Oman posts USD 31.5 million budget deficit in 2025, says report
As per the ministry, the deficit was 26% lower than the budgeted deficit of OMR 620 million (USD 1.61 billion), primarily due to higher energy revenues...
Tag : inflation
Global air travel demand to see a moderate 2026, says IATA
As per the IATA, the industry-wide revenue passenger kilometres (RPK), a key measure of passenger demand, will grow by 2.1% in 2026...
Saudi Arabia’s nominal GDP rises 6.3% in Q1 2026, finds report
Inflationary conditions within the Saudi economy remained stable, with the Consumer Price Index (CPI) remaining at 1.7% in April 2026...
What the Iran war is doing to everyday life in Britain
Both Iran and the United States tried to play hardball with the maritime chokepoint to get the better of each other at the negotiation table in Islamabad...
Trump’s war, tariffs squeeze American wallets
President Donald Trump's dual strategy of striking Iran and imposing tariffs globally has triggered a severe economic crisis...
Banca d’Italia forecasts sluggish 0.5% economic growth for Italy amid energy crisis
Surging oil and gas prices, combined with geopolitical instability, threaten to stall Italy's economic recovery through 2027, prompting the central bank to urge productivity reforms...
Global economy slows as Iran war energy shock drives inflation surge
Delivery times and output prices hit their highest levels since the post-COVID supply chain snarls and inflation wave peaked around four years ago...
Investors remain bullish despite headwinds, says Morgan Stanley
More than half of investors point to IT as the sector with the greatest potential, said Morgan Stanley Wealth Management...
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker global expansion...
Despite gains, gold heads for biggest loss in nearly two decades
Discussing gold, the go-to hedge against inflation and geopolitical risks, has fallen more than 14% since the war began on February 28...