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
2024/10/25
Moody's Maintains France's Debt Rating but Downgrades Outlook to Negative
Moody's has maintained France's sovereign debt rating at Aa2 but downgraded its outlook to negative, indicating growing concerns over public finances and the government's ability to implement necessary reforms.
Türkiye Begins Oil and Gas Exploration in Somalia
Türkiye has initiated a seismic survey for oil and gas off the coast of Somalia with the arrival of the Oruc Reis vessel, marking a significant step in the country's energy development.
IMF Predicts Slowing Global Growth Amid Rising Debt Challenges
The IMF warns of a decline in global GDP growth and rising debt, highlighting challenges faced by governments worldwide as they strive to improve opportunities for citizens and address climate change.
E. coli Outbreak Linked to McDonald's: 75 Cases Reported in the U.S.
The E. coli outbreak linked to McDonald's hamburgers has resulted in 75 infections across 13 states, prompting lawsuits and a recall of slivered onions.
Erdogan Announces Record Defense Exports at SAHA Expo 2024
Turkish President Recep Tayyip Erdogan announced record defense exports at the SAHA Expo 2024, highlighting advancements in the country's defense industry.
Algeria's Trade Sector Reforms Aim for $29 Billion in Non-Oil Exports by 2030
Algeria is implementing significant reforms in its trade sector to diversify its economy away from hydrocarbons, aiming for $29 billion in non-oil exports by 2030. The government is focusing on regulating foreign trade to ensure local market stability while encouraging partnerships with foreign investors.
China Offers Duty-Free Trade to Afghanistan to Boost Economic Ties
China has announced duty-free access for Afghanistan to enhance economic ties and support the Taliban government in diversifying its economy.
Central Bank of Russia Increases Key Rate to 21% to Combat Inflation
The Central Bank of Russia has raised the key interest rate to 21% to tackle persistent inflation, which remains above expectations despite slight improvements.
E. coli Outbreak: First Lawsuit Filed Against McDonald's After Fatality
The E. coli outbreak linked to McDonald's has resulted in one death and numerous illnesses, prompting a lawsuit and significant stock price decline for the fast-food chain.
New 5,000 Ruble Banknotes Rolled Out in Russia with Enhanced Security Features
The Bank of Russia has begun circulating updated 5,000 ruble banknotes with enhanced security features, starting in regions like Altai. The new design showcases regional landmarks and will gradually replace the older series.
Lebanon Placed on FATF Grey List: Economic Implications and Reforms Needed
Lebanon has been added to the FATF grey list due to deficiencies in combating financial crimes, which could worsen its ongoing financial crisis.
Putin Unveils BRICS Financial Initiatives to Strengthen Economic Independence
At the recent BRICS summit, President Putin outlined plans to enhance financial cooperation among member states, focusing on trade in national currencies and developing a new investment platform aimed at fostering economic growth and independence from Western financial systems.
Morocco's 2025 Budget: Aiming for Growth Amid Challenges
Morocco's 2025 budget, presented by Minister Nadia Fettah Alaoui, aims for a 4.6% economic growth amid challenges like unemployment and high debt. Key investments focus on renewable energy and infrastructure for the 2030 World Cup, while also supporting vulnerable populations.
Impact of Trump vs. Harris Election on Global Markets and Insulin Costs
The upcoming U.S. presidential election between Donald Trump and Kamala Harris is poised to have profound implications for both the U.S. economy and global markets. With Trump potentially increasing tariffs, Germany could face significant GDP losses, while Harris emphasizes the importance of maintaining insulin price caps for vulnerable communities.
Turkish Aerospace Industries (Tusas) Attacked: Government Blames PKK
Turkish Aerospace Industries (Tusas) was attacked on October 23, 2024, resulting in five deaths and 22 injuries. The Turkish government has blamed the Kurdistan Workers' Party (PKK) for the attack.
Hybrid Car Sales Surpass Petrol Cars in Europe for First Time
In a historic shift, hybrid car sales have outpaced petrol car sales in the European Union, marking a significant trend towards greener vehicle options amidst declining overall new car sales.
La Poste and MAN Lead the Charge in Electric Truck Adoption
La Poste has launched electric trucks for parcel delivery in Auvergne, while MAN has introduced its first heavy-duty electric truck, marking significant milestones in the shift towards sustainable transport.