Economy

The energy sector in Iraq suffers from a double whammy, represented by unstable growth in demand, coupled with a lack of investment and a lack of reforms in generation, transmission and distribution. This resulted in a growing mismatch between supply and demand. Although some progress has been made in expanding power generation capacity in the …

Iraq annually loses about 40 billion dollars due to a lack of energy production Read More »

The Irish Data Protection Commissioner (DPC) has fined Meta – Facebook’s parent company – €1.2 billion or about $1.3 billion for violating the General Data Protection Regulation (GDPR) on the Facebook platform. Now, 7 of the top 10 fines for GDPR violations are attributed to the company of billionaire Mark Zuckerberg. In addition, Meta is …

The largest 10 fines in the history of technology companies .. 7 of which belong to “Facebook” Read More »

Fitch Ratings has placed the United States’ AAA rating on negative watch, in preparation for a possible downgrade if no deal is reached to raise the debt ceiling before the US Treasury runs out of funds. In a similar scenario in 2011 during protracted negotiations over the US debt ceiling, S&P actually downgraded the US …

What happened after the credit rating downgrade of the United States in 2011? Read More »

Special Iraqi Oil Minister: Aramco will develop a gas field to produce 400 million cubic meters per day

The Saudi Minister of Investment, Khaled Al-Falih, announced the launch of the Saudi-Iraqi Investment Company, with a capital of $3 billion. Al-Falih said in statements to Al-Arabiya and Al-Hadath TV channels, on the sidelines of the Saudi-Iraqi Coordination Council meeting, that $1.5 billion has been allocated to the Saudi Fund for Development to support development …

Al-Falih to Arabic: The Saudi Development Fund will pump 1.5 billion dollars into Iraq Read More »

Saudi Minister of Commerce Majid Al-Qasabi said that there are opportunities for cooperation between Iraq and the Kingdom, especially in the field of electrical interconnection, logistics services and investments. Al-Qasabi added, in statements to Al-Arabiya, on the sidelines of the Saudi-Iraqi Coordination Council meeting, that the volume of inter-trade between Saudi Arabia and Iraq amounted …

Saudi Minister of Trade for Arabia: Opportunities for cooperation with Iraq in the field of electricity and logistics Read More »

Net immigration in the UK hit a record 606,000 in 2022, despite government pledges to reduce this number. Data released Thursday by the country’s National Statistics Office showed that 925,000 of the long-stay expats were from non-EU nationals, while 151,000 were from the EU and 88,000 from the British. The total number of UK migrants …

Immigration to Britain is at a record high, despite government pledges to reduce numbers Read More »

Goldman Sachs believes that artificial intelligence can help drive the profits of S&P 500 companies in the next ten years. The Wall Street giant said: “Over the next 10 years, artificial intelligence could increase productivity by 1.5% annually. This could increase the profits of S&P 500 companies by 30% or more over the next decade, …

How will artificial intelligence affect corporate profitability? Read More »

Vice Chairman and CEO of Dima Capital, Hossam Nasser Al-Muzayel, said that the world is going through an unprecedented state of huge changes, whether on the economic or political levels, and this had a significant negative impact on the real estate market, especially with inflation that almost got out of control at times. precedent. He …

“Dimah Capital” for Arabic: The current time is the most appropriate to seize real estate in America and Britain Read More »

The consultant for the development of tourism events and destinations in Saudi Arabia, Imad Manshi, revealed in an interview with Al-Arabiya that the tourism industry in Saudi Arabia aims to create about 3 million new jobs. Manshi said that the percentage of localization in the Saudi tourism sector increased from 28% to 43%, and we …

The Saudi tourism industry aims to create 3 million new jobs Read More »