INTERNATIONAL. The second government shake-up in just five months rocked a country already battered by a jobless rate of more than 10%, high taxes and a budget deficit that stubbornly refuses to come down to the EU ceiling of 3% of GDP.
INTERNATIONAL. Is it time to stop thinking about stabilizing Syria and Iraq and start thinking of a new dynamic outside of the artificial states that no longer function? To do this, we need to go back to Lebanon, the first state that disintegrated and the first place where clans took control of their own destiny.
UAE. Dubai World, the state-owned company at the center of the emirate's 2009 financial crisis, reached a deal with its main creditors to extend the repayment of US$10.3 billion of debt, according to people with knowledge of the matter.