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Iraq arrests 47 officials in anti-corruption sweep as fiscal crisis deepens
The dawn raids swept up MPs and political heavyweights — and came as Iraq runs a USD 5 bn deficit…
Turkey may finally raise rates as FX defenses run thin
JP Morgan now sees Ankara raising interest rates by 300 bps at its upcoming monetary policy committee meeting
Bahrain rolls out BHD 7 bn banking sector relief package
Borrowers will get debt relief for up to three months, whereas banks will have access to government-backed liquidity for up…
Egypt, Jordan, Iraq, and Lebanon are the most vulnerable to war shocks, EBRD warns
Many of these governments have stretched their monetary and fiscal policies thin due to successive crises
Turkey swaps gold for foreign reserves as war raises inflationary pressures on emerging markets
Turkey is turning to gold-for-currency swaps in a bid to rein in the incoming war-induced inflationary wave without resorting to…
Bahrain’s economy is teetering on the edge
Bahrain's fiscal math was already broken before the war. The war made it worse — and the bill is coming…