Section
Economy
New investment zones to drive economic growth
Egypt has launched a plan to develop seven major investment zones, aiming to attract $77.5 billion in capital over the next 10 to 20 years,…
Why conventional policy is struggling against global headwinds
Egypt’s inflation remains nearly double the central bank’s target despite slight recent declines, prompting the Central Bank of Egypt to maintain high interest rates to…
Inflation is main concern for families
The latest consumer confidence survey by S&P Global reveals that UK households' sentiment declined to its lowest point since July 2023, driven primarily by rising…
Excessive reliance on indirect taxes pushing up inflation: Speakers
Experts highlighted that Bangladesh’s heavy dependence on indirect taxes, especially VAT which accounts for nearly 80% of tax revenue, is driving inflation and straining household…
Wholesale Prices Jump in April, Signaling Impact of War on US Economy
U.S. wholesale prices rose 1.4 percent in April, marking the largest monthly increase in over four years, driven primarily by higher energy costs linked to…
Price Index Rose in April Amid War
Wholesale prices in the U.S. rose 1.4 percent in April—the largest monthly increase since March 2022—driven by energy costs and supply chain disruptions linked to…
Middle East war poses risks
Pakistan’s economy grew by 3.8% in the first half of fiscal year 2026, driven by stronger industrial activity, fiscal surplus, and improved external buffers despite…
Long war may leave us scarred
Australia's Treasury warns that a prolonged Middle East conflict could push global oil prices to US$200 per barrel by late 2026, causing inflation to surge…
US Consumer Prices Rise Sharply as Iran War Drives Energy Costs Higher
U.S. consumer prices rose 0.6% in April 2026, driven mainly by a 5.4% increase in gasoline costs linked to the conflict involving the U.S., Israel,…
Food security of country ensured through agricultural production continuity: minister
Tehran’s Minister of Agriculture, Gholamreza Nouri, emphasized that nearly 99 percent of Iran’s agricultural production comes from the private sector, highlighting its role in sustaining…
War with Iran drains US economy, hits ordinary citizens hardest
The escalating conflict between the United States and Iran has triggered a sharp rise in gasoline prices and widespread job losses across key U.S. industries,…
War with Iran drains US economy, hits ordinary citizens hardest
Military tensions between the United States and Iran have driven gasoline prices up by more than 50 percent and caused significant job losses in key…
German Inflation Hits Two-Year High Due to Energy Price Shock
Germany's inflation rate climbed to 2.9 percent in April, driven largely by a 10.1 percent surge in energy prices linked to geopolitical tensions in the…
Downturn to bring about ‘new cost of living crisis and 163,000 job losses’
The UK is facing a potential loss of up to 163,000 jobs this year amid a sharp decline in consumer confidence caused by rising living…
Costly Gas Is Stinging Low Earners the Most
The Federal Reserve Bank of New York found that rising gasoline prices, now over $4.50 per gallon, are forcing lower-income U.S. households to cut back…
Pay rises getting harder to come by
Only 50% of New Zealand workers received a pay increase in the past year, with higher rates in industrial, professional services, and technology sectors, while…
'Different world' if fuel crisis worsens: central bank chief
Reserve Bank of Australia Governor Michele Bullock warned that potential fuel shortages amid Middle East tensions could severely disrupt Australia’s economy, leading to slower growth…
Handouts row: Take a hike, says Reserve
The Reserve Bank of Australia has lowered its economic growth forecasts, projecting slower GDP expansion, persistent inflation above target, and further interest rate hikes through…
BoC ‘ready to respond’ to elevated uncertainty, Macklem tells MPs
Bank of Canada Governor Tiff Macklem indicated the central bank may raise interest rates if high energy prices lead to broader inflation, despite keeping the…
US economy feels heat as war on Iran backfires
Ongoing tensions related to the conflict with Iran have disrupted the Strait of Hormuz, causing fertilizer prices to soar by up to 31% and leaving…
‘Direct trade with China, removing UAE from intermediation necessary’
Economic expert Ata Bahrami called for strengthening direct land and rail trade links between Iran and China to bypass U.S. naval blockades and reduce dependence…
‘Oil supply shock with Iran’s control of Strait of Hormuz, depletion of US reserves’
Iran has established control over the Strait of Hormuz, cutting off the flow of up to 20 million barrels of oil per day and triggering…
Iran war: Trump’s most expensive economic mistake for Europe
The conflict involving the United States, Israel, and Iran has caused significant economic disruptions in Europe, notably halving Germany's growth and exacerbating inflation and supply…
Post-war economic growth scenarios, necessity of consolidating Iran’s sovereignty over Strait of Hormuz
Economic expert Hamidreza Jeyhani stated that Iran’s post-war recovery hinges on securing firm control over the Strait of Hormuz and obtaining reparations from aggressor nations…
U.S. Economy Grew 2% Despite Surging Fuel Prices
The U.S. economy grew by 2 percent in the first quarter of 2026 despite rising fuel prices caused by Middle East tensions, supported by strong…
Fuel Prices Force Leaders to Weigh Excruciating Choices
European central banks, including the Bank of England and the European Central Bank, have kept interest rates steady amid rising energy prices driven by Middle…
Inflation Plagues Europe’s Economy Amid Middle East War
Europe’s economy grew by a modest 0.1% in the first quarter of 2026 amid ongoing Middle East conflicts that have disrupted recovery and driven inflation…
Economy has the nation in a funk
A recent Gallup poll reveals that 55% of Americans feel financially worse off than in the past 25 years, with persistent inflation, rising housing and…
Behind Tehran’s calm, Iran faces economic collapse
Tehran’s streets appear normal as cafés reopen and traffic resumes, but Iran’s currency crisis has intensified, driving inflation to levels not seen since World War…
Politburo steps up policy response as Iran war shakes global economy
China’s top leadership announced a comprehensive plan to enhance economic stability and energy security by boosting technological self-reliance and accelerating key infrastructure projects amid disruptions…