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    UN chief warns of COVID-19 debt crisis for developing world

    UN chief warns of COVID-19 debt crisis for developing world

    29 Mar 2021

    United Nations Secretary-General Antonio Guterres said the world faces intense problems of debt sustainability because of the coronavirus crisis that have not been properly understood or addressed, the Financial...

    Lebanon sinking into an abysmal abyss

    Lebanon sinking into an abysmal abyss

    28 Mar 2021

    Lebanon’s plight is not just piteous but shocking, to say the least. The reported wrangling among the politicians has dealt a body blow to the economy, with the currency losing...

    Migrants in Lebanon seek help for mental woes

    Migrants in Lebanon seek help for mental woes

    12 Feb 2021

    Few countries would like to face the conditions Lebanon is facing at the moment. It is a nation virtually under siege, bearing the brunt of economic and, due to the...

    Move to aid Lebanon holds promise

    Move to aid Lebanon holds promise

    03 Dec 2020

    Lebanon’s financial health is worsening. And it is not just because of the coronavirus. Its leaders are reportedly equally responsible for the state of the nation’s economy. Lebanon’s economy faces...

    UAE announces debt exemption worth Dhs869.85m for 1,607 Emiratis

    UAE announces debt exemption worth Dhs869.85m for 1,607 Emiratis

    30 Nov 2020

    The Non-performing debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than Dhs869.85 million. The...

    UK government debt exceeds £2 trillion for first time

    UK government debt exceeds £2 trillion for first time

    21 Aug 2020

    British government debt has exceeded £2.0 trillion for the first time following large state borrowing as the coronavirus pandemic pushed the UK economy deep into recession, official data showed...

    Argentina, global creditors try to restructure $65 billion debt

    Argentina, global creditors try to restructure $65 billion debt

    09 May 2020

    Argentina will keep pushing for talks with global creditors even as a deadline for its $65 billion debt restructuring proposal passed on Friday with little sign it had the...

    Brazil’s national debt jumps to record mark, deficits shoot up

    Brazil’s national debt jumps to record mark, deficits shoot up

    03 May 2020

    Brazilian public sector debt and deficit figures for March released recently gave a glimpse of the fiscal strain to come from the coronavirus crisis, as the national debt surged...

    A decade after debt crisis, Greece on verge of virus recession

    A decade after debt crisis, Greece on verge of virus recession

    02 May 2020

    Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus...

    Dhs6 million donations to settle debts of Dubai inmates

    Dhs6 million donations to settle debts of Dubai inmates

    11 Feb 2020

    Sohaila Ahmed, Staff Reporter More than 11,000 inmates were released by The Correctional and Punitive Establishments at Dubai Police, after their debts were settled by Dubai charitable associations and...

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