Economy

Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis

US Treasury Secretary Scott Bessent said he predicted the Iranian economy would contract an additional 25% by next March and recommended that Iranian civilians begin stocking up on gasoline.

An Iranian woman walks next to an anti-Israeli mural on a street in Tehran, Iran, May 18, 2026.
Finance Minister Bezalel Smotrich attends a press conference at the Finance Ministry in Jerusalem, July 1, 2026.

Finance Ministry prepares plan to prevent increase in deficit, fund defense, for next government

Tech Economy Growth.

The economic impact of Israel’s expanding technology industry

THE TEL AVIV stock exchange. Although Israel’s economy emerged triumphant from the war, with full employment and one of the world’s strongest currencies still intact, this does not mean it can spend a tenth of its GDP on defense, the writer maintains.

Investors see economic upside for Israel if opposition beats Netanyahu in upcoming elections


Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand

The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused will dominate the agenda and sideline conversations during the annual meeting.

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018.

The new architecture of power: Why sustainability is the ultimate entrepreneurial frontier

As energy security, climate change, and technology reshape the global economy, sustainability is emerging as a powerful frontier for entrepreneurs and future leaders.

Sustainability is no longer optional - it is the next frontier of global power.

Israel’s election must address children without family support - opinion

Israel must strengthen its welfare system and ensure children without family support have the care and guidance they need to thrive.

 A man casts his vote in the Israeli general elections, at a polling station in Jerusalem, on November 1, 2022.

Netanyahu, Smotrich intervene to cut gas prices again after Israel reaches record high

The order reducing the fuel excise tax, which Smotrich signed on Sunday, lowered the price of a liter of gasoline from NIS 8.27 to NIS 7.77.

A general view of a sign displaying fuel prices at a gas station in central Israel, after fuel prices increased at midnight, October 1, 2026.

China-Syria trade rises by hundreds of millions of dollars as China launches industrial investments

The value of Syrian imports from China reached approximately $669.9 million during the first six months of 2026, exceeding in just half a year the total value of Chinese exports to Syria in 2025.

Syrian Foreign Minister Walid Muallem (3rd L) speaks with Chinese Foreign Minister Wang Yi (3rd R) during a meeting at Diaoyutai state guesthouse in Beijing on June 18, 2019.

Could environmental cooperation help pave the way for a more stable Gaza? - opinion

EcoPeace’s proposed Peace Triangle seeks to connect Gaza’s rehabilitation with water, energy, economic, and security cooperation.

EcoPeace co-directors and EcoPeace Middle East co-director with German Ambassador Heusgen at UNSC

Iranians stagger under soaring cost of living after seven months of war with the US

How far economic strain may push Iran towards diplomatic compromise is unclear, as it tightens its own stranglehold on Gulf energy exports through the Strait of Hormuz, driving up oil and gas prices.

An Iranian woman shops in a store in Tehran, Iran, April 28, 2026.

OECD cuts Turkish economic growth forecast to lowest rate since 2020 amid Iran war, rising prices

The organization, which published its latest economic outlook under the title “Navigating Successive Shocks,” also lowered Turkey’s 2027 growth forecast to 3.6%.

Illustrative: Customers walk past a flag vendor as they shop at a bazaar in Istanbul on September 6, 2022.

OECD expects AI boom to help offset Middle East energy shock for now

In the OECD's baseline outlook, inflation in G20 economies was seen at 4.1% in 2026, up from 4.0% forecast in June.


The rise of free access models across digital platforms

From streaming and gaming to software and social media, free-access models are reshaping digital platforms by turning broad user adoption into advertising, data, and premium revenue.

Free access has evolved from a marketing tactic into a dominant digital business model, reshaping how consumers watch, play, read, and use online services.