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
2024/11/5
Trump's Wealth Surges to $610 Million Amid Election Campaign
Donald Trump's wealth has surged to $610 million as his media company's stock rises amid increasing bets on his election victory.
Schaeffler Cuts 4,700 Jobs Amid Auto Industry Challenges
Schaeffler, a major German automotive supplier, announces the elimination of 4,700 jobs across Europe, primarily in Germany, as part of a restructuring plan in response to the ongoing automotive industry crisis.
Türkiye Strengthens Economic Ties with Africa Amid Growing Investments
Turkey is enhancing its economic presence in Africa through significant investments and trade relations, with a focus on strategic partnerships and addressing challenges in the region.
Nvidia Chip Lending Spree: Wall Street's $11 Billion Bet on AI
Wall Street has entered an $11 billion lending spree for companies in the AI sector, relying heavily on Nvidia chips as collateral, raising concerns about market vulnerabilities.
Auchan Implements Major Job Cuts and Store Closures Amid Financial Struggles
Auchan has announced significant job cuts and store closures as part of a restructuring plan to address financial losses and adapt to changing retail dynamics.
Schaeffler and Auchan Announce Major Job Cuts Amid Economic Pressures
Schaeffler and Auchan are implementing significant job cuts due to economic challenges, affecting thousands of employees across Europe.
Boeing Workers Ratify Agreement, Ending Costly Strike
Boeing workers have ratified a new agreement, ending a seven-week strike that cost the company over $10 billion, with a 38% wage increase and improved benefits.
Russia to Increase Maternity Capital and Social Benefits in 2025
Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.