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
Turkey’s ‘peg-legged’ foreign currency reserves Turkey’s central bank appears increasingly fragile, with more than 60% of its reserves secured through swap deals. Turkey
Lebanese banks raise exchange rate to dollars as crisis worsens A member of the government's IMF negotiations team also resigned in opposition to the government's handling of the worst financial crisis in decades. Lebanon
Oman weighs costs of bailout from Gulf neighbors Gulf countries might step up to keep Oman’s public finances afloat, but experts warn strings may be attached. Saudi Arabia
Lebanon protests rage as currency plunges Protesters set fire to tires and waste containers to cut major roads throughout Lebanon. Lebanon
Is Turkey’s wealth fund becoming a crisis shelter? More company rescues could be imminent in Turkey after the sovereign wealth fund acquired the control of a leading mobile phone operator at the expense of further borrowing. Turkey
Lebanon’s central bank to inject dollars as currency crashes The Lebanese pound trades at roughly 6,000 to the US dollar on the black market; Lebanese officials take action to try to get the parallel market under 4,000 to the dollar. Lebanon
Protests erupt across Lebanon as government scrambles to rein in crumbling currency Following the sectarian protests that took place a few days ago, Lebanon's crumbling currency united the Lebanese in a cross-sectarian protests in various Lebanese cities. Lebanon
Syrian government freezes assets of Assad cousin The move to seize the assets of the businessman is the latest in a dispute that began to heat up late last year. Syria
IMF emergency financing for Egypt mitigates coronavirus crunch The International Monetary Fund has approved a nearly $2.8 billion loan for Egypt to address its economy, which has been hit hard by the coronavirus crisis. Egypt
New banking regulations threaten press freedom in Turkey Recent measures seeking to limit damaging information on the financial system pose new threats to press freedom in Turkey. Turkey
Lebanese bank official arrested for alleged currency manipulation Lebanon's central bank denied the allegations; the Lebanese pound's value has decreased significantly amid the ongoing economic crisis. Lebanon
Lebanon to seek IMF assistance to help with economic crisis The prime minister said Lebanon would seek $10 billion in loans from the international financial institution after passing a reform bill. Lebanon
