Economy and trade

Lebanon’s economic crisis is decimating its middle class

The middle class in cash-strapped Lebanon is having a hard time making ends meet as salaries have been slashed and banks are imposing informal capital control, all compounded by the coronavirus-induced lockdown measures.

Michal Kranz | Economy and trade | mai 25, 2020
al-monitor People work on plants on a rooftop of a building, as many Lebanese turn to grow vegetables and fruits at home as the coronavirus pandemic hammers the collapsing economy and food costs soar to new heights, Beirut, Lebanon, May 17, 2020. Photo by REUTERS/Mohamed Azakir.

Report: Etihad Airways faces debt restructuring or possible legal action

The owners of the Emirati airline's debt submitted a restructuring proposal and are waiting to hear back.

Al-Monitor Staff | Economy and trade | mai 22, 2020

COVID-19 ravages Turkey’s vital clothing, textile industry

Turkey’s clothing and textile sector, a vital source of employment and revenues, has become the worst-hit industrial branch in the coronavirus crisis, taking both domestic and external blows.

Mustafa Sonmez | Economy and trade | mai 20, 2020

Syrian government freezes assets of Assad cousin

The move to seize the assets of the businessman is the latest in a dispute that began to heat up late last year.

Al-Monitor Staff | Banking and Finance | mai 19, 2020

New banking regulations threaten press freedom in Turkey

Recent measures seeking to limit damaging information on the financial system pose new threats to press freedom in Turkey.

Diego Cupolo | Press freedom | mai 19, 2020