Mubadala investments soar by 33% as UAE deepens AI ties with US Mubadala made 119 billion Emirati dirhams ($32.4 billion) worth of investments in 2024, up 33.7% from the previous year, according to a Thursday statement from the UAE fund. United Arab Emirates
Lebanon secures initial World Bank approval for $400M loan Lebanon is seeking international support to cover an estimated $11 billion in reconstruction costs, as its government navigates ongoing political and security challenges. Lebanon
IMF appoints first Syria mission head in 14 years: What to know Syria's new government faces the task of revitalizing an economy that has been devastated by 14 years of war and ravaged by international sanctions. Syria
First Syria delegation under Sharaa visits US, will attend IMF meetings: What to know Syria's new government faces the daunting task of rebuilding an economy shattered by war and burdened with debt, ongoing sanctions and reconstruction costs. Syria
Israel’s first digital bank now rolling Israel’s first digital bank wants to create a revolution in the banking sectors, much like Spotify revolutionized the music industry and Tesla the vehicle market. Israel
Turkish markets rattled after surprise firing of central bank head Turkey’s lira and main stock index slid about 9% Monday as markets reacted to the surprise removal of the nation’s central bank chief amid broader political turmoil. Turkey
Turkish Central Bank holds interest rate steady As forecasted, Turkey’s Central Bank policymakers held a key interest rate steady Thursday, saying they would continue working to reel in the nation’s double-digit inflation. Turkey
Cash-strapped Turkey relies on Qatari investments In only five years, Qatar has come to account for 15% of all foreign direct investments in Turkey, second only to deep-rooted Dutch investors. Turkey
International financial alliance forms to help Iraq Several countries are forming an economic alliance to help Iraq in its financial crisis. Iraq
Iran desperate to maintain Iraqi financial lifeline Iran seeks to maintain the flow of hard currency from Iraq to help it overcome the US sanctions. Iraq
Egyptians turn to Bitcoin amid coronavirus crisis Soaring prices of cryptocurrencies, most notably Bitcoin, are tempting many unemployed Egyptians seeking to achieve quick gains, amid fears of Bitcoin being exploited to finance terrorism or illegal trade. Egypt
Tehran Stock Exchange: The end of an illusion Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in times of market growth. Iran
Lebanon-IMF talks make little progress despite bank collapse The Lebanese ruling elite is still bargaining over the economic reforms required by the International Monetary Fund, while the country’s economic situation continues to go downhill. Lebanon
Lebanon's central bank to take over banks that cannot boost capital The central bank is giving Lebanese banks until February to increase their capital by 20% or give their shares to the government amid fears that people's deposits are at risk. Lebanon
IMF calls for Lebanon reforms, explores ways to assist Beirut The International Monetary Fund, which began talks with Lebanon in May, called for critical economic reforms in the aftermath of the Beirut blast. Lebanon
