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Assad cuts tax for low-income workers: presidency

Syria's President Bashar al-Assad moved Wednesday to exempt more low-wage earners from income tax, his office said, as the economy buckles under the weight of US sanctions and nearly a decade of war. The legislative decree, the first such amendment in years, widens the tranche of low-income...

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...