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Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
Middle Eastern crisis Part of the Israeli-Palestinian conflict, the Israel-Lebanon conflict, the Iran–Israel proxy conflict, the Arab–Israeli conflict, and the spillover of the Israel–Hamas war Date 7 October 2023 – present (1 year, 2 months and 2 weeks) Location Middle East Status Ongoing Belligerents Palestinian groups Hamas Palestinian Islamic Jihad Popular Front for the Liberation ...
The 2023–2024 Egyptian financial crisis is an ongoing economic crisis that hit Egypt beginning in 2023 that led to the Egyptian government and the Central Bank of Egypt devaluing the Egyptian pound.
As billionaire hedge fund managers flock to the Middle East, a key official says watch out for Abu Dhabi as a financial hub in the next 2 to 3 years Eleanor Pringle November 28, 2023 at 11:12 AM
Middle East crisis tests limits of China's diplomatic push. James Pomfret, Joe Cash and Chen Lin. October 10, 2023 at 2:17 AM. By James Pomfret, Joe Cash and Chen Lin.
Another common issue that the region has addressed in economic and policy reforms is the integration of the Middle East into the global economy. Reports of economic reform in the Middle East in the early 2000s called for massive reforms to improve the Middle East's global financial integration as it stood below most developed regions.
Their debt crisis ultimately led to a transition in the economic growth model of the Middle East. From the 1970s onwards, the crisis of these models led to a transition to a neoliberal paradigm. In some states, such as Egypt, early forms and policies of neoliberalism were enacted in 1974 with the Infitah program.
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.