Iran war a concern for senior central bank officials; Stagflation looming over world

TEHRAN- In a report aggregating the concerns of central bank policymakers worldwide about the Iran war, CNBC wrote on Saturday: If the war drags on, rising inflation will likely lead to stagflation, and that is bad news for the world.

IMF downgrades global growth outlook as Iran war hits prices

TEHRAN- The IMF cut its growth outlook due to West Asia war-driven energy price spikes, but said the world was already drifting toward a more adverse scenario, Reuters reported on Tuesday.

Global economic bodies unite to assess US-Israeli war with Iran fallout on energy, food

TEHRAN- After the US and Israel attacked on February 28, Iran effectively closed the Strait of Hormuz, sending the price of crude oil and liquefied natural gas sharply higher.

By Sondoss Al Asaad 

The IMF trap: Balancing Lebanon’s budget on the backs of the poor

BEIRUT — On Monday, the Lebanese government approved a rise in the value-added tax (VAT) from 11% to 12% and imposed an additional 320,000 Lebanese lira levy on every gasoline canister.