The head of the IMF’s Middle East and Central Asia department urged the international community to end the conflict in the Middle East and address the humanitarian crisis, especially in Lebanon and the Palestinian territories, where massive destruction has devastated economies. The IMF slightly downgraded economic growth estimates for the region, with Lebanon facing negative growth due to recent conflict with Israel. Countries indirectly affected, like Jordan and Egypt, have also felt the impact, with Egypt experiencing a decline in Suez Canal revenues and Jordan suffering from decreased tourism. The IMF is focused on providing support for immediate concerns and promoting regional cooperation for post-conflict reconstruction efforts.
Full Article
Israel-Hamas Talks Deadlocked as Trump Envoy Turns to Ukraine
The Israel-Hamas negotiations for extending the Gaza cease-fire were stalled as the Trump administration shifted focus to talks with Russia over the Ukraine war. Indirect talks in Doha failed to progress due to disagreements on future steps, with Israel pushing for Gaza demilitarization and Hamas resisting. Meanwhile, concerns persist over the remaining hostages in Gaza and fears of a humanitarian crisis following Israeli restrictions on aid, despite earlier progress in the truce. Full Article
Read more