Algerian Finance Minister Laaziz Faid announced on Monday a projected economic growth rate of 4.5 percent for 2025, as part of the presentation of the budget bill to the National People’s Assembly,…
Category: Economics
Digital transformation a priority for north Cyprus, says official
Tahsin Ertuğruloğlu, the official responsible for foreign affairs in north Cyprus, participated in the 40th Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation…
World Urban Forum (WUF12) kicks off in New Cairo
The 12th session of the World Urban Forum (WUF12) kicked off on Monday in New Cairo, Egypt, marking the forum’s first return to Africa in more than two decades. Addressing the opening…
Türkiye’s annual inflation rate eased to 48.58 percent in October
Türkiye’s annual inflation rate eased to 48.58 percent in October, according to data released by the Turkish Statistical Institute on Monday. The consumer price index (CPI) rose by 2.88 percent on a…
2024 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) opens
The 2024 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), a premier oil and gas industry event, kicked off on Monday, highlighting the themes of artificial intelligence (AI) and sustainable energy transition….
Egypt’s priority is to combat inflation, Sisi tells IMF boss
Egyptian President Abdel-Fattah al-Sisi met on Sunday with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva in Cairo, where they discussed the country’s economic reform program amid the ongoing regional…
OPEC+ oil-producing group to continue output cuts
Eight member countries of the OPEC+ oil-producing group announced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to…
US election: what a Trump victory would mean for the rest of the world
According to the United Nations 2024 is “the biggest election year in human history” with half of the world’s population – some 3.7 billion people in 72 countries – able to vote. Yet some…
Labour’s first budget: redistribution away from the rich after over a decade of Conservative rule
Labour’s first budget in 14 years appears to have avoided the Halloween nightmares that many predicted. Yes, the overall tax burden is at its highest level since 1948, but this budget’s tax and spend distribution is…
Canada’s real gross domestic product (GDP) unchanged in August
Canada’s real gross domestic product (GDP) was essentially unchanged in August, following a 0.1 percent increase in July, Statistics Canada said Thursday. The manufacturing sector was the largest detractor to growth in…