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MIDDLE EAST ECONOMY
IEA says 'unconditionally' re-opening Hormuz vital to end energy crisisThe head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Re...- G7 leaders open summit talks on Ukraine and the Middle East as Zelenskyy joins in FranceLeaders at the G7 summit face a packed agenda. Discussions will focus on ending Russia's war in Ukraine and addressing the Middle East cris...
- Royal Orchid plans to add 50 hotels, betting on local demand boostRoyal Orchid Hotels is set to launch over 50 new properties across India in the coming 12 to 18 months. This expansion is fueled by a surge...
- India's fiscal policy is evolving to support domestic growth: S&P GlobalIndia is adjusting its fiscal policy to boost domestic growth and economic strength. Global uncertainties are prompting a move towards long...
- IMF chief says no global slowdown in sight yet, but risks are highThe global economy is holding strong despite the Middle East war. Commodity prices and inflation have risen, but a global slowdown is not y...
- Quarter after quarter, year after year, India is fastest growing economy: FM SitharamanFinance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accused Congress leader Rahul Gandhi o...
- French-UK mission 'ready' to aid Hormuz reopening: French President Emmanuel MacronFrance's president on Monday said that a military mission set up by Paris and Britain to help with Strait of Hormuz traffic was ready to de...
- US-Iran deal should immediately reopen Hormuz Strait, European Union chief Ursula von der Leyen saysEuropean Union chief Ursula von der Leyen announced that a new agreement between the United States and Iran should immediately reopen the S...
- World leaders welcome US-Iran deal, urge swift implementationA significant peace deal has been struck between the United States and Iran. This agreement aims to end their war and reopen the vital Stra...
- Trump says US-Iran deal will keep Strait of Hormuz 'permanently toll-free'; nuclear talks set for Friday in SwitzerlandA significant deal is struck between the US and Iran. President Donald Trump confirms an agreement to keep the Strait of Hormuz open withou...
- Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...
- Global air travel demand to slow to 2.1% in 2026, IATA saysGlobal air travel demand is set to grow in 2026, but at a slower rate. The Middle East faces a significant contraction due to ongoing confl...
- Dollar steadies, set for weekly loss on US-Iran deal talksThe dollar steadied but eyed a weekly loss as Middle East peace talks and SpaceX's massive IPO dominated market attention. The euro edged h...
- UK economy shrinks in April as Middle East war hitsBritain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister K...
- Is India's economic growth real? Raghuram Rajan says something is offFormer RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign...
- Global Market | European stocks rally as oil falls on hopes for US-Iran dealThe benchmark snapped a four-day losing streak on Thursday, as investors digested the European Central Bank's rate hike and largely looked...
- World Bank Raises India's FY27 Growth Forecast to 6.6%India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank. This positive outlook is driven by reduced US t...
- India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World BankIndia will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This modera...
- ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
- Global markets: Japan's Nikkei slumps, yen trades above 160 level on tech, Gulf concernsJapan's Nikkei share average experienced its biggest drop in three months. The yen also weakened significantly against the dollar. Concerns...
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