Economy

The International Labour Organisation (ILO) has reduced its global employment growth projections for 2025, reflecting broader economic challenges, Dawn E-Paper reported. The adjustment follows similar downward revisions in global GDP estimates by major financial institutions. The latest World Employment and…

The euro is increasingly being eyed as a potential contender to the US dollar’s long-standing role as the world’s leading reserve currency. However, experts suggest that significant challenges within the eurozone’s financial structure must be overcome for this to become…

Islamic finance assets grew by 10% annually in recent years, nearing $4 trillion, as ethical finance principles attract both Muslim and non-Muslim investors, an article by Halal Times reported. This growth has created a surge in demand for professionals with…

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…