Lebanese Prime Minister Najib Mikati announced that the UN World Food Programme (WFP) will grant $5.4 billion in aid to Lebanon to help the local population and Syrian refugees.

The international financial rating agency Fitch Rating has announced that it has revised Egypt’s outlook to negative; ‘B+’.

An official at the Jordanian Ministry of Industry, Trade and Supply said that the government has increased subsidized flour allocations to bakeries to keep bread prices unchanged, as a result of the recent rise in production costs for bakeries.

In a press conference held on Wednesday to discuss the economic repercussions of the recent decline of the Egyptian pound, Prime Minister Mustafa Kemal Madbouli announced that the government has decided to put in place a new set of social measures to protect the purchasing power of Egyptians.

In its latest regional report, the International Monetary Fund (IMF) announced that nearly two-thirds of non-oil countries in the Middle East and North Africa are witnessing a “gradual slowdown” while the other oil-exporting countries in the region are benefiting from rising oil prices. However, the institution maintained its growth forecasts of 5% for 2022 and 3.6% for 2023 in the region.