Labour market devastated due to Middle East war
Labour market devastated due to Middle East war

Up to 67% of Bangladeshs total migrant workers go to Saudi Arabia. In that sense, more than half of Bangladeshs labor market depends on this single country. Qatar ranks second, Kuwait fourth, the United Arab Emirates sixth, and Jordan seventh as destinations for Bangladeshi workers. At the...

IDF reports more missile launches from Iran toward Israel
IDF reports more missile launches from Iran toward Israel

The Israel Defense Forces said on Thursday that it detected multiple waves of missiles launched from Iran toward Israeli territory over the past hour, prompting air‑raid alerts and urgent calls for residents to take immediate shelter. The military engaged its air‑defence systems in response to...

Iran warns of long war that could ‘destroy’ world economy
Iran warns of long war that could ‘destroy’ world economy

Iran warned Wednesday it could wage a prolonged war with the United States and Israel that would destroy the global economy, as attacks in the Gulf effectively halted transit through the strategic Strait of Hormuz, reports AFP. Under political pressure over the economic fallout from the...

War likely to worsen repression in Iran: UN probe
War likely to worsen repression in Iran: UN probe

War in the Middle East is likely to deepen the Iranian governments institutionalised repression of its citizens, UN-mandated investigators probing rights abuses in Iran said Wednesday, reports AFP. According to the United Nations Independent International Fact-Finding Mission on Iran, civilians...

Middle East war: Global economic fallout
Middle East war: Global economic fallout

Here are the latest economic events in the Middle East war on Wednesday: IEA reserve proposal stabilises oil prices The International Energy Agency (IEA) has proposed its largest ever release of oil reserves to counter soaring crude prices driven by the US-Israeli war with Iran, the Wall...

Efficient fuel management only option amid Middle East war: Minister
Efficient fuel management only option amid Middle East war: Minister

Minister for Power, Energy and Mineral Resources Iqbal Hassan Mahmood on Wednesday said Bangladesh has no alternative but to use its existing fuel resources in a cost-effective manner due to the ongoing war in the Middle East. Our only option is to use the fuel we have in hand in a sparing...

Oil price surge expected as Middle East conflict escalates
Oil price surge expected as Middle East conflict escalates

Global oil prices are expected to surge sharply when markets reopen late Sunday following US and Israeli strikes against Iran, raising fears of a prolonged Middle East conflict that could hit the global economy, reports AFP. The oil market opens at 2300 GMT, with analysts predicting a steep rise...

World warns against Middle East war as US, Israel strike Iran
World warns against Middle East war as US, Israel strike Iran

Countries in the Middle East and around the world voice fear of a regional conflagration after the United States and Israel launch long-feared strikes on Iran, AFP reported. Russia calls on its citizens to leave Iran, with former president Dmitry Medvedev saying that talks with the United States...