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World Bank Warns Gaza’s Economy in ’Free Fall’

The Gaza Strip's economy is in "free fall," a report from the World Bank warned Tuesday, as cuts to aid and salaries add to an already crippling Israeli regime blockade.

Palestine Has Highest Unemployment Rate in World

Unemployment in the occupied Palestinian territory rose to more than 27 percent in 2017, the world's highest, while per head income contracted 11 percent, the UN Conference on Trade and Development (UNCTAD) said in its annual report.

Rouhani Fails to Convince Mps as to Economic Status

Iranian lawmakers were not convinced by most of the answers given by President Hassan Rouhani to their questions about current economic situation.

Iran’s Parliament Votes Out Minister of Labour

Iran’s Minister of Cooperatives, Labour and Social Welfare Ali Rabiee on Wednesday failed to secure the parliament’s vote of confidence on Wednesday following an impeachment over his management of the ministry and unemployment rate and failing to improve the jobs market and create job opportunities.

Iraqi Demonstrators Disrupt Road to Oil Tankers in Basra

Hundreds of Iraqis demonstrated in the southern city of Basra on Sunday amid a growing anger over high unemployment and poor public utilities.

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