The Syrian government insists that each Syrian national entering Syria must exchange US$100 for Syrian pounds at the official rate. The policy was put in place in July, ostensibly to help the government replete its foreign currency reserves amid an unprecedented economic crisis. But in...

An estimated 14.6 million new internal displacements have been recorded across 127 countries and territories in first half of 2020, the Internal Displacement Monitoring Centre (IDMC) said Wednesday. “The staggering figures recorded in the first six months of the year are testament to the...

Two oil-rich Arab Gulf states suffered severe economic blows Wednesday, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to a level last seen in 2009. The agency, Moody’s Investors Service, cut Kuwait’s...

Johnson & Johnson is beginning a huge final study to try to prove if a single-dose COVID-19 vaccine can protect against the virus. The study starting Wednesday will be one of the world's largest coronavirus vaccine studies so far, testing the shot in 60,000 volunteers in the U.S., South...