UN: $5.4 billion food aid for Lebanon

Lebanese Prime Minister Najib Mikati announced that the UN World Food Programme (WFP) will grant $5.4 billion in aid to Lebanon to help the local population and Syrian refugees.

IMF: Nearly two-thirds of Middle East and North African countries are witnessing a “gradual slowdown” in their economies

In its latest regional report, the International Monetary Fund (IMF) announced that nearly two-thirds of non-oil countries in the Middle East and North Africa are witnessing a “gradual slowdown” while the other oil-exporting countries in the region are benefiting from rising oil prices. However, the institution maintained its growth forecasts of 5% for 2022 and 3.6% for 2023 in the region.