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


Viksit Bharat 2047: India’s roadmap to become a developed nation - opinion

While there is general agreement that the term Viksit Bharat denotes a developed country, it is still necessary for public policy purposes to break down the concept to know what it entails.

An Indian flag is pictured in the pocket of a police officer's uniform as he attends a rally in support of the Indian armed forces, following the ceasefire announcement between India and Pakistan, in New Delhi, India, May 13, 2025.

Leumi posts record Q2 profit of NIS 2.83 billion

Leumi was the only Israeli bank to boost half-year profits in 2026, reaching NIS 5.18 billion; FIBI board decides to merge computing unit MATAF amid labor dispute.

Bank Leumi.

A proposal for an economic future: Gaza needs more than reconstruction - opinion

For decades, Gaza's refugee camps have been a symbol of dependency. Reconstruction offers an opportunity to change that reality.

Palestinians inspect the damage caused by an Israeli airstrike that targeted a house belonging to the al-Qalqili family in al-Bureij refugee camp, central Gaza Strip, on July 30, 2026.

Michigan is not turning away from Israel – opinion

America’s political area will have no impact on the economic, technological, and personal ties between Israelis and Michiganians

ATTACHING TIRES to the chassis of an F-150 pickup truck at Dearborn Truck Plant in Dearborn, Michigan, in 2024.

Iran to become member of BRICS Bank, increasing economic cooperation, trade - report

Hemmati announced that Iran was set to join the BRICS Bank in the near future, Iran's semi-official Tasnim News Agency reported.

BRICS foreign ministers, including Iran's Abbas Araghchi, meet in New Delhi, India, May 14, 2026.

How governments are becoming major market players

Strategic intervention and rising tariffs force global businesses to rethink their playbooks in a rapidly changing economy.

“Anticipating where, how, and with what mechanisms governments will intervene is no longer optional - it has become a core leadership capability.”

Trump returns to an old weapon: Behind US's decision to economically choke Iran - analysis

US Treasury Secretary Scott Bessent said last month that the administration’s economic policy had sent the Iranian currency into "free fall" and pushed inflation into triple-digit rates.

U.S. President Donald Trump waves as he disembarks Air Force One at Joint Base Andrews, Maryland, US, August 9, 2026.

The Islamic Republic is exporting the costs of its economic failure - opinion

For nearly five decades, the Islamic Republic has diverted national resources toward ideological expansion, proxy warfare, and regional confrontation.

Iranian Rial banknotes over a backdrop of the Iranian flag; illustration.

Israel set to transfer one billion shekels to Defense Ministry for 'urgent, classified procurement'

The resolution calls for the procedure "in light of the state of emergency in which the State of Israel finds itself; given the urgent and immediate need to provide an operational response"

Defense Minister Israel Katz in a meeting with high-ranking IDF officials.

Trump harasses new Fed chair Warsh with personal calls to unprecedented levels, sparking concern

Trump has reportedly repeatedly called Federal Reserve Chair Kevin Warsh for advice on Iran, AI, and the economy, raising concerns about the central bank’s political independence.

Federal Reserve Chair Kevin Warsh speaks during a news conference at Federal Reserve Headquarters on July 29, 2026 in Washington, DC.