European Auto Industry Faces Bankruptcy and Job Cuts Amid Crisis
The European auto industry is facing a severe crisis leading to significant job cuts and bankruptcies among suppliers, including the historic Gerhardy Kunsthoftechnik.
Controlling Inflation in Post-Conflict Syria: Strategies and Challenges
Following the fall of the Assad regime, Syria is implementing strategies to control inflation and stabilize the economy, with initial signs of improvement in currency value and goods prices.
Syria Sets New Fuel Prices Amid Economic Challenges
The Syrian government has announced new fuel and gas prices to stabilize the market, with gasoline priced at $1.16 per liter and diesel at approximately $1. The Central Bank has also lifted withdrawal limits to promote electronic payments.
Stock Chain Acquires Toys R Us and Red Pirate in Major Toy Market Move
The Stock chain has acquired Toys R Us and The Red Pirate for 55 million shekels, aiming to reshape the Israeli toy market with lower prices and expanded operations.
Syria's New Administration Cancels Fees to Boost Economy
The new Syrian administration has canceled over ten customs fees imposed by the Assad regime, aiming to alleviate the economic burden on citizens and improve the importation of goods.
Javier Milei Proposes Nuclear Energy Expansion to Meet AI Demand in Argentina
Argentine President Javier Milei has announced plans to expand nuclear energy capabilities to meet the energy demands of artificial intelligence, proposing a fourth nuclear power plant and the development of small modular reactors.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Lawyer Warns of SNILS Misuse in Fraudulent Activities
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
2024/11/3
Volkswagen CEO Outlines Austerity Measures Amid Profit Challenges
Volkswagen CEO Oliver Blume announced strict austerity measures to combat rising costs and declining profits, including potential factory closures and layoffs in Germany.
Sudan Receives Over $300 Million in Grants from World Bank
Sudan will receive over $300 million in grants from the World Bank, to be disbursed through UNICEF and the World Food Programme, as part of efforts to support the country's economic recovery.
IMF Begins Fourth Review of Egypt's $8 Billion Lending Program
The IMF has initiated the fourth review of its $8 billion lending program with Egypt, following calls from President Sisi for adjustments amid rising economic pressures and regional tensions.
Boycott Against Companies Supporting Israel Intensifies, Financial Losses Mount
The ongoing boycott against companies perceived as supporting Israel due to the Gaza conflict has led to significant financial losses for major brands like Starbucks, Americana Restaurants, McDonald's, Coca-Cola, and PepsiCo.
Saudi Sovereign Fund to Acquire $2 Billion Stake in MBC Group
Saudi MBC Group announces the sale of a 54% stake to the Saudi Public Investment Fund for $2 billion, significantly impacting the media landscape.
Dollar's Surge Linked to Trump Election Prospects
The dollar's significant rise in October is closely tied to expectations surrounding the upcoming US presidential election, with analysts predicting that a Trump victory could lead to higher inflation and sustained interest rates.
TGI Friday's Files for Bankruptcy to Restructure Debt
TGI Friday's has filed for Chapter 11 bankruptcy to restructure its debts and ensure the brand's long-term viability, citing the impact of the COVID-19 pandemic.
Why Gold Prices are Rising in Iraqi Markets Amid Economic Uncertainty
Gold prices in Iraq have surged to 585,000 dinars per mithqal, prompting discussions on investment amidst regional instability.