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Israel’s Budget Deficit Surpasses 8% of GDP in August Due to War Expenses

Israel's budget deficit in August climbed to 8.3% of GDP, driven by ongoing war expenditures against Hamas. The deficit reached 12.1 billion shekels (2.94 billion...

Moody’s Warns Israel of Risks from Potential Conflict with Iran

JERUSALEM (FFN) - International credit rating agency Moody's has issued a stark warning to Israel about the potential economic fallout of a direct military...

UAE Calls for Consular Support Following Telegram CEO Pavel Durov’s Detention in France

The UAE demands immediate consular assistance for Pavel Durov, detained in France over alleged criminal violations linked to Telegram. French authorities maintain that the detention...

Fitch Downgrades Israel’s Credit Rating to A Amid Gaza War

Tel Aviv, August 13 – Rating agency Fitch downgraded Israel's credit rating from A+ to A on Tuesday, citing worsening geopolitical risks due to...

ADQ of Abu Dhabi and Sotheby’s Majority Owner Drahi to Invest $1 Billion in Auction House

Abu Dhabi’s state-owned holding company ADQ and Patrick Drahi, the majority owner of Sotheby’s, have announced plans to invest $1 billion into the prestigious...

Oil prices surge amid Middle East tensions

Singapore, April 19 - Oil prices rose sharply on Friday morning in response to rising tensions in the Middle East. Israeli and Iranian attacks...

The Iranian Rial Plunges to Record Low After Attack on Israel

Tehran, April 14, 2024 - The Iranian currency plummeted to a record low on the unofficial market on Sunday against the dollar. The exchange...

Dubai Introduces 20% Tax on Foreign Banks

Dubai, April 13, 2024 (Financeflashnews) - Dubai authorities have introduced a 20% tax on the annual income of foreign banks operating in the emirate....

McDonald’s to Buy All of Its Israeli Franchises

Fast food giant McDonald's has announced that it will buy all of its franchised restaurants in Israel. The move comes after the company suffered...

Pakistan Introduces Austerity Measures to Combat Economic Crisis

The Pakistani government is implementing new austerity measures in response to the ongoing economic crisis. These measures affect government members and aim to reduce...

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