Key developments: The IMF’s October 2026 World Economic Outlook forecasts a sharp 16% contraction of Iraq’s economy in 2026, followed by a robust 19% growth in 2027. This follows a modest 0.4% decline in 2025 and accompanies a…
Continue reading IMF predicts Iraq’s economy to shrink 16% in 2026 before a 19% rebound in 2027Key developments: The IMF’s October 2026 World Economic Outlook projects a sharp 16% contraction for Iraq’s GDP in 2026, reversing a modest 0.4% decline in 2025. Inflation is expected to jump to 3.5% in 2026 before easing to…
Continue reading IMF predicts Iraq’s economy will plunge 16% in 2026 before a 19% rebound in 2027Key developments: The IMF’s October 2026 World Economic Outlook projects a severe contraction for Iraq’s economy in 2026, with a 16% drop in GDP, following a modest 0.4% decline in 2025. Inflation is forecast to climb sharply to…
Continue reading IMF predicts Iraq’s economy to shrink 16% in 2026 before a 19% rebound in 2027Key developments: Iran’s foreign ministry confirmed on October 12, 2026 that Tehran is examining the latest U.S. peace proposals, with Pakistan and Qatar acting as mediators. The spokesman emphasized that any deal must respect Iran’s pre‑conditions and noted that recent…
Continue reading Iran Reviews U.S. Peace Proposals Amid Ongoing Strait of Hormuz TensionsKey developments: Iran’s foreign ministry confirmed it is reviewing the United States’ latest peace proposals, emphasizing that any deal must respect Tehran’s preconditions. Mediators from Pakistan and Qatar continue to shuttle messages between the two sides, while Russia…
Continue reading Iran Reviews U.S. Peace Proposals Amid Rising Tensions in the Strait of HormuzKey developments: Iran’s Foreign Ministry confirmed it is reviewing the United States’ latest peace proposals, emphasizing that any agreement must respect Tehran’s preconditions. The spokesperson highlighted the continued involvement of Pakistan and Qatar as mediators and dismissed claims…
Continue reading Iran Reviews U.S. Peace Proposals Amid Ongoing Mediated TalksKey developments: The UAE cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, signed off on a Dh 292.5 billion federal budget for 2027‑2029, underscoring the nation’s commitment to sustained public‑sector spending despite regional volatility. At the same time, Etihad Airways announced…
Continue reading UAE Approves Massive 2027‑2029 Budget as Airline Cancellations Surge Amid Regional TensionsThe federal cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, has signed off on a Dh292.5 billion budget covering 2027‑2029. The plan earmarks massive spending to sustain economic diversification, infrastructure projects and social programmes while navigating regional volatility. The approval signals continuity…
Continue reading UAE Cabinet Approves Dh292.5 bn Budget for 2027‑2029Saudi military units have taken action against a recent drone and cruise missile strike launched by Yemen’s Iran‑backed Houthi rebels, according to state‑run media reports on Monday. The response follows a series of Houthi attacks that have targeted…
Continue reading Saudi Forces Respond to Drone and Cruise Missile Attack from YemenSaudi forces reacted to a new drone and cruise‑missile strike launched from Yemen, according to state‑run media on Monday. The retaliation follows a wave of Houthi‑linked attacks, including airstrikes on Sanaa and al‑Jawf that killed ten people and…
Continue reading Saudi Forces Counter Drone and Cruise Missile Attack from Yemen
