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Middle East

Iraq faces financial calamity after crude crash

Between plummeting oil prices, political deadlock and reduced global appetite for a bail-out, Iraq is on the cusp of financial calamity that could force austerity measures and renew anti-government protests. But officials appear remarkably optimistic, a view experts described as being "in...

Erdogan sees opportunities if Turkey contains coronavirus

President Tayyip Erdogan said on Wednesday the coronavirus was hitting Turkey just as it was recovering from a 2018 lira crisis but that there would be big opportunities if it could bring the outbreak under control in the coming weeks. Turkey confirmed its first death related to the...

Iran defends response as virus deaths surpass 1,000

Iran said its novel coronavirus death toll surpassed 1,000 on Wednesday as President Hassan Rouhani defended the response of his administration, which has yet to impose a lockdown. The COVID-19 outbreak in sanctions-hit Iran is one of the deadliest outside China, where the disease...