WarImpact

Syria's Final Air Connections Grounded as Workers Abandon Key Airport

14 days ago

In a severe blow to Syria's already struggling connectivity, the country has lost its last remaining air connections due to the mass departure of workers from its primary airport. The lingering effects of a devastating civil war, which has plagued the nation for over a decade, have led to dwindling operations at Damascus International Airport as more employees flee the building and the ongoing conflict continues to take its toll.

Kazakhstan's Central Bank Makes Dollar Interventions as Economic Pressures Mount

25 days ago

In a decisive move reflecting the growing economic pressures within the nation, Kazakhstan's central bank has initiated interventions in the foreign exchange market, specifically targeting the US dollar. This marks the first time the bank has intervened since the onset of the Ukraine war, signaling heightened concerns about the stability of the tenge, Kazakhstan's national currency. Analysts and market observers are closely monitoring this development, which comes amidst a backdrop of increasing inflation and economic uncertainty.

Israel is Downgraded by Moody’s Again as War Takes Economic Toll

3 months ago

Moody's cut the outlook for Israel's economy for a second time on Tuesday, citing the continuing drag of war on the country's economic wellbeing. The move reflects increasing concerns over how well Israel can manage its national accounts as it fights a conflict that drags on and damps economic activity.