Economy

Virgin Group Plans to Raise £700 Million to Compete with Eurostar in the Rail Market Virgin Group, owned by British billionaire Richard Branson, plans to raise £700 million (approximately $900 million) to fund its attempt to launch high-speed rail services to compete with Eurostar. The company announced it intends to …

The global halal food industry has witnessed significant expansion in recent years, establishing itself as one of the fastest-growing food sectors. This surge is fueled by rising consumer demand for high-quality, certified halal products. Increasing Demand for Halal Products Worldwide Recent reports indicate that the global halal food market has …

U.S. President Donald Trump announced a temporary suspension of tariffs, stating that the decision was made in favor of American auto manufacturers. In remarks made on Sunday, Trump added, “I believe Ukrainian President Zelensky will return soon and sign the metals agreement.” Temporary Exemption and Willingness for Further Concessions Last …

Verona Smith: The Key to Financial Success is Making Your Money Work for You U.S. financial consultant Verona Smith emphasizes that learning how to make your money work for you is the most crucial financial skill to master in order to achieve wealth and financial freedom. In a post on …

Saudi Electrical Industries Company Announces Cash Dividend Distribution for H2 2024 Saudi Electrical Industries Company has announced that its Board of Directors has decided to distribute cash dividends to shareholders for the second half of 2024, in line with the company’s three-year dividend distribution policy approved by the General Assembly …

In a significant diplomatic achievement, Morocco has been re-elected to the Executive Council of the Organization for the Prohibition of Chemical Weapons (OPCW), reflecting global recognition of its commitment to international peace and security. The OPCW officially announced Morocco’s re-election to its Executive Council, highlighting the country’s active role in …

Chinese Investors Inject Millions of Dollars into Elon Musk’s Private Companies Amid Tensions Chinese investors have poured tens of millions of dollars into private companies controlled by American billionaire Elon Musk, using arrangements that conceal their identities, according to the Financial Times on Sunday. The newspaper, quoting asset managers and …

US Secretary of State Marco Rubio to Visit Saudi Arabia for Talks with Ukrainian Officials US Secretary of State Marco Rubio is scheduled to visit Saudi Arabia from March 10 to 12, 2025, for discussions with Ukrainian officials, according to the US State Department. Tammy Bruce, the spokesperson for the …

Trump Announces Tariffs on Lumber Imports: Potential Economic and Diplomatic Impacts Last week, U.S. President Donald Trump announced his intention to impose tariffs on lumber imports, citing several reasons related to protecting the U.S. economy and ensuring fair competition. This decision targets key countries that export lumber to the United …

The national economy has seen significant improvement in recent months. This improvement is attributed to the increase in foreign direct investments, which have contributed to boosting productivity and providing job opportunities. In the industrial sector, both local and foreign companies have made significant progress. The manufacturing industries have achieved an …