Economy

Ursula von der Leyen Unveils a Five-Step Plan to Fund Defense Investments in the EU European Commission President Ursula von der Leyen has shared details of a five-step plan aimed at increasing defense funding across the European Union. The plan seeks to give member states more financial flexibility, allowing them …

Egypt Announces Plan to Transfer State-Owned Companies to the Sovereign Wealth Fund: A Strategic Move or Just Administrative Reorganization? The Egyptian government has announced a comprehensive plan to transfer the management of all state-owned companies to the Egyptian Sovereign Wealth Fund, with the aim of maximizing the return on state …

Nikkei Index Hits 6-Month Low Due to Tech Stock Declines and Yen Appreciation The Japanese Nikkei index saw a sharp drop of 2.17% at the close of Friday’s trading, finishing at 36,887.17 points, its lowest level since September 18th. The index also reached 36,813.62 points during the session, marking its …

Dollar Declines as Investors Await Job Data Amid Economic Growth Concerns The dollar experienced a decline in early Friday trading, approaching its lowest level in four months, due to growing uncertainty about the outlook for the U.S. economy amid ongoing changes in tariff policies. This drop has led investors to …

Morocco Approves Green Hydrogen Projects Worth $32.5 Billion A Moroccan government committee has approved several green hydrogen projects aimed at producing ammonia, steel, and industrial fuels, with a total investment of 319 billion dirhams (approximately $32.5 billion). In a statement issued Thursday evening, the Prime Minister’s office announced that the …

Chinese Commerce Minister: China Will Not Surrender to Bullying, Economy Capable of Facing Trade Challenges On Thursday, Chinese Commerce Minister Wang Wentao stated that China will not “surrender to bullying” and that its economy is capable of handling the challenges, including the new tariffs imposed by U.S. President Donald Trump. …

Trump Hints at Possible Extension for TikTok Sale Deadline On Thursday, U.S. President Donald Trump said that it is “likely” he will extend the deadline for TikTok’s sale if no deal is reached by the specified time. Trump had issued an executive order in January extending the deadline for TikTok …

Eurozone Economy Surpasses Expectations in 2024 Driven by Consumer Spending and Investments The Eurozone economy grew by more than initial expectations at the end of 2024, with a growth rate of 0.9%, surpassing the previously estimated 0.7%. This growth is attributed to increased consumer spending and business investments, at a …

World Bank Estimates Lebanon’s Reconstruction and Recovery Needs at $11 Billion After Conflict The World Bank has estimated Lebanon’s needs for reconstruction and recovery following the recent conflict at around $11 billion, according to the Rapid Damage and Needs Assessment (RDNA) report for Lebanon in 2025. The report, which covers …

Enhancing Economic Cooperation Between the United States and Israel in a Meeting Between the U.S. Treasury Secretary and Israeli Finance Minister The U.S. Treasury Department announced that Treasury Secretary Scott Pisin met with Israeli Finance Minister Bezalel Smotrich on Wednesday, where they agreed to enhance dialogue and cooperation between the …