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Middle East

Iran's Rouhani says national currency's fall is temporary

A further slump in Iran's rial is "temporary", Iranian President Hassan Rouhani said Tuesday after the currency sank to its lowest value in decades. A US dollar was offered for about 205,000 rials Tuesday, up from 188,200 rials Friday and 198,000 rials early Monday, according to foreign...

Sudanese jobless in Lebanon risk life on Israel border

Cowering in a pipe after fleeing Lebanon, a man desperate for work became the latest Sudanese national to risk his life in a perilous trek across the Israeli border. With Lebanon facing its worst economic crisis in decades, soaring unemployment has sparked a new trend at the country's...

Iran's currency reaches lowest value ever against the dollar

Iran’s currency Monday dropped to its lowest value ever against the dollar and officials warned Iranian exporters to bring their foreign earnings home from abroad. Money exchange shops briefly traded the Iranian rial 200,000 for a dollar and later in the day, the currency was valued at...