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35 articles
Amid escalating fighting between Yemen's government and the Houthis, millions of Yemenis are grappling with a worsening economic crisis off the battlefield: unpaid or irregular wages, soaring prices, and a fragmented banking system. From Aden's markets to displaced families in Marib and unpaid civil servants in Sanaa, households are cutting essentials, buying on credit and falling into debt to survive.
Iraq has devalued the dinar again, reversing earlier efforts to strengthen the currency as a yawning budget deficit and plunging oil revenue strain public finances. Dozens of lawmakers opposed the move, saying it was made without consulting parliament and will drive up living costs for ordinary Iraqis.
Iran's government has rolled out a new economic package to ease the financial burden on citizens as US sanctions and a naval blockade squeeze trade and drive up prices. President Masoud Pezeshkian has ordered a coordination committee to stabilize prices, but economists say the response may be too late.
An Al Jazeera survey finds food prices in Tunisia have soared compared with 2010, while the currency has lost nearly half its value, pushing citizens into a prolonged cost-of-living crisis. The Arab Spring uprising of 2010 promised change, but many Tunisians say the economic situation has worsened dramatically since then.
Five years after President Kais Saied took absolute power, Tunisia is facing old grievances: a struggling economy, water and power cuts, and a shrinking space for dissent. The slogans of the 2011 revolution—'jobs, freedom, and national dignity'—are being chanted again.
Bolivian President Rodrigo Paz fired Economy Minister Jose Gabriel Espinoza on August 8, days after Congress voted to censure him. The dismissal is seen as a concession to public anger over a severe cost-of-living crisis and ongoing political instability.
Hundreds of demonstrators in Tunis on Thursday called for President Kais Saied's ouster and a return to democracy, as Tunisia's economic crisis worsens. Protests have now occurred for a second consecutive month, with demonstrators demanding the release of detained opposition figures and activists. The country faces rising inflation, shortages, and widespread public discontent over basic services and living conditions.
Venezuela's government and a section of the opposition held their first talks in years, aiming to discuss reforms amid a severe economic crisis. Observers remain skeptical about the potential for real progress, while citizens demand immediate wage increases and political change.
Cuba has held a series of events to mark the 100th anniversary of the birth of the late President Fidel Castro, amid a severe economic crisis exacerbated by U.S. sanctions. The commemorations included an international book fair, art exhibitions, concerts, and meetings of leftist delegates from across the Americas.
