IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries
The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...
Tag : Lebanon
Wider war in Middle East would impact global economy: World Bank chief Ajay Banga
According to Ajay Banga, the destruction caused by Israel's bombing of southern Lebanon will contribute to the USD 14–20 billion in war damage that has already likely resulted from Israeli strikes on Gaza...
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
Lebanon’s growth is inadequate for economic recovery: IMF
Since the Gaza War began in October 2023, fighting between Israeli forces and Hezbollah in Lebanon has taken place across the West Asian country's southern border...
IF Insights: Economic downfall continues for Palestine as Gaza conflict rages on
According to a recent UN report, 93% of Palestine refugees in Lebanon live in extreme poverty...
Moody’s maintained its ‘C’ rating on Egypt
Moody's anticipates a volatile economic environment to endure, because of persistent political impasse and weak institutions...
IF Insights: Israel feels ‘Gaza Pinch’ as its economy struggles
Israel nearly collapsed in 1973 due to the cost of armaments and drafting 200,000 army reservists for Yom Kippur...
Gaza war: Turbulent times ahead for aviation sector
Conflicts in the Middle East have a tendency to push up oil prices, which can bring disastrous effects on the aviation industry...
Former Banque du Liban Governor Riad Salameh faces heat over ‘financial malpractices’
Riad Salameh served as central bank governor in Lebanon from 1993 until July 31, 2023...