Abu Dhabi Ports signs declaration to keep east-west trade open

In an effort to collaborate and keep trade flows open during the ongoing COVID-19 crisis, Abu Dhabi Ports has joined 19 of...

Commission approves €7B Air France state aid

The European Commission on Monday cleared the French government's €7 billion rescue package for Air France, an effort to keep the company afloat during...
An anti-government protestor shouting slogan on her car and waving the Lebanese flag to protosto the Lebanese government's Economic rescue plan

Crisis-hit Lebanon to approve economic rescue plan

The Lebanese government met Thursday to approve a long-awaited plan to rescue the debt-saddled economy from its worst crisis in decades, following...

Egypt asks IMF for 1-year loan amid virus fallout

Egypt on Sunday said it had asked the International Monitory Fund for financial assistance to deal with the economic fallout caused by...

Hassan Diab blames currency crash on Central Bank governor

Lebanon’s prime minister said Friday he is holding the country’s Central Bank governor responsible for the downward spiral of the national currency,...

Argentina Faces Critical Decision With $500 Million Payment Due

Argentina is facing a day of reckoning as it stares down $500 million in interest payments while it seeks to renegotiate terms...

IMF chief to UK: Don’t make life ‘tougher’ by sticking to Brexit deadline

The U.K. would be "wise" not to add to current economic uncertainty by ruling out an extension to Brexit trade talks, the...

Global economy to drop 3% in 2020, add 5.8% in 2021 — IMF

The global economy will decline by 3% in 2020 but will show growth by 5.8% in the next year, the International Monetary...

Another 6.6 MILLION Americans out of work as unemployment numbers hit almost 17M

The Labor Department report released on Thursday shows nearly 10 percent of the U.S. labor force is now out of work since...

IATA warns 25 million jobs at risk as air travel demand plunges

The International Air Transport Association said 25 million jobs are at risk worldwide as air travel demand collapses due to the coronavirus...

IMO urges travel ban exemption for seafarers

The International Maritime Organization (IMO) has echoed earlier calls by shipping industry bodies for governments to recognise seafarers and marine personnel as...

Worst Case Scenario Could Bring About USD 23 Bn Loss for Carriers

Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for...

Kremlin spokesman calls for getting prepared for global economic crisis

Coordination of anti-crisis measures by many states will be needed to overcome an economic crisis provoked by the coronavirus pandemic among other...
UN flag

West opposes Russia’s proposal in UN General Assembly to reject sanctions

The refusal of a number of western countries to pass the proposals on easing unilateral sanctions will make it more difficult to...

Next EU budget should be ‘Marshall Plan’ for Europe: EU’s von der Leyen

The next EU budget should take the form of a new “Marshall Plan” to stoke Europe’s recovery from the coronavirus crisis, European...