Inflation

Middle East economy to shrink 2.1% in 2026, Gulf economies by 4.3%, World Bank forecasts

Despite grim forecasts, the World Bank projects regional economies could rebound by 7.8% in 2027 if the conflict ends this year, though the Hormuz blockade and inflation remain major threats.

Now, when Israel looks out at the map, it has an alliance with two countries that face Iran directly across the Gulf
Illustrative: Customers walk past a flag vendor as they shop at a bazaar in Istanbul on September 6, 2022.

OECD cuts Turkish economic growth forecast to lowest rate since 2020 amid Iran war, rising prices

 Model of petrol pump is seen in front of US and Iran flag colors in this illustration.

Renewed Middle East tensions send Brent Crude above $100

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026.

Iranian Rial hits record low as economic fallout from war takes hold - report


Smotrich unveils Israel's state budget, economic plan to fight inflation

Finance minister: “The daycare centers will not be more expensive for parents by one shekel, we will absorb the costs."

 Israeli Finance Minister Bezalel Smotrich at a conference of the Religious Zionist Party, in Jerusalem, February 19, 2023.

Israeli NGOs turn to philanthropy as funding requests soar

Charities increase requests to NGOs by 37% in the past three months

 A graph illustrating the gap between Israeli and US stock market prices in 2022-23

BoI hikes interest rate by 0.50% 0 a 15-year high; is it the right move? - analysis

Is the BoI making the right call in using yet another interest rate increase to handle Israel's inflation?

 A graph illustrating the gap between Israeli and US stock market prices in 2022-23

Voices from the Arab press: What about the Syrian victims?

A weekly selection of opinions and analyses from the Arab media around the world.

 RESCUE WORKERS search for earthquake survivors among the rubble in Latakia Province, Syria, Feb. 7.

2023 will be a challenging year with rising inflation, bank officials fear

CEO of Mercantile Bank Shuki Bernstein: There's a continuation of half price increases in all economic areas.

Mercantile Bank seen in Ramat Hasharon.

Steve Forbes discusses his new book – and Israel

Forbes, a longtime friend of the nation of Israel, shared his thoughts as to how Israel – a modern miracle as a hi-tech center of the world – has tackled inflation.

 Writer Joseph Scutts with Steve Forbes in Manhattan

Earthquake to impact Turkey’s already hard-hit economy, analysts say

Ankara quickly appeals for international assistance as the death toll from the earthquake that devastated Turkey climbs.

 Turkey earthquake – a glimpse of the ECHO assessment

Iran's economy: World's 11th-largest GDP is strong but in crisis

Iran is home to strong universities, advanced technology, and innovative start-ups. And a giant economy and population, whose size alone makes it formidable. 

 People at a co-working space in Tehran.

Iranian currency falls to record low amid isolation and sanctions

Iran's central bank governor Mohammad Reza Farzin on Saturday blamed the fall of the rial on "psychological operations" which Tehran says its enemies are organizing to destabilize Iran.

Iran's national currency along with US currency.

Bank of Israel worried looser fiscal policy may prevent inflation easing

Prime Minister Benjamin Netanyahu has promised hefty state spending that includes higher subsidies to coalition partners.

 View of Bank of Israel main offices in Jerusalem, on January 2, 2023.