Economy

U.S. President Donald Trump downplayed growing concerns about a potential economic recession, expressing confidence in the strength of the American economy despite the sharp decline in Wall Street markets. Speaking to reporters at the White House, Trump stated that he sees no signs of an impending recession, emphasizing that market …

In a recent economic report, the International Monetary Fund (IMF) has projected that South Sudan will achieve the fastest economic growth globally, with a 27.2% GDP increase in 2025. This remarkable surge places the young nation at the forefront of the world’s fastest-growing economies, surpassing many other emerging markets. Key …

A recent report by the Stockholm International Peace Research Institute (SIPRI) revealed that Morocco ranked 31st globally among the largest arms importers between 2015 and 2024. Meanwhile, Algeria secured the 21st position in the same period, highlighting the ongoing regional arms race. Morocco’s Growing Arms Imports Over the past decade, …

Jordan’s Pharmaceutical Exports Grow by 14.8% in 2024 Jordan’s pharmaceutical exports witnessed a notable increase of 14.8% in 2024, overcoming the challenges faced by supply chains in the region. These challenges were exacerbated by the negative impacts of the Israeli aggression on the Gaza Strip. According to Dr. Fadi Al-Atrash, …

Oil Prices Rise Due to Sanctions on Iran and Russia Oil prices changed course, rising in the latest trading due to sanctions imposed on Iran and Russia. Oil prices started the day by declining due to growing concerns about the impact of U.S. tariffs and increased production from the OPEC+ …

China Extends Deadline for Pakistan’s $2 Billion Loan in a New Effort to Support its Struggling Economy China has once again extended the deadline for repaying a $2 billion loan to Pakistan, a new step aimed at supporting the country’s ailing economy. This move comes as Islamabad seeks additional assistance …

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the approval of the National Investment Strategy for the next six years, aiming to boost the inflow of foreign direct investments into the country, according to a post on his X …

Saudi GDP Growth of 1.3% in 2024: Non-Oil Sectors Drive Expansion According to the 2024 Gross Domestic Product (GDP) report and National Accounts Indicators issued by the General Authority for Statistics, Saudi Arabia’s real GDP grew by 1.3% in 2024 compared to the previous year. Non-oil sectors and government activities …

Growth of the Real Estate Sector in Saudi Arabia: Balancing Ambitious Projects with Economic Stability The real estate sector in Saudi Arabia is experiencing significant growth, driven by ambitious development projects, increased foreign investments, and government initiatives. While this expansion holds promising opportunities, legislative bodies must proceed with caution to …

Investment Opportunities in Renewable Energy in Africa: Growing Potential Despite Challenges Africa is endowed with rich natural resources that could position it as a global leader in renewable energy. However, the lack of sufficient investment continues to pose a significant obstacle. A Golden Opportunity for Renewable Energy Investment by 2030 …