Britain will begin trying to define the new role it wants to play in global politics, the government said on Tuesday, launching a review of foreign policy, defense, security and international aid. Britain technically completed its protracted exit from the European Union on Jan. 31, ending more than four decades ... Read More »
In Lebanon, default is ‘virtually certain’ after stark credit downgrades
Investors holding Lebanese bonds are expecting the worst, as years of financial mismanagement may well push the country to default on its debt for the first time in its history. International Monetary Fund officials have been called in to help find a solution to manage Lebanon’s overwhelming debt — some ... Read More »
Australia spy chief warns of “unprecedented” foreign espionage threat
Australia is under an “unprecedented” threat of foreign espionage and interference, one of the country’s most senior spy chiefs said in a rare speech, citing the case of a “sleeper agent” who spent years building business links. Australian Security Intelligence Organisation (ASIO) Director-General Mike Burgess said several nations were working ... Read More »
Battle against coronavirus turns to Italy; Wall Street falls on pandemic fears
The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new cases reported in Beijing and other cities. While health ... Read More »
North African countries mull ‘curtailing Turkey’s influence in region’
Egyptian intelligence chief, Abbas Kamel, yesterday kicked off a tour around the Arab North African countries, including the eastern region in Libya, led by the rebel general Khalifa Haftar, to discuss “limiting the Turkish role in the region.” Local sources told Al-Araby Al-Jadeed that Kamel’s tour was aiming at discussing ... Read More »
UN: Libyan parties reached draft agreement of permanent ceasefire
Today, the United Nations Support Mission in Libya (UNSMIL) revealed that the two parties to the Joint 5+5 Military Committee will present a draft permanent ceasefire agreement to Fayez Al-Sarraj, head of the internationally recognized Government of National Accord, and retired Field Marshal Khalifa Haftar, noting that a new meeting ... Read More »
Iran elections: Hardliners win every seat in Tehran as they sweep to crushing victory
Hardliners have won a crushing victory in Iran’s parliamentary elections, taking every single seat in the political powerbase of Tehran and leading in regions across the country. One unofficial tally forecasts that the nationalists and religious conservatives have won 178 of the 290 seats in the chamber with the liberals’ ... Read More »
Coronavirus may be ‘Disease X,’ World Health Organization expert warns
The deadly coronavirus is looking a lot like the theoretical “Disease X” that officials have long warned could spark a dangerous pandemic, a World Health Organization expert said. Marion Koopmans, a member of WHO’s emergency committee, said the virus is the first to meet the criteria of the so-called “Disease ... Read More »
IMF Asks Lebanon to Peg Dollar at LBP 1,750 or 2,000
An International Monetary Fund delegation wraps up Sunday a three-day visit to Lebanon during which it met with senior political and financial officials. “The delegation stressed that the starting point for the solutions should be reforms, topped by the electricity file,” media reports said. “The delegation also asked Lebanese officials ... Read More »
IMF extends visit to crisis-hit Lebanon: sources
The International Monetary Fund (IMF) will continue meetings with Lebanese authorities on Monday, sources familiar with the process said, extending a visit to provide technical advice that was expected to end on Sunday. The IMF began meetings with Lebanese authorities on Feb. 20 to provide broad technical advice on how ... Read More »