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Mideast economy set for worst slump in decades: IMF

The Middle East and North Africa economy will contract by 3.3 percent this year, the biggest slump in four decades, hammered by the coronavirus and low oil prices, the IMF said Tuesday. In its World Economic Outlook, the International Monetary Fund said the damage would be much worse than...

Turkey sees opportunity in virus crisis to bolster influence

Turkey is pushing its credentials as a major humanitarian power in the middle of the coronavirus pandemic by sending medical equipment to Italy and Spain, detection kits for Palestinians and even medicines to Armenia. Turkey is hard hit itself by the virus outbreak which has killed nearly...