Constitutional Council annuls three articles of Lebanon’s amended Bank Recovery Law
The annulment sends the law back to the Parliament, putting a dent at Lebanon’s hopes of a streamlined IMF package
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The annulment sends the law back to the Parliament, putting a dent at Lebanon’s hopes of a streamlined IMF package
Oil exporters take the hit from the Hormuz closure, oil importers hold up on remittances and tourism, and Egypt gets…
The longer the standoff runs, the more the losses keep landing on depositors and taxpayers while the banks clean up…
A full IMFpackage hinges on parliament passing the financial gap law, but there’s no vote scheduled yet
PLUS: UAE lobbies to come off travel warning lists as Dubai tourism posts its sharpest rebound since the Iran war
The IMF sees growth hitting double digits this year and the World Bank is rewarding Damascus’ reforms with bigger grants
Egypt emerged as a bright spot in the region with 4.6% expected growth this year
Plus: No summer salvation for Lebanon
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