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This week on Marketplace Middle East

September 6, 2012 -- Updated 1046 GMT (1846 HKT)
The Palestinian Authority is experiencing one of the worst financial crisis in its 18 years of existence.
The Palestinian Authority is experiencing one of the worst financial crisis in its 18 years of existence.
STORY HIGHLIGHTS
  • The Palestinian Authority is experiencing one of the worst financial crisis in its history
  • Lebanon's economy is feeling the heat from the violence spilling over the Syrian border
  • MME sits down with Bank Audi's CFO Freddie Baz to get his take on the economic situation

MME is a weekly show focusing on the issues, developments and trends that affect the region's business climate.

(CNN) -- IN FOCUS: Palestinian credit crunch

With debt reaching $1.5 billion, the Palestinian Authority is experiencing one of the worst financial crisis in its 18 years of existence. The effects of credit crunch are now being felt on the street. As MME found out even if salaries are paid in time, it might not be the full amount.

FACETIME: Freddie Baz, Group CFO, Bank Audi

As events in Syria continue to spiral out of control, Lebanon's economy is feeling the heat from the violence spilling over the border. From tourism to trade, Lebanon's economy is bearing the brunt. This week MME sat down with Bank Audi's Group CFO Freddie Baz to get his take on the economic situation in Lebanon.

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