All posts tagged: gdp

Drought Threatens More than Half of the Earth’s Population in Just a Quarter of a Century!

UNICEF states, “Four billion people — almost two thirds of the world’s population —  experience severe water scarcity for at least one month each year… Half of the world’s population could be living in areas facing water scarcity by as early as 2025.” On a planet that is made up of more than 70 percent […]

Islam Gives Meaning to Technological Advancement

India’s moon landing on 23 Aug is yet another technological feat, among the long list of technological achievements throughout the World during the past century. The World witnesses these technological breakthroughs every now and then. However, despite these technological advancements, the plight of people around the world continues to deteriorate. People around the world suffer […]

The International Monetary Fund’s Positive Statements and Confidence in the Creditworthiness of Jordan’s Fiscal and Monetary Policies… Misleading and Conspiring to Bankrupt the Country

The International Monetary Fund (IMF) said that Jordan’s prudent fiscal and monetary policies have maintained economic stability and a positive future outlook for external creditors and global rating agencies. This came in a press interview with “The Kingdom” conducted by the Resident Representative of the International Monetary Fund in Jordan, Kareem Ismail, on 12/4/2023.

Q&A: Japan’s New Defense Strategy

Question: Japan has adopted a new defense strategy that it announced a few days ago, and this new strategy includes a significant increase in military spending. Does this indicate that Japan is regaining its military strength as it was before World War II? And what are its goals? Are they autonomous decisions or are they […]

Electricity is Unaffordable Because of Capitalism’s Privatization Concept, as Safeguarded by Democracy

Through democracy’s implementation of Capitalism, the government is responsible for Pakistan’s electricity crisis. The present capitalist system ensures that through privatization a few private owners, foreign and local, fully benefit from electricity resources whilst the public faces hardship. Privatization raises electricity prices so that the private owners can profit in their business. As an example […]

The Economic Crisis in Sri Lanka and Britain: Two Sides of the Same Corrupt Capitalist Coin

On Sunday 3rd April, 26 cabinet ministers of the Sri Lankan government resigned due to increasing public anger and protests over the country’s huge financial crisis. The nation’s foreign currency reserves have plummeted in this import-dependent state by around 70% since January 2020 to $2.3 billion in February due to financial mismanagement and the Covid […]

Kenya’s Debt Crisis: Politicians Exchange Swords and Deceit from Addressing the Elephant in the Room (Capitalism)

Kenya is Sh1 trillion shy of hitting the Sh9.1 trillion debt ceiling. The latest National Treasury debt registry shows the country’s gross public debt stood at Sh8.2 trillion by last December. Total external loan was Sh4.174 trillion with multilateral loans standing at Sh1.782 trillion, commercial Sh1.208 trillion and bilateral Sh1.17 trillion. Kenya might have to […]

Imran Khan’s Address Confirms the Global Failure of the Capitalist Economic System, From Which Only the Khilafah Provides Escape

Imran Khan lamented that the whole world, including Pakistan, is facing a storm of inflation. This is due to the exploitative system of the international economic order. However, his desperate pre-election appeal was devoid of alternatives to capitalism, blaming previous governments for catastrophic economic management. As for the economic relief he announced, it will increase […]

Views on the News 12/01/2022

Headlines: Hollow Nuclear Pledges Pakistan Mini Budget to ‘Increase Malnutrition’ US-Russia Talks Begin Hollow Nuclear Pledges The five permanent members of the UN Security Council – the US, Russia, China, France and the UK – signed a joint pledge to reduce the risk of nuclear war. The pledge stated that: “We affirm that a nuclear war cannot be […]

Q&A: Political Repercussions in Kazakhstan

Question: Russia intervened in the name of the Collective Security Treaty Organization in Kazakhstan after its president, Kassym-Jomart Tokayev, requested its help in quelling the protests that erupted in his country, after the price of liquefied gas doubled, and then suddenly swelled… Russia accused external forces, especially America, of interfering in the country’s affairs and […]

The President’s Finance Law Emanates from the Same Source as the Former Regime

On Tuesday, 28/12/2021, Minister of Finance, Siham Boughediri Namsiyah announced during a press conference on the government’s budget for the year 2022, which was issued by a presidential decree that included the chapters of the Finance Law for the year 2022, she estimated the deficit at 8.548 billion dinars. She said, “The Tunisian state will […]

Q&A: The Turkish Lira Falls to its Lowest Level And its Implications on the Presidential Elections in 2023

Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]

The Increasing of Credit Ratings by the Fitch Agency for Jordan is Misleading and Aims to Bankrupt the Country with Usurious Debts

On Tuesday evening, Fitch raised its expectations for Jordan’s credit rating to stable from negative, and stated, “The revision of the Outlook reflects Jordan’s progress on fiscal consolidation and the post-pandemic economic recovery.” Yesterday, the Jordanian Minister of Finance, Muhammad Al-Ississ, said in this regard: Fitch’s upgrading of the Kingdom’s credit rating outlook reflects the […]

International News Review 04/12/2021

EU Announces Funding for Global Gateway to Rival China BRI This week, European Commission President Ursula von der Leyen announced €300 billion funding for the Global Gateway programme that is the EU’s response to China’s Belt and Road Initiative. The EC President said, “We will support smart investments in quality infrastructure, respecting the highest social […]

The Answers regarding the Environment Crisis Lie within the Qur’an and Sunnah

The Capitalist system which is dominant the world over today although paying lip service to caring about the environment in reality focuses on maximizing production and enriching the elite at any cost. This is because the innate characteristic of Capitalism is defined by the notion that human beings have “unlimited wants in a world with […]

Under Capitalism, Whether the GDP Goes Up or Down, the Conditions of the People Go from Bad to Worse, Deprived of Substantial Local Industry

On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”