مدي 1 تي في : النشرة الاقتصادية - 11/07/2024
Category
🗞
NewsTranscript
00:00Welcome to Economic News.
00:07The Organization of Oil-Exporting Countries has maintained its expectations for the global demand for oil at 2,200,000 barrels per day during the current year.
00:16OPEC announced in its monthly report that it also maintained its expectations for the global demand for oil at 1,800,000 barrels per day in 2025.
00:27The Organization of Oil-Exporting Countries also raised its expectations for the global economic growth to 2.9% during this year.
00:33The Organization of Oil-Exporting Countries also added that it is expected to carry out strong transfers and expected air travel in half of the North Pole during the summer holidays to enhance demand for fuel, transportation and growth in the United States.
00:50Speaking about the United States, the Chairman of the US Federal Reserve Board Jerome Powell said that he is not ready to announce a win over inflation, but he feels that his country is on the way back to stable prices and low unemployment.
01:09Powell and other officials in the US Federal Reserve Board said that they will not lower the interest rate until inflation reaches the 2% target.
01:21Powell also pointed out that maintaining high interest rates for a long time may pose a risk to economic growth.
01:29Markets are currently waiting for inflation data in June in the US and Germany to evaluate the timing of the possible low interest rates.
01:38Immediately after the Chairman of the US Federal Reserve Board Jerome Powell warned that maintaining high interest rates for a long time may pose a risk to economic growth, Wall Street stocks rose.
01:50The Standard & Poor's 500 index rose sharply to a new level exceeding 5,600 points for the first time ever.
02:01The wide market index also rose by 0.4% and is heading towards achieving profits for the seventh day in a row.
02:09The Nasdaq index rose by 0.5% to reach its highest level ever.
02:21As for US stocks, Apple broke its previous record for the largest stock in the world in terms of market value after it became isolated in the midst of the competition's siege on Microsoft and NVIDIA.
02:36The market value of Apple is 3.5 trillion dollars, which is a level that no other company in history has reached before.
02:44The share price has risen by more than 17% since the beginning of the year.
02:48According to the latest data, three companies in the world share a value of more than 3 trillion dollars, which is a unique news and a new benchmark for competition in the stock markets.
03:00This is the latest year in which five companies have joined the list of companies whose value exceeds 2 trillion dollars after the recent rise in Alphabet and Amazon stocks.
03:12We now move to Dubai, where a plan has been launched to develop the largest logistics area in the world for the trade of food, vegetables and fruits.
03:23The media reported that Sheikh Mohammed bin Rashid Al Maktoum, the deputy prime minister of the UAE and the ruler of Dubai, said that this plan comes within the framework of the UAE's directions and strategies to strengthen investment and economic opportunities,
03:38which contributes to achieving the goals of the Dubai Economic Agenda, which aims to double the size of the UAE's economy and turn it into one of the best three economies by 2033.
03:50He also added that Dubai, with its strategic location and advanced facilities, represents a commercial and investment center that attracts large companies.
04:00It is also noteworthy that work will double over the next period to strengthen the role of the UAE in creating investment opportunities for global companies.
04:08With this, we have reached the end of this economic broadcast. Thank you for watching and goodbye.
04:20Thank you for watching and goodbye.