Economy

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Tel Aviv leads mass emigration in 2024

Highlights from Sheikh Naim Qassem's speech

What the bodies of Gaza's children endured before they died from cold

Israelis not satisfied with Netanyahu’s government

Yemen uncovers CIA, Mossad spy network, arrests agents

'Israel's' Gaza attacks fueling Islamophobia across Europe: Report

Lebanon warns: Boycott Waze; fueling Israeli interests

'We just do what the Israelis want us to do': Why former US official resigned over Gaza war

Israeli settlers cross border into Lebanon, claim area for settlement

John Mearsheimer on Syria’s future

Economy

7 Jan

Qatar dismisses rumors of gas exports to Europe via Syria, Turkiye

The Qatari Foreign Ministry spokesperson says Doha's priority remains maintaining stability in Syria and addressing the needs of its people.

7 Jan

Saudi Arabia plans further borrowing spree to pay for projects

7 Jan

US corporate bankruptcies hit 14-year high amid inflation, weak demand

7 Jan

Qatar intends to support Syrian government wage increases: Reuters

7 Jan

Bread subsidies to be lifted within 2 months: Syrian Trade Minister

6 Jan

Indonesia becomes full member of BRICS, Brazil announces

6 Jan

'Israel' faces strain as CB holds rates, Northern evacuees in limbo

5 Jan

Syria announces 400% pay hike for public sector employees amid reforms

4 Jan

Germany's faces longest post-war recession, report finds

Bread subsidies to be lifted within 2 months: Syrian Trade Minister

Syria's Minister of Internal Trade and Consumer Protection confirmed that the country's current wheat reserves are sufficient to meet its needs for the next five months.

Indonesia becomes full member of BRICS, Brazil announces

The decision to approve Indonesia's membership was made by consensus among the member states during the 2023 BRICS summit in Johannesburg.

'Israel' faces strain as CB holds rates, Northern evacuees in limbo

According to Bloomberg, 13 out of 14 analysts surveyed expected the central bank to leave rates unchanged, with one predicting a modest rate cut of 25 basis points.

Syria announces 400% pay hike for public sector employees amid reforms

The salary adjustment follows a thorough review of the public sector workforce, which includes around 1.3 million employees.

Germany's faces longest post-war recession, report finds

The Federal Statistical Office is expected to confirm the contraction for 2024 when it releases official data on January 15.

Euro falls to two-year low against dollar

The euro has dropped to its lowest level against the US dollar in nearly two years, reaching EUR/USD 1.03, amid Germany's economic stagnation and an ongoing EU-wide energy crisis.

China imposes trade restrictions on dozens of US firms

The companies singled out include major US defense manufacturers such as Raytheon Missile Systems, Boeing Defense, Space and Security, and Lockheed Martin Missiles and Fire Control.

European gas prices surge after Russian flow disruption: Bloomberg

The loss of flows through Ukraine will increase Europe’s dependence on liquefied natural gas (LNG), including Russian shipments.

Venezuela economy grew over 9% in 2024: Maduro

US and Western sanctions have suffocated Venezuela's economy for years, with triple-digit inflation and millions of Venezuelans emigrating overseas.

Nippon Steel offers US veto power in bid for US Steel approval

If President Joe Biden does not approve the merger before he leaves office, the deal will automatically happen.

How 'Israel's' genocide shattered Gaza, West Bank economies: Report

The West Bank and Gaza have been facing a year marred by economic reductions and devastation, primarily due to the Israeli aggression on both.

Global corporate debt hits record $8Tln in 2024: FT

According to data from LSEG, corporate bond and leveraged loan issuance grew by over 33% from last year, reaching $7.93 trillion.

South Korea economy in shambles after martial law fiasco

The South Korean economy is suffering as people lose faith in the won following the crisis that afflicted the country.

Turkiye seeks involvement in revitalizing Syria's oil, gas sector

Amid Syria's transitional period and unclear political future, Turkey is rushing to play a role in what is described as the "revival" of Syria's oil and gas infrastructure.

Canadian foreign, finance ministers to meet Trump team on tariffs

The ministers will brief Trump's team on Canada's new CAN$1-billion ($694 million) border security plan, devised in response to the tariff threat.

Iraq plans to cut gas flaring to 20% in 2025

Along with Russia, Iran, and the United States, Iraq has the highest gas flaring rates, a technique that wastes fuel rather than collecting it and using it in sectors such as electricity generation.

EV sales in China to overtake traditional cars ahead of the West: FT

Sales of traditional gasoline-powered cars in China are expected to drop by more than 10% next year, falling below 11 million, a nearly 30% decline from 14.8 million in 2022.

Ukraine imposes export bans, quotas amid trade challenge

Analysts view these steps as part of Ukraine's broader strategy to ensure domestic supply while fulfilling international trade commitments.

Biden set to sign government funding bill, averting shutdown

The Democratic-controlled US Senate passes a bipartisan plan to prevent the first federal government shutdown since 2019.

VW deal with union entails 35,000 future job cuts, capacity reductions

Volkswagen and work unions agreed to 35,000 future job cuts to ensure the continuity of several sites and protect wages.

US expands sanctions on tankers, vessels over Iranian oil trade

Nine vessels and eight companies have been added to the sanctions list following actions by both the US State Department and the Treasury Department.

Trump rejects bill, leaving congress 2 days to avert shutdown

The US government has had a spending deficit for over two decades, with growing debt now at $36 trillion.

Biden advocates for stock trading ban for Congress members

Earlier in his presidency, Biden refrained from taking a stance on congressional stock ownership, an issue that sparked significant controversy when lawmakers profited during the COVID pandemic.

Quarter of Israelis grapple with poverty as war continues: Report

An Israeli report examines the socioeconomic repercussions of the war on Gaza, revealing that millions of Israeli settlers have been suffering of increased rates of poverty and economic challenges.