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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…
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DOI: 10.1108/OXAN-DB250434
ISSN: 2633-304X
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It highlighted how the severe, three-year crisis has been deepened by “a failure to take much needed policy action” and “resistance from vested interests to reforms”. It also…
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DOI: 10.1108/OXAN-DB280185
ISSN: 2633-304X
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As low-level cross-border exchanges of fire continue, multiple foreign embassies have withdrawn staff or dependents and advised citizens to leave Lebanon.
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DOI: 10.1108/OXAN-DB282780
ISSN: 2633-304X
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The central bank has struggled to address a deep financial crisis that, exacerbated by COVID-19, has impoverished a whole population. In addition to complex exchange controls, it…
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DOI: 10.1108/OXAN-DB259381
ISSN: 2633-304X
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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…
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…
This depreciation reflects the underlying weakness of the government’s financial position. Political and territorial advances in favour of President Bashar al-Assad -- most…
The leading theory suggests an accidental cause. The blast has caused massive devastation and put extreme pressure on struggling healthcare facilities. Lebanon was already facing…
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DOI: 10.1108/OXAN-DB254373
ISSN: 2633-304X
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Hezbollah has been trading limited attacks with the Israeli military since October. However, Israel is warning that, without a negotiated deal to remove Hezbollah forces from its…
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DOI: 10.1108/OXAN-DB284952
ISSN: 2633-304X
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The conflict will damage the economic prospects of Israel, Egypt and Jordan, even without a major regional escalation. The Gulf Arab states, Iraq and Algeria will benefit from the…