The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran until further notice, the UAE Ministry of Foreign Affairs announced Tuesday. Afra Al Hameli, Director of the Strategic Communications Department at the ministry, said the decision was taken amid regional developments that pose a threat to peace and security in…
On 4 March 2026, Iranian forces declared the Strait of Hormuz closed following the United States (US)-Israel attack on Iran on 28 February. The disruption has had serious ramifications for global energy security. In 2025, nearly 15 million barrels of crude oil per day—around 34 percent of global crude oil trade—passed through the Strait, with…
Containers are constantly moving through the Port of Haifa, with ships docking, cargo being unloaded and vessels setting sail. But beyond its role as a major Mediterranean gateway, Haifa could take on a much larger strategic importance if plans for the India–Middle East–Europe Economic Corridor, or IMEC, become reality. The ambitious project aims to establish…
Amid trade embargoes, asset freezes and attacks on ships as part of a naval blockade, Washington has announced a plan to enact a new wave of restrictions on Iran, targeting its economy. Treasury Secretary Scott Bessent said last Thursday that the United States was planning to inflict more economic damage on Tehran as early as…
Israel has long had one of the world’s most vibrant creative industries. Our television formats have travelled internationally, our technology is part of everyday life around the world, and Israeli chefs, musicians, filmmakers and entrepreneurs have built global reputations. Yet much of the content that reflects Israel’s culture, people and creativity has remained difficult for…
Tehran last week hosted one of Tajikistan’s most serious economic delegations ever, bringing together the country’s energy and transport ministers and the deputy foreign minister and a group of Tajik businessmen. The composition of the delegation suggested that Dushanbe is seeking to redefine its economic relationship with Tehran by placing energy, transportation, logistics, investment and…
Eight Israeli airstrikes hit the Abu al-Duhur military airbase in northwestern Syria early Tuesday, targeting the runway and storage facilities. No casualties were reported in the strikes, according to the military source and a civilian living near the base, Reuters reported. The Israeli military did not immediately comment on the reported strikes, while Syria’s Defense…
0 US-Israel-Iran War Latest News: The war in the Middle East is putting growing pressure on Iran’s economy and the Strait of Hormuz, even as Oman and Tehran continue efforts to establish arrangements for maritime navigation. The latest developments come as Washington considers tougher economic measures against Iran and tensions around the strategic waterway remain…
Castro-Hoodies Group and Renuar Group, two competing fashion retailers, announced a first-of-its-kind partnership to launch ANTA in Israel. The Chinese sportswear giant has annual sales of about $11 billion, with roughly 10,000 stores in China and another 250 outside the country. Under the agreement, Castro-Hoodies will hold a 51% stake in the new subsidiary, Renuar…
Israel’s seasonally adjusted unemployment rate climbed to 3.1% in July 2026 from 2.9% in June, reaching its highest reading since January. The number of unemployed people increased by 20.2 thousand from the previous month and by 5.7 thousand from a year earlier to 148.2 thousand. Meanwhile, employment rose by 11.1 thousand month-on-month and 42.2 thousand…
