Gulf Times - economic-crisis
Protest-hit Sudan unveils new cabinet to 'solve' economic crisis

Protest-hit Sudan unveils new cabinet to 'solve' economic crisis

Sudan's new prime minister on Wednesday unveiled a 20-member cabinet tasked with solving an economic crisis that has triggered nationwide protests against the decades-old rule of President Omar al-Bashir.

Protests break out in Zimbabwe as economic crisis spirals

Protests break out in Zimbabwe as economic crisis spirals

Protesters barricaded roads and burned tyres in Zimbabwe's capital Harare on Monday, as anger over the worst economic crisis in a decade spilled onto the streets and piled pressure on President Emmerson Mnangagwa.

Zimbabwe president names finance minister to revive economy

Zimbabwe president names finance minister to revive economy

Mthuli Ncube, an Oxford University professor who is a former vice president of the African Development Bank, has the tough task of reviving an economy wrecked under Robert Mugabe.

Lebanon's Hariri gives new cabinet details to president

Lebanon's Hariri gives new cabinet details to president

Key parties have jostled over ministries since a legislative vote in May, as officials and foreign donors warned that a delay would aggravate the country's economic troubles.

Iran's parliament impeaches economy minister Karbasian

Iran's parliament impeaches economy minister Karbasian

Masoud Karbasian lost the vote of confidence, which was carried live on state radio, by 137 votes to 121.

Turkey hikes tariffs on imports of several US products

Turkey hikes tariffs on imports of several US products

The move comes after US President Donald Trump announced that the United States was doubling steel and aluminium tariffs on Turkey.

Turkish lira hammered again as crisis spills into Asian markets

Turkish lira hammered again as crisis spills into Asian markets

With investors already on edge over the China-US trade war, the lira's collapse sparked a sell-off in Europe and New York at the end of last week.

Tunisia's PM seeks to calm anti-austerity protesters

Tunisia's PM seeks to calm anti-austerity protesters

Protests erupted in more than 10 towns across Tunisia against price and tax increases imposed by the government to reduce a ballooning deficit and an economic crisis.

Russia increases World Cup budget by $600mn

Russia increases World Cup budget by $600mn

Russia has increased the budget for the 2018 World Cup by 34.5bn roubles ($600mn), according to a decree published on the government's official site on Tuesday.

Nigerians take to streets to protest economic policy

Nigerians take to streets to protest economic policy

Hundreds of Nigerians took to the streets in Lagos on Monday to protest against the government's handling of the country's economic crisis and demand solutions to a crippling recession.

South African president faces no-confidence vote in parliament

South African president faces no-confidence vote in parliament

Beleaguered South African President Jacob Zuma faced a no-confidence vote in parliament for a second time in less than a year and a legal bid to reinstate corruption charges against him.