Dubai, United Arab Emirates, Nov 11, 2026 (AFP) - War cost Gulf over $200 bn in damage, $790 bn losses until 2030: insurer

NAMPA / AFP
2026-11-11
The US-Iran war will cost Gulf countries more than $200 billion in damage and economic losses could reach nearly four times that amount by 2030, insurer Allianz Trade said on Wednesday. Gulf countries bore the brunt of Tehran's wrath after the United States and Israel launched attacks on Iran on February 28, triggering the war. In retaliation, Iran restricted shipping in the key strait of Hormuz and struck civilian infrastructure including airpor......
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RUNDU, 11 November 2026 - Constitutional review and drafting committee member Kurry Matundu speaking during a stakeholder engagement at Rundu on Tuesday. (Photo by: Sawi Hausiku) NAMPA

RUNDU, 11 November 2026 - Constitutional review and drafting committee member Kurry Matundu speaking during a stakeholder engagement at Rundu on Tuesday. (Photo by: Sawi Hausiku) NAMPA

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NCUNCUNI, 11 November 2026 - Three villages in the Ncuncuni constituency of the Kavango West Region stand to benefit from a water-extension project funded through the Kavango West Regional Council’s Work for Food allocation. (Photo: Contributed)

NCUNCUNI, 11 November 2026 - Three villages in the Ncuncuni constituency of the Kavango West Region stand to benefit from a water-extension project funded through the Kavango West Regional Council’s Work for Food allocation. (Photo: Contributed)

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NCUNCUNI, 11 November 2026 - Three villages in the Ncuncuni Constituency of the Kavango West Region are the first to benefit from a water infrastructure extension project funded through the Kavango West Regional Council’s Work for Food allocation. (Photo: Contributed)

NCUNCUNI, 11 November 2026 - Three villages in the Ncuncuni Constituency of the Kavango West Region are the first to benefit from a water infrastructure extension project funded through the Kavango West Regional Council’s Work for Food allocation. (Photo: Contributed)

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OKAHANDJA, 10 November 2026 - The Chief Executive Officer (CEO) of the Okahandja Municipality, Alphons Tjitombo. (Photo: Contributed)

OKAHANDJA, 10 November 2026 - The Chief Executive Officer (CEO) of the Okahandja Municipality, Alphons Tjitombo. (Photo: Contributed)

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OTJIWARONGO, 10 November 2026 - The Acting Governor of the Hault-Katanga Province in the Democratic Republic of Congo (DRC), Martin Kazembe Shula (centre) visits the Kilo40 Livestock Commercial Farm in the Otjozondjupa Region on Tuesday. (Photo by: Mulisa Simiyasa) NAMPA

OTJIWARONGO, 10 November 2026 - The Acting Governor of the Hault-Katanga Province in the Democratic Republic of Congo (DRC), Martin Kazembe Shula (centre) visits the Kilo40 Livestock Commercial Farm in the Otjozondjupa Region on Tuesday. (Photo by: Mulisa Simiyasa) NAMPA

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B2GOLD MINE, 10 November 2026 - A section of maize crops on a farmland of the Otjikoto B2gold Mine outside Otjiwarongo in the Otjozondjupa Region which was visited Tuesday afternoon by a high level political delegation from the Democratic Republic of Congo (DRC)'s Hault-Katanga Province. (Photo by: Mulisa Simiyasa) NAMPA

B2GOLD MINE, 10 November 2026 - A section of maize crops on a farmland of the Otjikoto B2gold Mine outside Otjiwarongo in the Otjozondjupa Region which was visited Tuesday afternoon by a high level political delegation from the Democratic Republic of Congo (DRC)'s Hault-Katanga Province. (Photo by: Mulisa Simiyasa) NAMPA

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KATJINAKATJI, 10 November 2026 - Minister of Health and Social Services Esperance Luvindao pictured during her visitation to Katjinakatji Clinic in Mankumpi Constituency on Tuesday. (Photo: Contributed)

KATJINAKATJI, 10 November 2026 - Minister of Health and Social Services Esperance Luvindao pictured during her visitation to Katjinakatji Clinic in Mankumpi Constituency on Tuesday. (Photo: Contributed)

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ONYUVA, 10 November 2026 - A community member pours water into a drinking trough for livestock at Onyuva village in the Epupa Constituency of the Kunene Region. (Photo: Kaviveterue Virere) NAMPA

ONYUVA, 10 November 2026 - A community member pours water into a drinking trough for livestock at Onyuva village in the Epupa Constituency of the Kunene Region. (Photo: Kaviveterue Virere) NAMPA

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