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
2024/12/12
Trump's Promise to Lower Food Prices Faces Significant Challenges
President-elect Donald Trump claims food prices will soon be more affordable, but experts warn of significant challenges ahead due to supply chain issues and proposed immigration policies.
Russia's State Duma Rejects Bill to Make December 31 a Holiday
The State Duma has rejected a proposal to designate December 31 as a non-working holiday, a decision that reflects ongoing discussions about labor rights and holiday regulations in Russia.
2025 Challenges Loom for German Automakers Amid EV Push
German automakers face significant challenges in 2025 due to tightening emissions regulations and declining profit margins, prompting the government to introduce financial incentives to boost electric vehicle sales.
Syria's Currency Change: Challenges and Implications
Calls for a new currency in Syria are rising as the country faces economic instability and the potential fall of the Assad regime. The complexities of currency replacement involve financial stability, regulatory measures, and public communication.
Mexico City Airport Fee to Rise 2.5% in 2025: Impact on Travelers
The Airport Use Fee at Mexico City International Airport will increase by 2.5% for domestic flights and 2.6% for international flights in 2025, impacting ticket prices and raising concerns among travelers and airlines.
Jordan to Resume Exports to Syria Amid Security Concerns
Jordan is set to resume exports to Syria early next week after a temporary closure of the Jaber-Nassib crossing due to security issues.
Syria Embraces Market Economy and Prepares for Airport Reopening
Syria is transitioning to a market economy, welcoming investments for reconstruction, while preparing to reopen Damascus International Airport.
EU Struggles to Reduce Russian Energy Dependence Amid New Sanctions
The EU faces challenges in reducing its reliance on Russian energy, with rising LNG imports and resistance from member states, while Russia claims economic recovery amidst new sanctions.
Qatar's Emir Approves 2025 General Budget with Focus on Stability and Growth
The Emir of Qatar has approved the 2025 general budget, projecting revenues of 197 billion Qatari riyals, with a focus on economic stability and strategic sector investments.
ECB Cuts Rates as South Korea Faces Economic Challenges
The European Central Bank has cut interest rates to 3% to support economic growth amid declining forecasts, while South Korea's GDP growth projection has been lowered due to domestic and international pressures.
ECB Cuts Interest Rates to 3% as Inflation Eases in Europe
The European Central Bank has cut its interest rates by 0.25 percentage points to 3%, marking the fourth cut this year as inflation slows across Europe.
Russia Announces 7.3% Pension Indexation for Working Pensioners in 2025
Starting January 1, 2025, Russia will index pensions for working pensioners by 7.3%, marking the first increase since 2016.
Legal Showdown in France: Espionage and Corporate Ethics Unveiled
A legal confrontation in Paris reveals espionage and ethical dilemmas involving billionaire Bernard Arnault, filmmaker Francois Ruffin, and former intelligence chief Bernard Squarcini.
Gold Prices Expected to Rise in 2025 Amid Geopolitical Tensions
Gold prices are projected to rise in 2025 due to geopolitical tensions, with an average price of $2,760 per ounce, while other commodities face a less optimistic outlook.
Khunjerab Pass Opens Year-Round, Boosting China-Pakistan Trade
The Khunjerab Pass between China and Pakistan will operate year-round for the first time, enhancing trade and economic ties between the two countries.
Morocco to Launch Electric Train and Car Battery Industry
Morocco plans to establish a local electric train and car battery industry, investing 87 billion dirhams in the railway sector and partnering with Goushen Hi-Tech for battery production.
Switzerland Freezes Syrian Assets: $112 Million in Banks
The Swiss Ministry of Economy has frozen approximately $112 million in Syrian assets due to sanctions against Bashar al-Assad's regime, clarifying that none of these funds belong to Assad.
Urgent Calls from Farmers: FNSEA Considers Mobilization as Individual Struggles Persist
The FNSEA is contemplating a new mobilization of farmers due to ongoing frustrations with political inaction, while individual farmer Wast B. faces uncertainty after his marriage ends.
Russia Allocates 18.4 Billion Rubles to Boost Domestic Auto Industry
The Russian government is set to allocate 18.4 billion rubles to support domestic car manufacturers and buyers, with a focus on preferential loan programs to enhance accessibility for citizens and stimulate the auto market.