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The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine. The country experienced liquidity shortages in the years ...
Lebanon is one of the only seven countries in the world in which the value of the stock market increased in 2008. [48] The Lebanese economy experienced continued resilience, growing 8.5 percent in 2008, 7 percent in 2009 and 8.8% in 2010. However, Lebanon's debt to GDP ratio remained one of the highest in the world.
The Israel–Hamas war has significant economic implications. The number of Palestinians living in poverty has surged dramatically, with an additional 300,000 people falling into poverty by November 2023. The war caused a severe economic downturn, with employment in the Gaza Strip plummeting by 61% and the West Bank by 24% between October and ...
As billionaire hedge fund managers flock to the Middle East, a key official says watch out for Abu Dhabi as a financial hub in the next 2 to 3 years Eleanor Pringle November 28, 2023 at 11:12 AM
Gold prices were just shy of a record peak and oil prices levelled off on Tuesday after a surge over the past week, as investors sought safety amid geopolitical risks and looked ahead to Nvidia ...
In 2009 Egypt was the biggest recipient of remittances in the Middle East; an estimated US$7.8 bn was received in 2009, representing approximately 5% of national GDP, with a decline of 10% from 2008, due mostly to the effect of the financial crisis.
Another common issue that the region has addressed in economic and policy reforms is the integration of the Middle East into the global economy. Reports of economic reform in the Middle East in the early 2000s called for massive reforms to improve the Middle East's global financial integration as it stood below most developed regions.
Since the financial crisis of 2007–2008, there has been a large increase in corporate debt, rising from 84% of gross world product in 2009 to 92% in 2019, or about $72 trillion. [ 27 ] [ 28 ] In the world's eight largest economies—China, United States, Japan, United Kingdom, France, Spain, Italy, and Germany—total corporate debt was about ...