Economy

The UK and India finalized a bilateral trade agreement expected to boost annual trade by £25.5 billion by 2040, BBC reported. Announced on Tuesday after three years of talks, the deal eliminates tariffs on key exports: Indian clothing/footwear (currently up…

Anadolu Agency published an article featuring the following data on Global Military Spending in 2024. According to the source, global military spending reached an unprecedented [$2.718 trillion] in 2024, reflecting a 9.4% year-on-year increase—the steepest surge since the Cold War.…

The global Islamic finance industry is projected to maintain positive growth in 2025, driven by strong sukuk performance and GCC reforms, The Peninsula reported citing S&P Global Ratings. Qatar solidifies its leadership role through robust regulations and fintech innovation, with…

Rising demand for clean energy technologies is driving a surge in critical minerals, with global demand expected to triple by 2040, Anadolu Agency revealed citing the International Energy Agency’s (IEA) Global Critical Minerals Outlook report. These minerals—lithium, nickel, cobalt, graphite,…

The global halal packaging market is on track to surpass USD 705 billion in 2025, driven by an 8.91% compound annual growth rate (CAGR), Open PR reported. Valued at USD 647.70 billion in 2024, the market is fueled by rising…

The OECD projects global GDP growth to decline from 3.2% in 2024 to 3.1% in 2025 and 3% in 2026, Xinhua reported. This downward revision is attributed to “higher trade barriers” in G20 economies and increased geopolitical uncertainty affecting investment…

The global halal food and beverage market was valued at approximately $2.3 trillion in 2022 and is expected to reach around $7.5 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 12.4% from 2023 to 2032, a report…

A recent study published in Nature Food warns that climate change could jeopardize up to a third of global food production, Anadolu Agency reported. Researchers from Aalto University, Finland, analyzed the effects of rising temperatures, altered precipitation, and increasing aridity…

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…