Hit by sanctions curbing oil sales, Iran’s economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40 billion in two years, the Institute of International Finance said. The economy shrank by 4.6% in the...

(Zaman Al Wasl)- The Syrian pound (Lira) on Monday has hit a historic low against the U.S. dollar to a record low of 1,050 pounds to the dollar. The deteriorating and tragic exchange rate is caused by the Lebanese crisis where about $20 billions are locked up in the Lebanese banks,...

Renault 7201.Y shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the...

When the United States, the European Union and the United Nations imposed sanctions on Syria in the first year of its civil war in 2011, they were intended to financially squeeze the government of Bashar al-Assad. But Lebanon was also caught in the crosshairs, pressured to curb Syria's...