The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.
Category: Middle East
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Investors Brace for Oil Market Fallout From Israel and Iran’s Fight
Energy prices have jumped since the onset of clashes between Israel and Iran. Investors worry the conflict could have a big economic consequences.
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A Lebanese Woman Fights for Women’s Rights in the Middle East
Lina Abou-Habib is fighting inequality, working to change laws that make it difficult for women to keep custody of their children and block residency for children in a mother’s home country.
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OpenAI Courts Trump With Vision for ‘A.I. in America’
The maker of ChatGPT hopes to spur investment from the Middle East and avoid strict regulations on the development of new technologies.
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Fears of a Global Oil Shock if the Mideast Crisis Intensifies
The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
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What an Escalating Middle East Conflict Could Mean for the Global Economy
The biggest risk is a sustained increase in oil prices.
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U.S. Faces Economic Turbulence Just as Recession Fears Eased
War in the Middle East, the port workers strike and a devastating hurricane have injected uncertainty into the U.S. economy.
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Iran-Israel Fighting May Cause Oil Prices to Jump, Analysts Warn
An escalation of fighting between Israel and Iran could cause oil prices to spike and send a chill through the global economy.
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Why Oil Prices Remain Subdued
Despite war in the Middle East and political turmoil in Libya, investors are focusing on what look like ample global supplies.
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Blinken’s Visit to China: What to Know
Secretary of State Antony J. Blinken is in China this week as tensions have risen over trade, security, Russia’s war on Ukraine and the Middle East crisis.
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Markets Brace for Israel’s Next Move
Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.