Algeria's 2025 Budget: Record Spending Amidst Significant Deficit
Algeria's President Tebboune has approved a historic budget for 2025, featuring record spending and a significant deficit, highlighting the country's reliance on oil and gas revenues.
Turkey's Trade with Arab Nations Hits Record Highs in 2024
Turkey's trade with Arab countries has surged to record levels in 2024, with exports reaching $39.9 billion, driven by political rapprochement and strategic economic partnerships.
Iraq Faces Electricity Crisis as Iranian Gas Supplies Halted
Iraq's electricity supply faces a significant setback as Iranian gas imports are halted for maintenance, leading to a loss of 5.5 gigawatts from the national grid. The Ministry of Electricity is coordinating efforts to mitigate the impact while addressing long-standing energy challenges.
Egypt's Economy Strained by Red Sea Tensions, Warns Foreign Minister
Egyptian Foreign Minister Badr Abdel Aty warns of significant economic impacts due to escalating tensions in the Red Sea, leading to a drastic decline in Suez Canal revenues.
Netanyahu's Arrest Warrants Pose Threat to Israel's Economy
The issuance of international arrest warrants against Israeli leaders threatens the stability of Israel's economy, as highlighted by a Calcalist report, which warns of decreased foreign investment and rising debt levels.
QatarEnergy Increases Stake in Offshore Namibia Exploration Blocks
QatarEnergy has acquired additional stakes in two offshore exploration blocks in Namibia, increasing its interest in Block 2913B to 35.25% and Block 2912 to 33.025%.
ArcelorMittal's Reims and Denain Sites Face Closure Amid Strikes
Iranian Aviation Crisis: The Consequences of Western Sanctions
SNCF Prepares for Possible Strike as Unions Demand Action
Black Friday Vacuum Cleaner Deals: Ecovacs and Shark Offer Major Discounts
Trump's Policies Could Drive Up Grocery Prices and Impact Global Economy
Tesla Shares Surge as Trump Plans to Regulate Self-Driving Vehicles
2024/10/11
Boeing Faces Major Job Cuts and Delays Amid Ongoing Strike and Technical Issues
Boeing announces plans to cut 17,000 jobs and delay the delivery of its 777X jet amid ongoing strikes and technical challenges, with significant financial losses expected.
Boeing to Cut 17,000 Jobs as Financial Struggles Deepen Amid Strike
Boeing has announced it will cut 17,000 jobs, representing 10% of its workforce, amid ongoing financial struggles and a strike that has halted production. The company also delayed the delivery of its 777X jet by a year.
Türkiye Posts Record Current Account Surplus Driven by Tourism Surge
Türkiye has recorded its highest current account surplus in five years, reaching $4.3 billion in August, largely due to a surge in tourism revenues, despite ongoing trade deficits in goods.
India's Industrial Production Sees First Decline in Two Years Amid Economic Slowdown
India's industrial production has fallen for the first time in nearly two years, signaling a slowdown in the country's economic growth, which has been the fastest among major economies.
U.S. Producer Price Index Stabilization Signals Potential Rate Cuts
The U.S. Producer Price Index remained unchanged in September, influenced by lower gasoline costs, prompting expectations of a potential interest rate cut from the Federal Reserve next month.
Kuwait Airways Achieves 16% Revenue Growth and Plans Expansion
Kuwait Airways reports a 16% increase in annual revenues, reaching KWD 335 million, and aims for 5.5 million passengers by 2025, marking a significant recovery in the airline industry.
IMF Disburses $131 Million to Support Jordan's Economic Reforms
The IMF has approved a $131 million loan tranche to Jordan as part of a $1.2 billion loan aimed at supporting the country's economic reform program amidst regional challenges.
BRICS Economic Leaders Miss Moscow Meeting Amid Western Pressure
Key finance ministers from BRICS nations, including China and India, skipped a crucial meeting in Moscow, raising concerns over the alliance's unity and future amid alleged Western pressure.
Major Changes in European Train Services: Bremerhaven Loses Intercity Connection, Renfe Expands to Toulouse
Deutsche Bahn's new winter timetable will introduce direct connections in Germany while Bremerhaven loses its only intercity service. Meanwhile, Renfe announces a new high-speed train service between Toulouse and Barcelona, expanding its network in France.
Global Pension Reforms: Argentina, France, and Germany Adjust to Economic Pressures
Pensions are set to increase in several countries, with Argentina seeing a 3.47% rise in November, while France's Agirc-Arrco will adjust its pensions by 1.5% to 1.7%. Germany is embroiled in debates over pension reforms aimed at stabilizing benefits amidst rising social security costs.
Iraq's Real Estate Crisis: Understanding the Rising Prices and Housing Challenges
Iraq is facing a significant rise in real estate prices, driven by money laundering, poor planning, and a lack of affordable housing. The government is working to address these issues through new regulations and partnerships with the private sector.
Stellantis Announces Leadership Transition as Carlos Tavares Plans Retirement in 2026
Stellantis has confirmed CEO Carlos Tavares will retire in early 2026, initiating a search for his successor and implementing immediate management changes amid significant industry challenges.
Gas Leak at Pemex Plant in Deer Park: Two Dead, Five Injured
A gas leak at the Pemex plant in Deer Park, Texas, has left two dead and five injured, prompting emergency responses and a temporary shelter-in-place order for local residents.