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Iraq crisis deepens after PM-designate steps down

Protest-torn Iraq on Monday faced more political gridlock after prime minister-designate Mohammed Allawi withdrew overnight, accusing lawmakers of obstructing his attempt to form a government. Oil-rich but poverty-stricken Iraq has for five months been rocked by the biggest wave of...

Lebanon prosecutor grills bankers over capital flight

A Lebanese prosecutor Monday grilled bankers over more than 2 billion dollars in capital flight in past months despite strict banking restrictions in the crisis-hit country, judicial sources said. Banks have since September imposed increasingly tight limits on dollar withdrawals and...