#economy
79 articles with this tag
EconomyNatixis CIB Targets Double-Digit Expansion in Middle East and Asia Amid Regional Uncertainty
French lender Natixis CIB projects double-digit growth in its Middle East and Asia operations this year and next, continuing its expansion despite regional economic challenges and the Iran war.
EconomySoaring Living Costs and Economic Crisis Grips Yemen Across Divided Regions
Years of conflict and a divided banking system have plunged Yemenis in Aden, Marib, and Sanaa into a severe economic crisis, leaving millions struggling with soaring living costs and unpaid salaries.
EconomyMillions of Pakistanis Receive Government Fuel Subsidies, but Gaps Remain
Pakistan has rolled out a fuel relief scheme to help lower-income citizens cope with surging petrol prices, though critics note that public transport users and certain vehicle owners are excluded.
EconomyWorld Bank Cuts 2026 Middle East Economic Forecast by 2.1% Due to Ongoing Iran War
The World Bank has downgraded its 2026 economic forecast for the Middle East, projecting a 2.1 per cent GDP contraction driven by energy supply constraints from the ongoing Iran war.
EconomyUAE and Saudi Arabia Non-Oil Sectors Power Through Regional Conflict with Robust Growth
The non-oil private sectors in the UAE and Saudi Arabia continued their strong expansion in September, successfully overcoming the economic impacts of the regional conflict.
PoliticsTrump Launches High-Stakes Midterm Campaign Tour Amid Sliding Poll Numbers
US President Donald Trump has launched a 32-day midterm campaign tour across the United States to rally support for Republican candidates amid historically low approval ratings.
EconomyIMF to Review Potential Amendments to Lebanon's Bank Resolution Law
The International Monetary Fund will review any potential changes to Lebanon's bank resolution law to ensure compliance with international standards after the legislation was referred to the Constitutional Council.
EconomyUnicef Warns That One in Five Lebanese Households Face Hunger Amid Deepening Crisis
Unicef reports that children in one in five Lebanese households are going to bed hungry as conflict worsens an already severe economic crisis, leaving thousands out of school and facing psychological distress.
EconomyUS Consumer Confidence Drops to Lowest Level Since 2014 Amid Rising Prices Ahead of Midterm Elections
US consumer confidence has fallen to its lowest level since 2014 as rising prices for goods and services weigh on sentiment ahead of the congressional midterm elections.
EconomyCatastrophic Floods Devastate Nepal's Peak Tourism Season, Leaving Local Businesses Struggling
Catastrophic floods in Nepal have severely impacted the country's crucial tourism sector, leading to widespread cancellations and leaving local business owners struggling as the peak season begins.
EconomyIraq's Economy Strained as Regional War Cuts Oil Revenues and Drives Up Prices
The ongoing US-Israeli war on Iran has severely disrupted Iraq's oil exports and supply chains, causing a multi-billion dollar revenue loss and placing immense pressure on the Iraqi dinar and local economy.
EconomyIraqi Prime Minister Ali Al Zaidi Appeals to UN for Global Investment and Economic Reform
Prime Minister Ali Al Zaidi addressed the UN General Assembly to pitch his economic plans, anti-corruption campaign, and vision for regional cooperation, calling on the global community to invest in Iraq.
EconomyAbu Dhabi Extends Office-Free Period for Entrepreneurs to Lower Business Costs
Abu Dhabi has extended its Tajer licensing programme to allow entrepreneurs to operate without an office for an extra year, cutting startup costs and boosting the non-oil economy.
EconomySyria Tourism Surges as International Arrivals More Than Double in 2026
Syria's tourism sector experienced a massive recovery in early 2026, with international arrivals surging and visitor numbers more than doubling compared to the previous year.
HealthInside Senegal’s Healthcare Crisis: A Mother’s Agonizing Labor Amid Strikes and Systemic Strain
Awa Diba’s grueling 24-hour labor in a Dakar hospital on the eve of a nationwide medical strike highlights the deep systemic challenges facing Senegal’s healthcare system.
EconomyManchester Set to Replace London as Host for Prestigious Global Investment Summit
Manchester is heavily favored to host the spring 2027 Global Investment Summit instead of London, aligning with Prime Minister Andy Burnham's push to decentralize economic power to northern England.
EconomyWartime Desperation Fuels Deadly Gold Mine Collapses Amid Sudan's Economic Crisis
A tragic gold mine collapse in northern Sudan has killed at least 10 people, highlighting the severe safety risks and desperation driving workers into unregulated mining amid the country's ongoing economic crisis.
EconomyInside Nigeria's Refining Boom: Why Domestic Production Has Failed to Lower Fuel Prices
Despite the historic launch of the Dangote Petroleum Refinery and a sharp drop in fuel imports, Nigeria continues to grapple with high fuel prices and a cost-of-living crisis driven by market concentration and subsidy removal.
EconomyIran Implements Sweeping Remote Work and Energy-Saving Measures Amid Severe Economic Crisis
Iran has introduced remote work mandates, free public transport, and fuel price hikes as part of desperate energy-saving measures amid a severe economic crisis and US naval blockade.
EconomyInside Aliko Dangote's Mega Refinery: Transforming Nigeria's Energy Future and Empowering Africa
Nigerian billionaire Aliko Dangote discusses the monumental challenges of building his landmark refinery, which aims to reduce fuel imports, boost African self-sufficiency, and create wealth for citizens.
EconomySkyrocketing Car Prices Expose the Harsh Reality of Iran's Economic Crisis
An economic crisis and soaring car prices in Iran have left citizens struggling to afford vehicles, highlighting a broader cost-of-living emergency.
EconomyUS Diesel Prices Hit Record $6.31 a Gallon as Global Supply Pressures Mount
US diesel prices have reached a record high of $6.31 per gallon, driven by global supply disruptions and geopolitical conflicts, threatening broader economic and consumer price pressures.
EconomyTrump’s Claims of Falling Prices Clash With Economic Reality and Federal Reserve Policies
President Donald Trump's assertion that consumer prices are dropping clashes with the Federal Reserve's decision to raise interest rates to combat persistent inflation. As voters express dissatisfaction with the cost of living, economic pressures threaten political support for the administration.
EconomyEscalating War at Home and Across the Region Drives Up Fuel and Food Prices in Yemen
A recent 10 percent hike in fuel prices in Houthi-controlled areas of Yemen, driven by domestic conflict and regional tensions, has triggered severe economic hardship and exacerbated food insecurity.