government to keep bread subsidy, pledges alternative plan

Ministers agreed in a meeting on Tuesday draft a plan to help cut spending while maintaining support for some basic goods.

Lebanon sets grim record of daily coronavirus cases: 1,550

The New Arab Staff

Lebanon sets grim record of daily coronavirus cases: 1,550

Lebanon's covid-19 cases have shot up, prompting concern from authorities as the country still reels from the Beirut explosion which destroyed ...

Israeli tanks shell Gaza amid truce efforts

The New Arab Staff & Agencies

Israeli tanks shell Gaza amid truce efforts

Gaza security officials said the fire hit Hamas observation posts near Al-Maghazi and Al-Bureij refugee camps and the city of Khan Yunis, ...

The New Arab Staff & Agencies

Sudan protest movement rejects government plans to cut subsidies

Leaders of Sudan's protest movement rejected the government's economic reform plan.

Josh Ruebner

Thanks to Ocasio-Cortez, Congress could finally hold Israel accountable

Comment: Rep. Ocasio-Cortez is showing real leadership by firmly grounding her opposition to Israeli annexation in Palestinian human and ...

Pranab Bardhan

Modi's performance and the tragedy of India's poor

Comment: PM Modi's handling of the coronavirus pandemic failed India's poorest, with pitifully inadequate funds and an over-centralised ...

The New Arab

Sudan seeks US help over contentious subsidy reforms

Bread and fuel shortages have prompted long queues and protests in Sudan in recent days.

Gulf at risk of oil wealth vanishing by 2034

The New Arab & agencies

Gulf at risk of oil wealth vanishing by 2034

The Gulf risks its oil wealth vanishing by 2034 if it doesn't diversify its economy.

The New Arab

Jordan to cut bread subsidies by 25 percent

Jordan's 2020 economic budget could see protesters return to the streets in demonstrations against government austerity measures as they in the ...

Egypt to cut prices of food staples amid discontent

The New Arab & agencies

Egypt to cut prices of food staples amid discontent

Rare protests against President Sisi earlier this year pushed Egypt to consider cutting the costs of basic goods.

In Egypt, the economy is better off than Egyptians

Jean-Pierre Sereni

In Egypt, the economy is better off than Egyptians

Comment: Sisi's government boasts of its economic accomplishments, but for the vast majority of Egyptians, their lot hasn't improved at all, ...

Israel loves US handouts, but hates US criticism

Josh Ruebner

Israel loves US handouts, but hates US criticism

Comment: Israel is seeking to prevent US citizens like Shakir from witnessing and documenting its oppression of Palestinians, writes Josh ...

Saudi predicts increased budget deficit amid tumbling oil prices

The New Arab & agencies

Saudi predicts increased budget deficit amid tumbling oil prices

Saudi Arabia has said that its budget deficit will widen next year. This is the seventh year in a row that the country sustains a deficit, amid ...

The New Arab

Egypt awaits: Will Friday see huge anti-Sisi protests?

In-depth: Egyptian contractor Mohammed Ali has exposed huge government waste and corruption angering Egyptians. This week he has called for a 'million man march' against President Sisi.

The New Arab

Third of Egyptians live in poverty, government says

Nearly a third of Egyptians live below the poverty line, up from 27.8 percent in 2015, Egypt's state-owned Al-Ahram reported on Tuesday.

The New Arab

Egypt says no 'ministry of happiness' for sad population

An Egyptian official has said there are no plans for the government to set up a 'ministry of happiness' in the country which ranks as one the ...

The New Arab

Egypt petrol prices hiked in punishing austerity drive

Egypt's government will cut subsidies on fuel prices as part of $12 billion bail-out loan from the IMF that Cairo secured in 2016.

Egypt raises electricity prices as austerity continues to bite

The New Arab

Egypt raises electricity prices as austerity continues to bite

Egypt enacted stringent austerity measures shortly after general-turned-president Abdel Fattah al-Sisi came to power in a coup in 2014.

The New Arab

Egypt 'plans to cut bread subsidies on IMF advice'

The price of bread is set to rise according to government sources as Egypt cuts subsidies in response to IMF demands.

Sudan seeks UAE aid, after leaving Qatar empty-handed

The New Arab

Sudan seeks UAE aid, after leaving Qatar empty-handed

Qatar's Emir Tamim al-Thani is hosting Sudan's embattled President Omar al-Bashir.

Bahrain approves draft VAT law amid financial struggles

The New Arab

Bahrain approves draft VAT law amid financial struggles

Legislators approved a Gulf Arab agreement to introduce the tax after a royal decree ordered parliament to hold an extraordinary session on ...

Saudi 'might not' last two weeks without US: Trump

The New Arab & agencies

Saudi 'might not' last two weeks without US: Trump

The US president's comments came at a campaign rally in Mississippi as he seeks to pressure ally Riyadh to bring down oil prices.

Most Popular

Most Popular