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Economy

Sanctions take toll on Iran military funding

Sanctions take toll on Iran military funding

US and GCC sanctions have forced Iran to cut back its funding of regional proxies, which receive support despite Iran's economic woes.

Houthis’ manipulation of currency prices threatens stability in Yemen

Houthis’ manipulation of currency prices threatens stability in Yemen

The militia is allowing currency speculation, pushing Yemen's economy to the brink of collapse in order to serve Iran's political interests, economists say.

Arab banking sector complies with US sanctions

Arab banking sector complies with US sanctions

Regional banks have issued a number of directives that ensure transparency in the fight against terror financing and money laundering.

Yemen’s al-Riyan airport prepares to reopen

Yemen’s al-Riyan airport prepares to reopen

The airport, which was damaged by al-Qaeda and closed for four years, has been rehabilitated and will resume flights 'very soon'.

Iran diverts humanitarian aid to IRGC coffers: experts

Iran diverts humanitarian aid to IRGC coffers: experts

While Iranians affected by last month's devastating floods await assistance, the Iranian regime has been channelling donor money to the IRGC.

New sanctions on Hizbullah part of sustained campaign

New sanctions on Hizbullah part of sustained campaign

The US Treasury has further targeted the global business operations of Hizbullah by designating two individuals and three entities.

Gas shortages in Sanaa as black market thrives

Gas shortages in Sanaa as black market thrives

Fuel is not available for purchase at many gas stations, though it can be found in abundance on the Houthi-run black market, residents say.

Gas rationing hits war-weary Damascus cab drivers

Gas rationing hits war-weary Damascus cab drivers

Long lines at the capital's gas stations are the latest sign of a fuel crisis hitting regime-held parts of Syria, with a new cap set on consumption.

Iran dam construction reduces Iraq water supply

Iran dam construction reduces Iraq water supply

Iran has been constructing dams that restrict the flow of water to Iraq and have deprived Iraqis of critical water resources, experts say.

'Cedre' projects aim to create jobs for Lebanese, Syrian refugees

'Cedre' projects aim to create jobs for Lebanese, Syrian refugees

The nearly 250 projects endorsed by the conference will provide thousands of jobs to Lebanese youth and employ refugees as well.

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