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Lebanese Shia will rely on Hezbollah parallel economy

Location:

LEBANON

This promptly followed reports of a large explosion at a Hezbollah-linked fuel depot on a smuggling route across the Lebanon-Syria border, possibly targeted by Israeli planes.

Damascus will likely fail to stem currency collapse

Location:

SYRIA

The Syrian pound’s weakening beyond 1,000 to the dollar on the parallel market has exposed the chronic weakness of the economy, even as President Bashar al-Assad’s forces move…

Beirut faces a massive challenge on aid and reform

Location:

LEBANON

The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…

Lebanon’s central bank vacuum heralds more devaluation

Location:

LEBANON

A cabinet meeting yesterday to discuss a replacement failed to achieve quorum, as key political forces boycotted it. The first deputy governor, who succeeds by default, has…

Syrian currency collapse will drive food shortages

Location:

SYRIA

The Syrian pound's exchange rate fell by 40% in the first week of June before recovering slightly. After nine years of ruinous conflict, the struggling economy has been brought to…

Moldova's economic and banking crisis could grow

Location:

MOLDOVA

Moldova's weak economy is currently embroiled in the midst of a banking crisis which has seen 1 billion dollars go missing from three of the nation's biggest banks. In total, this…