Lebanon on Tuesday took another step to try and deal with a massive debt that stands at more than $87 billion or more than 150% of the GDP. Manal Abdul Samad, the information minister, said the government has agreed to appoint Cleary Gottlieb Steen & Hamilton LLP as a legal ... Read More »
Saudi Arabia’s Capital Market Authority (CMA) has given companies listed on the country’s stock exchange, known as Tadawul, until the end of March to disclose its annual reports for 2019. Local media recently reported that Saudi Aramco – world’s largest oil producer – was yet to announce its business and ... Read More »
Former Egyptian president Hosni Mubarak, who reigned over Egypt for 30 years before he was ousted in the Arab Spring uprisings, died on Tuesday, state television reported. He had been taken to an intensive care unit the day before, according to reports, following complications from a previous surgery. He was 91. Mubarak, who ... Read More »
Britain will begin trying to define the new role it wants to play in global politics, the government said on Tuesday, launching a review of foreign policy, defense, security and international aid. Britain technically completed its protracted exit from the European Union on Jan. 31, ending more than four decades ... Read More »
Investors holding Lebanese bonds are expecting the worst, as years of financial mismanagement may well push the country to default on its debt for the first time in its history. International Monetary Fund officials have been called in to help find a solution to manage Lebanon’s overwhelming debt — some ... Read More »
Australia is under an “unprecedented” threat of foreign espionage and interference, one of the country’s most senior spy chiefs said in a rare speech, citing the case of a “sleeper agent” who spent years building business links. Australian Security Intelligence Organisation (ASIO) Director-General Mike Burgess said several nations were working ... Read More »
The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. While health ... Read More »
Egyptian intelligence chief, Abbas Kamel, yesterday kicked off a tour around the Arab North African countries, including the eastern region in Libya, led by the rebel general Khalifa Haftar, to discuss “limiting the Turkish role in the region.” Local sources told Al-Araby Al-Jadeed that Kamel’s tour was aiming at discussing ... Read More »
Today, the United Nations Support Mission in Libya (UNSMIL) revealed that the two parties to the Joint 5+5 Military Committee will present a draft permanent ceasefire agreement to Fayez Al-Sarraj, head of the internationally recognized Government of National Accord, and retired Field Marshal Khalifa Haftar, noting that a new meeting ... Read More »
Hardliners have won a crushing victory in Iran’s parliamentary elections, taking every single seat in the political powerbase of Tehran and leading in regions across the country. One unofficial tally forecasts that the nationalists and religious conservatives have won 178 of the 290 seats in the chamber with the liberals’ ... Read More »
Lebanese Ministry of Information