Economy

According to a recent report by The Business Research Company, the halal food market is projected to grow from $1,727.74 billion in 2024 to $1,995.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.5%, Whatech.com reported. This…

The Halal Food Market is projected to grow significantly, reaching approximately USD 3,739 billion by 2033, up from USD 1,305 billion in 2023, with a compound annual growth rate (CAGR) of 11.1%, Newswires reported. The Asia Pacific region leads the…

Tanzania welcomed 5.36 million tourists in 2024, surpassing its target of 5 million by 2025, according to Pindi Chana, the Minister for Natural Resources and Tourism. Speaking at a meeting in Dar es Salaam, Chana revealed that 3.22 million of…

The price of Bitcoin surged past $109,000 on Monday, marking an all-time high, Anadolu Agency reported. Over the past 24 hours, the largest cryptocurrency experienced a low of $99,400 and a peak of $109,110. Prior to the US elections in…

Layoffs in the technology sector decreased significantly in 2024, with approximately 152,000 workers laid off, a 42% reduction from the previous year, according to data from Layoffs.fyi compiled by Anadolu Agency. In total, 549 tech firms worldwide implemented job cuts…

The global halal food market is expected to grow significantly, from $2.67 trillion in 2024 to $5.96 trillion by 2033, Yahoo Finance reported. This trend reflects a compound annual growth rate (CAGR) of 9.33% from 2025 to 2033, according to…

The World Bank announced on Friday, December 6, a groundbreaking initiative to support the world’s poorest nations, raising nearly $24 billion to generate a total of $100 billion in loans and grants, Al Jazeera reported yesterday. This funding will benefit…

A new World Bank report reveals that the 26 poorest countries, home to 40% of the world’s most impoverished people, are experiencing unprecedented debt levels, with an average debt-to-GDP ratio of 72%, the highest in 18 years, Arab News reported…

According to the World Intellectual Property Organization (WIPO), Switzerland, Sweden, the US, Singapore, and Britain possess the world’s most innovative economies, Anadolu Agency reported yesterday. Meanwhile, Türkiye, China, India, Vietnam, and the Philippines are recognized as the fastest climbers over…

As world leaders convene for the United Nations General Assembly in New York, Oxfam has issued a stark warning about a “global oligarchy” of super-rich individuals wielding excessive control over the global economy, VOA reported in an article yesterday. The…