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Looming US sanctions shake Syria, hasten economic meltdown

In scenes not witnessed for years in government-controlled parts of Syria, dozens of men and women marched through the streets this week, protesting a sharp increase in prices and collapse of the currency, some even calling for the downfall of President Bashar Assad and his ruling Baath party....

Saudi wealth fund 'shopping spree' belies economic pain

Saudi Arabia's sovereign wealth fund has snapped up around $8 billion worth of stakes in global giants -- from Boeing to Facebook -- in a spree that belies deep and unpopular austerity measures at home. The twin shocks of the novel coronavirus pandemic and a plunge in oil prices have...

Lebanese take to the streets as currency hits a new low

Hundreds of Lebanese poured into the streets to protest the tumbling of the national currency to a new low against the dollar Thursday, blocking roads and highways in several places across the small country that had started slowly opening up after months of coronavirus restrictions. In...