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
2024/12/17
Honda and Nissan Plan Merger to Strengthen Electric Vehicle Competitiveness
Honda and Nissan are in talks to merge, potentially including Mitsubishi, to enhance competitiveness in the electric vehicle market.
Morocco's Unemployment Hits 21.3% Amid Slowing Population Growth
Morocco's unemployment rate has reached 21.3%, according to the 2024 census, while the country faces a slowing population growth and an aging demographic.
Russia's Deposit Rates Hit Historical Highs at 22.08% Amid Inflation Fight
The average maximum deposit rate in Russia has reached 22.08% per annum, the highest on record, as banks respond to aggressive monetary policy aimed at combating inflation.
INSEE Forecasts Rising Unemployment and Sluggish Growth for 2025
INSEE projects a rise in unemployment to 7.6% and sluggish GDP growth of 0.2% for early 2025, citing structural issues in job creation and economic uncertainty.
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.
Dubai Financial Market Surges as Christmas Rally Hopes Rise
The Dubai Financial Market has surpassed 5,000 points for the first time since 2014, coinciding with renewed hopes for a Christmas rally in global financial markets.
Russia's State Duma Proposes Ban on Gifting Alcohol with Heavy Fines
The State Duma in Russia has proposed a bill to ban the gifting of alcohol, imposing fines up to 100,000 rubles for violations, as part of a broader effort to reduce alcohol consumption in the country.
Syria's Central Bank Sets Lira at 12,500 to Dollar Amid Economic Transition
The Central Bank of Syria has set the exchange rate at 12,500 liras to the dollar, marking a significant economic shift following the overthrow of Bashar al-Assad.
Construction and Automotive Industries Face Major Job Losses Amid Economic Struggles
The construction industry in France is projected to lose 100,000 jobs in 2024 due to a decline in new housing projects, while automotive supplier Webasto faces financial turmoil, potentially leading to further job cuts.
Opel Frontera Electric Launch Amid Rising Electric Vehicle Thefts
Opel has introduced the Frontera Electric SUV, priced under 30,000 euros, while reports of electric vehicle thefts, particularly targeting Geely models, are rising in Israel.
China Targets Record Budget Deficit to Stimulate Economy in 2025
China has set a record budget deficit target of 4% of GDP for 2025, aiming to stimulate economic growth amid challenges such as trade protectionism and a property crisis.
Trump Announces $100 Billion SoftBank Investment to Boost U.S. Economy
US President-elect Donald Trump has announced that Japan's SoftBank Group will invest $100 billion in the United States over the next four years, creating 100,000 jobs in the artificial intelligence sector.
China Faces Economic Challenges as Deflation Threatens Growth
China is confronting a deflationary cycle that poses significant risks to its economy, prompting government measures to stimulate growth amid fears of a long-term recession.
Major Crypto Scam Operation in Lagos Leads to Arrests of 792 Suspects
Nigerian police have arrested 792 suspects, including foreign nationals, in a major crackdown on a cryptocurrency scam operation in Lagos.
Study Reveals Most Eco-Friendly Electric Cars Amid Rising Theft Concerns
A new study identifies the BYD Dolphin as the most environmentally friendly electric car, while rising thefts of electric vehicles, particularly Geely models, raise security concerns among owners.