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


Voters prefer Democrats over Republicans on economy for first time in a decade - poll

The Republican edge on the economy has steadily deteriorated as US household finances suffered from soaring gasoline prices following the US-Israeli attacks on Iran in February.

US President Donald Trump speaks to the media aboard Air Force One en route to Joint Base Andrews, in Maryland, US, August 2, 2026.

Israel needs new leadership: Could covenantal politics be the answer? - opinion

Israel’s significant integration into the world economy, our population growth, and economic progress made it possible for us to pick up some bad habits of the countries it wanted to emulate.

People at polling station during the Likud party internal elections in Tel Aviv, July 27, 2026.

Jobs, not just policing, are key to fighting crime in Israel’s Arab society - opinion

Reducing crime in Arab society means pairing tough law enforcement with greater access to quality jobs and meaningful opportunity.

Israeli security forces are seen at the scene where three men were shot dead by assassins in the city of Shfaram, northern Israel, January 7, 2026

Indian rice exports climb 5% in first half of 2026 as non-basmati shipments rise, sources say

India's rice exports from January to June rose to 12.27 million metric tons from 11.68 million tons in the same period a year ago, despite concerns that recent weather patterns could hurt production.

A shopkeeper speaks on the phone as he sells rice and grains inside a wholesale market in Kolkata, India, January 13, 2026.

Saudi Arabia-US nuke deal helps MBS realize Saudi Vision 2030 - opinion

By the centenary year, if the plan succeeds, Saudi Arabia will no longer be dependent on oil revenues, transforming instead into a modern, liberalized, thriving society

U.S. President Donald Trump and Saudi Crown Prince and Prime Minister Mohammed Bin Salman attend a bilateral meeting at the Royal Court in Riyadh, Saudi Arabia, May 13, 2025.

Iran war risks becoming America’s next Vietnam - opinion

Four months into the Iran campaign, the US risks repeating Vietnam by relying on gradual pressure over decisive victory.

 US President Donald Trump seen over an illustrative image of American-Iranian ties (illustrative)

EU, World Bank funds saved Palestinian Authority from economic collapse, INSS finds

Western funding from the EU and World Bank has kept the Palestinian Authority afloat as Israeli tax transfers fell, while Arab states provided only a small share of the aid.

Palestinian Authority President Mahmoud Abbas addresses the general Conference of Fatah Youth in Ramallah, with a backdrop including a portrait of Abbas and Yasser Arafat, November 27, 2025; illustrative.

AI layoffs mount across Israeli tech companies amid software sector bloodbath

The development of AI in recent years has led to situations where human work is replaced by AI, or AI can do the same job faster or at a lower cost

A businessman is seen working alongside a team of robots in this illustrative image of artificial intelligence.

Germany's Merz picks first woman chief of staff in shake-up before state elections

Warken will be the first woman to hold her new post, an important position that serves as a node between the chancellery, ministries and lawmakers.

German Chancellor Friedrich Merz (2ndR), outgoing German Health Minister Nina Warken, outgoing parliamentary State Secretary in the Digital Ministry Philipp Amthor and outgoing Secretary General of Germany's Christian Democratic Union (CDU) Carsten Linnemann (R), July 23, 2026.

Lack of experience, mistakes cost private home builders billions in unnecessary expenses

Around 20% of Israelis building private homes are estimated to lose billions of shekels due to costly mistakes, as a new podcast seeks to provide guidance throughout the construction process.

Receiving the keys to a new home.