Key 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…
Iran Reviews U.S. Peace Proposals Amid Ongoing Strait of Hormuz Tensions
Key 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…
Iran Reviews U.S. Peace Proposals Amid Rising Tensions in the Strait of Hormuz
Key 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…
Iran Reviews U.S. Peace Proposals Amid Ongoing Mediated Talks
Key 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…
UAE Approves Massive 2027‑2029 Budget as Airline Cancellations Surge Amid Regional Tensions
Key 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…
UAE Cabinet Approves Dh292.5 bn Budget for 2027‑2029
The 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…
Saudi Forces Respond to Drone and Cruise Missile Attack from Yemen
Saudi 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…
Saudi Forces Counter Drone and Cruise Missile Attack from Yemen
Saudi 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…
Child killed as Israeli strike hits Al‑Zawaida, sparking fresh outrage
A four‑year‑old Palestinian, Osama Ahmed Abed, died after an Israeli attack on the Al‑Zawaida neighbourhood, a tragedy that highlights the ongoing civilian toll despite the cease‑fire declared in October 2025. The strike also wounded two people in Khan…
Four‑year‑old dies in Israeli strike as Gaza schools remain devastated
Key developments: A four‑year‑old child, Osama Ahmed Abed, was killed after an Israeli airstrike hit the Al‑Zawaida area of Gaza, and two other Palestinians were wounded in Khan Yunis while three drivers were detained at the Karm Abu Salem crossing. The attack…