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Ultra-Orthodox Jewish men inspect the damage at the site of an Iranian missile strike in Bnei Brak, east of Tel Aviv, on June 16, 2025. OHN WESSELS / AFP

How the Israel-Iran flare-up is impacting the global economy

From spiking crude to dwindling confidence, the sudden and unprecedented escalation between these two regional powers has sent markets into a tailspin

Abdel-Rahman Ayas 16 June 2025
People sit at an outside restaurant area, as the coronavirus disease (COVID-19) restrictions ease, at Covent Garden in London, Britain April 12, 2021. REUTERS/Henry Nicholls

UK Services Sector Downbeat in Face of Record Costs - CBI

Britain's services businesses reported a record increase in costs over the past three months and are downbeat about the future, as inflationary headwinds look set to squeeze demand further, the…

30 August 2022
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In this image, taken from a video provided by the Russian Defence Ministry Press Service on 21 May 2026, a Russian navy seaman takes part in drills of Russia's nuclear forces. Russian Defence Ministry Press Service/AP
Politics

Russia’s timely reminder of its vast nuclear arsenal

03 June 2026

Military exercises in Belarus at an unusual time of year seem designed in part to make Moscow's adversaries think twice

Khattar Abu Diab
Opinion

Has Trump's patience with Netanyahu run out?

04 June 2026

The Israeli leader's intransigence is proving deeply problematic for the White House, so much so that Trump swore at him on a recent phone call

Con Coughlin
Units of Moqtada Sadr's militia parade with his photo down a main street of the Shiite stronghold of Sadr City June 21, 2014, in Eastern Baghdad. Washington Post
Politics

Sadr once again dismantles his armed militia. Why now?

03 June 2026

The decision to dismantle the Peace Brigades may herald a new stage in the Iraqi state's trajectory, or it could just be a shrewd recalibration to disorient friend and foe alike

Khairuldeen Al Makhzoomi
Adrián Astorgano
Business & Economy

Why people flock to the dollar when local currencies collapse

05 June 2026

An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.

Abdel-Rahman Ayas
A Royal Caribbean cruise sails into the Havana harbour on 6 May 2019, after the activation of Chapter III of the Helms-Burton Act, which sought to intensify the US blockade against Cuba. YAMIL LAGE / AFP
Politics

Cuba, lawfare, and Trump’s Venezuela temptation

02 June 2026

A new American legal ruling turns the screw on the Caribbean island nation by increasing the risks companies face by continuing to make money there. This is all part of the plan.

Stefanie Butendieck Hijerra

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OPINIONS

Netanyahu's future could very well be spent behind bars

Fares Garabet
Fares Garabet

The victory that wasn't: Netanyahu and the Iran war

Michael Horowitz
Michael Horowitz

SpaceX IPO: an astronomical bet on Musk’s space vision

Marco Mossad
Marco Mossad

Cannes pick 'The Station': Yemeni sorority at its best

Leila Amar
Leila Amar
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