CAIRO－By hiking interest rates four times in a row this year, the US Federal Reserve halted its ultraloose monetary policy that had been in place for years, forcing countries in the Middle East to struggle for financial resilience in the face of various domestic and international challenges.
He added that transportation and shipping expenses rose significantly and meeting basic demands for Syrians had become more expensive than ever after the imposition of sanctions.
U S financial hegemony adds economic woes to Mideast countries amid serious inflation--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.