Economy

Top-level political backing for the Kingdom's latest support for its ally adds to hope that more is to come after a top-level signing ceremony this month

Both countries have suffered massive economic blows. But Lebanon's economy was already on its knees before the war, making recovery and reconstruction all the more difficult.

The dragging of the country's former central bank governor through the courts on embezzlement charges may be linked to the monitoring by a key finance body charged with combating money laundering.

Tourism and retail usually see major spikes globally, but businesses need to be prepared to capitalise on the surge in consumerism. Al Majalla also examines the unique dynamics of MENA/GCC summers.

Politically motivated cries of outrage over interest charges have reverberated around the country, but official data reveal a sober picture in a country that needs lending to diversify its economy.

Investors in the digital alternative to traditional money continue to trust Bitcoin and its rivals a leading way to decentralise finance

A ballooning budget, a widening deficit, rising inflation, a falling currency, and a ratings agency downgrade have given some cause for concern, yet the fundamentals remain sturdy.

The president's efforts to tame rampant inflation have only scratched the surface of its economic problems, which require deeper and more sustainable reform. So far, that appears unattainable.

There were dire predictions over the impact of sanctions and yet growth has increased, thanks to military spending. But there are deeper doubts over whether it can last and what lies ahead.

The state's refusal to engage with bondholders risks keeping Lebanon out of the funding markets, draining its remaining reserves as creditors seek redress