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Belgian ambassador receives Order of Independence, First Class medal from the Head of State

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Belgian ambassador receives Order of Independence, First Class medal from the Head of State

Gold prices drop 2% amid rising expectations of a US interest rate hike

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Gold prices drop 2% amid rising expectations of a US interest rate hike

Sultan bin Ahmed Presides Over the Sharjah Media Meeting

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Sultan bin Ahmed Presides Over the Sharjah Media Meeting

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Boeing Nears Final Approval for Delayed Jet Certification

European Organization Plans to Lift Banking Restrictions to Compete with Wall Street

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European Organization Plans to Lift Banking Restrictions to Compete with Wall Street
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Moody's lowers outlook for Israel's economic growth and predicts increased debt

Moody's lowers outlook for Israel's economic growth and predicts increased debt

Moody's has lowered its forecast for Israel's economic growth in 2026 to 3.7% from 5%, warning of the impact of increasing geopolitical risks, especially given the fragility of ceasefire agreements with Iran, Hezbollah, and Hamas. Meanwhile, the International Monetary Fund (IMF) expects the economy to grow by 3.5% in 2026, down from its previous estimate of 4.8%. There was a significant decline in economic performance during the first quarter, with per capita GDP decreasing by 4.5%, consumer spending dropping by 4.7%, and defense spending increasing by 9%.

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