مدي 1 تي في : النشرة الاقتصادية - 26/11/2024
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NewsTranscript
00:00Welcome to Economic News.
00:12Yesterday, Morocco and the European Union signed an agreement worth 190 million euros,
00:17or about a billion dirhams, in Rabat to support a program to rebuild damaged areas
00:22from the earthquake in the Houthi region during the period from 2024 to 2028.
00:27The program aims primarily to assist damaged families in rebuilding their homes
00:32and providing public services such as health, education and strengthening the local economy.
00:37The Minister of Finance confirmed the importance of signing the agreement
00:42on the government's commitment to raise the needs of damaged residents,
00:46where it received more than 63,000 families,
00:49assistance in the framework of special support for damaged residents.
00:52The European Commission Commissioner Oliver Varelli pointed out the importance of this contribution
00:57in the restoration of vital areas and supporting the local economy.
01:03The US administration announced that companies have pledged to invest more than a trillion dollars
01:08in American industrial sectors such as telecommunications and clean energy
01:12during the administration of President Biden.
01:14This comes within the framework of three main laws that have been approved,
01:17which are the infrastructure law, the tax law, science and the limit law,
01:21which aims to strengthen the economy and rebuild infrastructure.
01:26President Biden confirmed that these investments guarantee an industrial future
01:30that relies on American workers, while some Democrats from his party pointed out
01:35that these efforts were not enough to overcome the economic fears
01:40that contributed greatly to their loss in recent elections.
01:45The Bank of Israel decided yesterday to remain on interest rates without changing
01:50in its seventh meeting as a result of the settlement of Najem's inflation
01:54from the war in Gaza and the fight with Hezbollah in the past two months.
01:58The Israeli Central Bank remained on the price of interest at 4.5%
02:02in response to its concern about the increased risks of investment in Israel
02:07since the outbreak of the war on October 7, 2023.
02:11In a statement issued after the meeting of the Monetary Authority,
02:14the Bank of Israel clarified that in an uncertain geopolitical situation,
02:17it still poses great challenges to economic activity
02:20and delays the return of the economy to the level of activity
02:23that was prevalent before the outbreak of the war.
02:29A national report warned of an increase in the service of foreign debt in the Arab countries,
02:33where the annual debt rose by $880 billion between 2010 and 2023,
02:40while the real value of the total local result increased by about $791 billion.
02:47The report also clarified that the service of foreign debt
02:50accounted for more than 15% of the total revenues in 2023,
02:55with expectations of reaching $40 billion in 2024.
03:00The Executive Secretary of the ISK and a member of the United Nations, Rola Dashi,
03:04confirmed the possibility of saving more than $1.8 billion in interest payments
03:09by improving the interest rates,
03:11while proposing a strategic report to improve the efficiency of public spending
03:15and increase local will to achieve greater financial stability.
03:22Saudi Minister of Investment Khaled Al-Falih announced
03:25during the International Investment Conference in Riyadh
03:27that the Kingdom of Saudi Arabia has been able to triple its investments
03:32and increase the number of investors tenfold since the launch of Vision 2030,
03:37as more than 1,200 international investors obtained a special residence,
03:41which facilitates their use of investment opportunities.
03:44Al-Falih confirmed that this step strengthens Saudi Arabia's position as an attractive investment destination,
03:49where investment flows have doubled by 70%,
03:53with the total local result rising to $1.1 trillion.
03:57He clarified that these steps contribute to enabling the investment sector
04:01by attracting and attracting investors in different economic sectors in the Kingdom
04:05and enabling them to take advantage of the opportunities and competitive advantages
04:09offered by the special residence.
04:13Oil prices in early trading have declined today,
04:16continuing to decline from the previous session
04:18after news of the progress of oil prices between Israel and Lebanon.
04:21The temporary contracts for Brent have fallen 0.38% to $72.73 per barrel.
04:30The temporary contracts for West Texas have fallen 0.46% to $68.62 per barrel.
04:40The contracts for Brent and West Texas have achieved the biggest weekly profits since the end of September
04:47after Russia launched a sound bomb on Ukraine
04:51in warning the United States and the United Kingdom
04:54following the strikes by Kiev on Russia using US and British weapons.
05:03This is the end of the economic news segment. Goodbye.