Economy

IMF Warns of Global Economic Impact and Rising Inflation Due to Ongoing Middle East Conflict —————————— The International Monetary Fund (IMF) has warned that the ongoing conflicts in the Middle East could have widespread consequences for the global economy, stating…

Scholars Discuss State of Islamic Economics at International Conference in Brussels ———————————————- The Belgian capital, Brussels, hosted the 7th International Conference of the European Academy for Islamic Finance and Economics (EAIFE), held under the theme “Islamic Economics in Europe: Opportunities…

IMF reduces 2026 global growth forecast on Mideast war ———————————— The International Monetary Fund (IMF) has lowered its global economic growth forecast as tensions between the United States and Iran have driven up energy and food costs globally. The IMF…

Global Economy, Food Security at Risk as Middle East Conflict Raises Alarms ————————————– Rising military tensions in the Middle East are expected to have far-reaching consequences for the global economy and food security, with international financial institutions warning of worsening…

Global Food Prices Climb Again as Middle East Conflict Deepens, UN Warns of Wider Surge ————————————————————- Global food prices have continued to rise for a second consecutive month, with sharper increases recorded in March 2026 as the ongoing Middle East…

Survey Finds Americans Value Banking Apps Over Social Media Amid Economic Pressures ———————————————- A new survey by Wells Fargo, reported by Axios, shows that Americans are placing greater importance on financial tools than social media as economic concerns grow. According…

Middle East Tensions Add Pressure to Global Economy, Key Sectors Face Strain ———————————- Ongoing tensions in the Middle East are contributing to heightened global economic uncertainty, with rising energy costs, market volatility, and sector-specific disruptions affecting economies worldwide. According to…

Global Institutions Warn of Far-Reaching Economic Impact of Middle East Conflict ————————————- International economic institutions have warned that escalating tensions in the Middle East could trigger multi-layered global crises, affecting industry, trade, and financial stability, with particularly severe consequences for…

Report Says 32 Companies Accounted for Half of Global CO₂ Emissions in 2024 …….. Just 32 fossil fuel companies were responsible for around half of global carbon dioxide emissions in 2024, according to a new Carbon Majors report published this…

A new report by the United Nations’ International Labour Organization (ILO) shows that although headline unemployment rates remain relatively steady, a persistent global shortage of decent, secure and well-paid work continues to undermine sustainable economic progress worldwide. According to the…