One year after Kenya Kwanza regime was handed over, ruins of power, economic situation and livelihood of the ordinary citizens has worsened. The fact was with high expectations from citizenry to current regime to salvage and ease the cost of living and the burden of national debt, apparently the hopes have turned into mere mirage.
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.
Silicon Valley Bank collapsed last week and Moody’s Investors Service downgraded the credit rating of Signature Bank sparking fears of a major financial crash. CNN now reports, “Moody’s puts 6 US banks on watch for potential downgrade.”
It was never unexpected that the House of Representatives, with a rate of 75% of the attendees, would approve the general budget law for the fiscal year 2023, despite the harsh criticism of the bill during the 3-day debate sessions due to the financial deficit, the high riba (usury) of public debt, and the absence […]
Extreme poverty, disguised unemployment, political and economic chaos, outrageous wealth for a few at the expense of the majority of people, an unprecedented drop in the value of the pound against foreign currencies, eating up people’s savings, a strong decline in the standard of living, a steady increase in public debt, an unprecedented rise in […]
50% of Kenyans have described 2022 as the worst year. According to the latest report by research firm Infotrak, the prevailing high cost of living, unemployment and access to healthcare services, have been ranked among the leading issues of concern for Kenyans. Infotrak CEO Angela Ambitho also says that compared to last year, when a […]
The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]
Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two […]
The world of today is still living on the impact of renewed economic crises, but it continues to be relieved of bad treatments and their distance from the serious issue of the economy, especially in light of the control of the global capitalist system and its global banks and funds in the paths of countries, […]
The authorities in North Darfur launched an investigation into the death of two children from starvation in one of the districts of El Fasher, the state capital, two days ago. In a statement from Save the Children on Wednesday claimed it “is urgently calling on the international community to prioritize the humanitarian response in Sudan […]
Sunday morning, May 22, 2022, Hizb ut Tahrir / Wilayah Tunisia organized a rally to reject the secular political projects that blatantly challenge Islam and its rulings that are allied with the enemies of Muslims from Western colonialism and the like. It was under the title: “Radical change based on Islam is the way to […]
The Khilafah Alone Will Liberate Us from Economic Slavery America’s tool for economically enslaving most of the world, the IMF, released a statement on 24 April, 2022, that “We had very productive meetings with the Finance Minister of Pakistan Miftah Ismail over Pakistan’s economic developments and policies.” Thus, Pakistan will continue to be controlled by […]
Surely Exorbitant Debt, Unemployment and Poverty are Bankruptcy in Itself Prime Minister Bisher Al-Khasawneh said during a discussion session in the House of Representatives on Monday, 04/18/2022, that “Jordan is resilient and far from bankruptcy, according to the testimony of the World Bank,” adding that “international credit rating agencies have confirmed Jordan’s credit rating at […]
British families are about to endure the worst cost of living crisis for 30 years, and are left waiting for anyone in power to notice… For many, the money going out is about to soar, causing that coming in to shrink in real terms. Inflation rose to 5.4% last month, driven by pricier food and […]