Lebanon’s banks are poised for a major shake-out as a planned restructuring of government debt is set to leave many financial players illiquid, say bankers. Banks are the largest creditors of the government, which is set to default after saying it would stop paying its foreign currency...

Stock markets in energy-rich Gulf states tumbled Thursday with Saudi shares down more than 4.0 percent following worldwide losses amid fears over the coronavirus pandemic and an oil price war. Dubai Financial Market dived more than 7.0 percent at the open on the last trading day of the...

Iraqi and United Nations officials scrambled Thursday to contain the fallout from an unprecedented rocket attack that killed three US-led coalition members and threatened yet another escalation of Iran-US tensions. Within hours of the attack on the Taji air base north of Baghdad -- the...

Iran said on Thursday that it has sought immediate financial assistance from the International Monetary Fund to help it combat one of the world's deadliest coronavirus outbreaks. According to a tweet by Iran's top diplomat, IMF chief Kristina Georgieva had "stated that countries affected by...