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Lebanese prosecutors on Thursday ordered the arrest of a senior central bank official as part of an investigation into exchange rate manipulations as the country struggles with a major currency crisis.
The Lebanese pound had been pegged to the dollar at 1,500 since 1997 but the country's worst economic crisis in decades has seen its value plunge
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Lebanon on Thursday ordered the seizure of all contraband goods at its border with Syria after a controversy over fuel smuggling, as both countries face economic crises.
Lebanon is mired in its worst economic crunch in decades and public pressure has mounted for a tougher approach to smuggling, especially of fuel and flour.
The cabinet on Thursday
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Arab Banks said credit to the private sector is expected to contract by $14.5 billion in the GCC states
Arab stock markets plunged almost a quarter in value in the first three months of 2020 due to the coronavirus pandemic and the collapse in oil prices, a UN agency said Thursday.
"The drop in oil prices and the Covid-19 pandemic
Who would have thought that two of the Middle East’s largest airlines, who have denied rumours of a merger for years, would release a joint statement? Then again, who would have predicted that a virus would wipe out $314bn in ticket sales in 2020?
In May, Emirates airline President Tim Clark and Etihad Airways CEO Tony Douglas warned that 85
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