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Iraq sentences power distribution executive to seven years over illicit gains
It’s the latest conviction in a corruption campaign that has detained more than 210 suspects, including officials and legislators
Widest protests since Assad’s fall put Syrian government fuel price hike on trial
Damascus is trying to close a USD 1 bn budget hole, and is reaching for Saudi tech players to help…
Lebanon’s PCH eyes USD 100 mn to restart subsidized mortgages at rates below Gulf-funded lender
Public Corporation for Housing stopped taking applications in 2019
Kuwait bans cash payments for real estate, gold, and precious stones transactions
PLUS: Syria restarts two natural gas wells in Deir Azzor
Kuwait looks to Future Generations Fund for liquidity amid war headwinds
The government passed a decree that allows it to borrow from the Future Generations Fund, an arm of the Kuwait…
Iraq targets industrial fuel subsidies as Baghdad braves 2026 without a budget
Households are spared and industry pays the market rate, but the implementing instructions have not been published, and the pricing…
Kuwait creates specialized commercial courts to speed disputes and reassure investors
The legislation goes beyond creating another court and instead addresses the “economic cost of delay”
IMF calls Lebanon’s amended bank resolution law a “major step” as the World Bank pencils in a 6.4% contraction
Implementation risk and the yet-to-be-passed law regulating depositors’ refunds could still derail the possibility of a rescue package
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