Saudi Arabia Innovates Lithium Extraction from Oil Wells
Saudi Arabia has successfully extracted lithium from oil well brine, aiming to launch a commercial pilot program to support the electric vehicle industry.
Interest Rate for Home Savings Plans Drops to 1.75% in 2025
The interest rate for home savings plans (PEL) will decrease to 1.75% starting January 1, 2025, marking the first reduction in over eight years.
Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services
The Central Bank of Syria has set the exchange rate of the lira at 15,000 to the dollar and resumed ATM operations, introducing electronic payment services to enhance banking stability.
Flamanville EPR Reactor to Connect to Grid on December 20, 2024
The Flamanville EPR reactor in France is set to connect to the electricity grid on December 20, 2024, marking a significant milestone in the country's nuclear energy revival.
Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities
Tunisia faces a severe crisis in its olive oil sector, with prices plummeting and farmers protesting due to lack of demand and liquidity. The crisis stems from aggressive anti-corruption measures and international competition, highlighting the need for comprehensive reforms.
AI-Powered Radar to Detect Drunk Drivers Tested in UK
AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.
The Economic Effects of Syrian Refugees Returning to Türkiye
Challenges for Western Companies in China Amid Economic and Geopolitical Tensions
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Russia Announces 7.3% Pension Indexation for Working Pensioners in 2025
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Russia Allocates 18.4 Billion Rubles to Boost Domestic Auto Industry
2024/11/16
ByteDance Valued at $300 Billion Amid U.S. Regulatory Challenges
ByteDance, the owner of TikTok, has valued itself at $300 billion while planning a share buyback, despite facing potential bans in the U.S. due to national security concerns.
Arab Entrepreneurs Showcase Innovations at Web Summit 2024
Arab entrepreneurs are making a significant impact at the Web Summit 2024 in Lisbon, showcasing innovative startups that highlight the region's creativity and ambition in technology.
China's Expanding Economic Influence in South America
China's investments in South America are reshaping trade dynamics, with significant projects underway despite challenges.
Russia Cuts Gas Supply to Austria Amid Ongoing European Energy Crisis
Russia has cut gas supplies to Austria's OMV following an arbitration ruling, marking a significant shift in Austria's energy reliance. Despite this, Gazprom continues to supply gas to Europe through Ukraine. Meanwhile, Hungary's Prime Minister criticizes EU sanctions on Russia, highlighting the complex energy dynamics in the region.
Morocco's 2025 Budget: $72 Billion for Economic Growth and Social Justice
Morocco's House of Representatives has approved a 2025 budget of $72.1 billion, focusing on economic growth, social justice, and sustainable resource management.
Old Age Poverty Affects 3.2 Million Seniors in Germany
Recent statistics reveal that over 3.2 million seniors in Germany are at risk of poverty, highlighting a growing crisis that demands urgent government attention.
General Motors to Lay Off Nearly 1,000 Workers in Global Restructuring
General Motors has announced layoffs of nearly 1,000 workers globally, primarily in the U.S., as part of its strategy to streamline operations and focus on electric vehicles.
Economic Challenges of the Haredi Community in Israel
A report reveals the economic struggles of the Haredi community in Israel, highlighting reliance on women's income, community support, and the risks posed by rising living costs.
Iran Links Banking Network with Russia to Enhance Economic Cooperation
Iran has linked its banking network with Russia's Mir system to enhance economic cooperation, allowing easier financial transactions amid Western sanctions.
China's Chancay Port: A New Era of Influence in Latin America
The inauguration of the Chancay port in Peru by Xi Jinping highlights China's growing influence in Latin America, raising economic opportunities and local concerns.