Exhibition City Completes About 80% of Preparations for the Damascus International Fair Launch
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The Bank of Algeria cut the interest rate to 2.75% and reduced the mandatory reserve ratio from 3% to 2% to support liquidity and investment financing. Inflation fell to 3.14% annually in July 2025, and economic growth reached 4.5% in Q1 2025 driven by a recovery in non-oil sectors.
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Algeria is preparing to sign over 20 agreements during the African Trade Expo in Algiers in September 2024, with intra-African trade expected to reach $170 billion in the same year.
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US Treasury Secretary Scott Beisent will start interviews on Friday to select a candidate for Federal Reserve Chair, with 11 prominent candidates competing to succeed Jerome Powell, whose term ends next May.
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The SpaceUp Competition session held during the Global Symposium for Regulators in Riyadh highlighted how space technologies are being used to develop innovative solutions addressing challenges in Saudi Arabia's vital sectors.
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Manufacturers say that investments from China and Turkey have pushed the Egyptian government to raise industrial land prices by 10% to 20%, with some areas seeing increases over 100%, amid mixed expectations on the impact on industrial investment attractiveness.
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The Amman Stock Exchange recorded a trading volume of JD 8.1 million on Wednesday, with 5.5 million shares traded through 3,842 contracts. The general stock price index decreased slightly by 0.03%, with 43 companies' stocks rising and 22 declining.
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The Jordanian Hashemite Charitable Organization is carrying out the largest water supply campaign in the south and north of the Gaza Strip in cooperation with the Zakat Al-Munasara Committee, as part of continuous Jordanian support for Gaza.
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His Highness Sheikh Khalifa bin Ali Al Khalifa, Governor of the Southern Governorate, received community leaders and civil society representatives, emphasizing his commitment to continuous communication with citizens and providing the best services across various fields under the leadership of the King and Crown Prince.
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Fatima Ibrahim Al-Munai, Undersecretary of Housing and Urban Planning, participated in the Second Gulf Housing Conference in Kuwait in September 2025, emphasizing Bahrain's commitment to enhancing GCC cooperation to develop housing services and provide 50,000 new housing units.
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Toyota will invest 680 million euros to expand its factory in the Czech Republic to produce a new electric car, supported by a government incentive of 64 million euros. The factory will be Toyota's first in Europe to produce electric vehicles and will add 245 new jobs.
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