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" currency"

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World - Region
7/9/2021 2:36:38 PM
The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s, and its foreign currency reserves are fast depleting

World - Region
6/29/2021 5:26:23 PM
Lebanon hiked fuel prices by more than 30 percent Tuesday as it reduced subsidies that have eaten away at the central bank's foreign currency reserves amid a painful economic crisis

World - Region
6/17/2021 2:41:00 PM
Banks, central to the service-oriented economy, are paralysed. Savers have been locked out of dollar accounts. The currency has crashed, driving a swathe of the population into poverty

World - Region
6/16/2021 11:56:58 AM
The pain of Trump's ramped-up sanctions, which sparked a currency collapse, galloping inflation and spiralling job losses, is the unifying electoral theme

World - Region
6/13/2021 5:56:06 PM
Lebanon is in the throes of a deep economic meltdown that is threatening its stability. The World Bank has called it one of the deepest depressions of modern history

World - Region
6/9/2021 9:29:56 AM
Lebanon's central bank said it could not continue with its subsidies of medical items without dipping into the mandatory reserves and hard currency deposits parked by local lenders at the bank

World - Region
6/8/2021 7:22:14 PM
It wasn't immediately clear if commercial banks, short on foreign currency, can meet the demand of an anticipated rush on the banks when the policy goes into effect July 1.

Business - Economy
6/8/2021 1:42:00 PM
The CBE said that the action came in the implementation of Egypt’s national council of payments’ strategy under the chairmanship of President Abdel-Fattah El-Sisi

World - Region
6/1/2021 9:49:50 AM
Lebanon defaulted on its debt last year, the currency lost around 85 percent of its value and poverty is devastating a country once seen as a beacon of prosperity in the region

Business - Economy
4/29/2021 3:20:20 PM
The data showed that domestic liquidity in the Egyptian market rose to EGP 5.1 billion by the end of March, up from EGP 5 billion in February and EGP 4.5 billion by the end of FY2019/20

World - Region
4/20/2021 1:06:50 PM
As the value of the local currency plunges on the black market, the cost of imported fuel, seeds, fertilisers and pesticides priced in dollars has skyrocketed

World - Region
4/14/2021 1:33:23 PM
Lebanon has endured a financial meltdown, with the currency losing up to 90% in value. A devastating explosion at Beirut port in August and the global coronavirus pandemic have compounded the country's woes

World - Region
4/5/2021 1:15:13 PM
Netanyahu left before the first prosecution witness testified in the first such trial of a sitting Israeli prime minister. He has described himself as the victim of a politically motivated witch-hunt

World - Region
3/31/2021 5:59:00 PM
Nasrallah said there were serious, collective efforts in recent days to ease a political standoff that has obstructed cabinet talks for months

Life & Style - Food
3/31/2021 5:04:23 PM
Abu Shadi turns down the heat in his oven once he has baked enough manaeesh (plural form of manousheh) to save on gas

World - Region
3/30/2021 12:00:52 PM
Last week talks between Aoun and Hariri on the formation of a new Cabinet broke down

World - Region
3/26/2021 2:04:57 PM
'This is something that needs to be discussed now and needs to be dealt with promptly,' Diab said in the statement

World - Region
3/25/2021 3:05:16 PM
The outgoing cabinet has stayed on in a caretaker capacity since quitting in August on the back of the port explosion that killed 200 people and destroyed swathes of Beirut

World - Region
3/24/2021 7:49:00 PM
Its chief Hassan Nasrallah has said he would support a cabinet of specialists should Hariri and Aoun come to an agreement

World - Region
3/22/2021 12:57:39 PM
Hariri is expected to hand over the latest draft lineup after a previous proposal failed to secure a consensus

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