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
2024/9/6
Eastern Economic Forum 2024: Russia Secures 5.5 Trillion Rubles in Agreements Amidst Growing Asian Interest
Explore the highlights of the Eastern Economic Forum 2024, where Russia signed a record 5.5 trillion rubles in agreements. Discover the growing interest from Asian countries and the strategic importance of the Far East in the global economy.
China Challenges Canada’s 100% Tariff on Electric Vehicles: A New Trade War Erupts
China has lodged a complaint with the WTO against Canada's 100% tariffs on electric vehicles, marking a significant escalation in trade tensions. Discover the implications for global supply chains and the automotive industry.
Turkey's Bold Economic Strategy: Aiming for Single-Digit Inflation and Sustainable Growth by 2027
Discover Turkey's ambitious economic program for 2025-2027, targeting single-digit inflation and sustainable growth. Learn about the government's strategies to enhance financial stability and improve overall well-being.
Supermarkets Innovate: Argentina’s Changomas and Germany’s Delfo Transform Grocery Shopping
Explore how Changomas in Argentina and Delfo in Germany are transforming the supermarket experience through innovative marketing strategies and a focus on frozen gourmet food, amidst challenging economic conditions.
Egypt Faces Energy Crisis: Domestic Gas Production Hits 6-Year Low as LNG Shipments Increase
Egypt's domestic gas production has fallen to a six-year low, prompting the country to secure 20 LNG shipments to meet winter demand. As energy consumption is projected to rise, the shift from gas exporter to net importer raises concerns about the country's energy strategy.
US Economy Faces Labor Market Challenges: 142,000 Jobs Added in August Amid Rate Cut Speculations
The US economy added 142,000 jobs in August, falling short of expectations, while the unemployment rate decreased to 4.2%. As the labor market cools, the Federal Reserve faces pressure to cut interest rates to avert a recession. Explore the implications of these trends on the economy.
Germany and France Face Industrial Production Declines Amid Auto Sector Struggles
Discover the latest insights into Germany and France's industrial output declines, particularly in the automotive sector, and the implications for foreign trade and manufacturing.
Volkswagen's Cost-Cutting Crisis and Climate Catastrophe in the Sahel: A Dual Challenge
Explore Volkswagen's ongoing crisis as it implements drastic cost-cutting measures amidst declining sales and the devastating impact of climate change in the Sahel region, leading to floods and loss of life. Understand the dual challenges facing these sectors.
Jordan's Renewable Energy Investors Rally Against Controversial New Law: A Call for Change
Protesters in Jordan are demanding the government retract a new energy law that threatens the renewable energy sector. With over 20,000 jobs at stake, the law has sparked widespread protests and concerns about rising electricity costs for citizens.
Retail Sales Surge 0.5% in July Amid Inflation Projections of 3.9% for August
Discover how retail sales rebounded by 0.5% in July, while inflation forecasts for August indicate a rate of 3.9%. Explore the implications for GDP and unemployment as the economy navigates through these changes.