Political rivals in Iraq have agreed on the program of the designated Prime Minister Adel Abdul Mahdi. The proposed program focusses heavily on developing the economy and diversifying away from oil. The new government is expected to be in place within two weeks.
In response to the Tunisian Governments plans to freeze public wages as part of the measures it is undertaking to control the budget deficit, the Tunisian General Labor Union (UGTT) has threatened to call for a general strike.
The National Institute of Statistics, a government agency in Tunisia has revealed that the country's export to import rose to 72%. According to the Institute the deficit in trade amounted to at least $2.6 billion.
After the declaration of the election results earlier this month, current Prime-Minister, and PM-designate Sa'ad al-Hariri calls on parties to quickly form a coalition government to shield Lebanon from instability.
Before the May 6 vote, leaders from across the deeply divided political establishment sounded the alarm about the state’s finances and economy. Lebanon is the world’s third-most indebted nation with a debt-to-GDP ratio of more than 150 percent