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Middle East

IMF calls for 'action' in virus-hit MENA region

The IMF Monday urged Middle East and North African countries to accelerate reforms and diversification efforts as the energy-rich region faces unprecedented challenges due to the coronavirus and low oil prices. In its latest regional economic outlook report, the International Monetary Fund...

UN arms embargo ends against Iran

An arms embargo imposed since 2007 by the UN Security Council (UNSC) ended Sunday, according to Iran’s foreign ministry. All restrictions on the transfer of arms, related activities and financial services to and from Iran, and all prohibitions regarding the entry into or transit through...