النشرة الاقتصادية - 05/07/2024
مدي 1 تي في : النشرة الاقتصادية - 05/07/2024
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00:00Welcome to Al-Iqtisad, we take advantage of Morocco and these givens to the Ministry of
00:10Equipment and Water, which highlights that the construction of three large dams in Sbou
00:16basin has reached its end, while the work continues on the foot of the construction of the fourth
00:22dam, which will become the largest dam to be built at the basin level.
00:27This dam aims to fill 2 billion cubic meters of water, as it undergoes the final touches
00:34on a number of water installations, with the first drops expected in the next few weeks.
00:41This is related to the Maddaz Dam, which is located in the Safrou region on the Sbou valley,
00:46and the Sidi Abbou Dam, which is located in the Tawnat region, and the Koudia al-Birna Dam
00:51in the Sidi Qasim region, while the fourth dam and the Retba Dam in the Tawnat region.
01:00In the latest international economic news, the European Union in a conservative way,
01:05in a democratic pattern, may reach 38% on the imported Chinese electric cars before
01:12the final decision in November on what the European Commission announced.
01:16Beijing accused it of illegally supporting these manufacturers, and today it began to
01:23apply these new patterns, which are added to other patterns of 10% applied to Chinese cars.
01:31After a wide-ranging investigation into the Chinese government's support for the manufacture
01:35of electric cars, it began in October last year, when Brussels announced these new patterns
01:41on June 12, while it launched discussions with Beijing to try to solve the problems
01:47that have been identified and eliminated the risks of a trade war.
01:52And now, the Commission has four months to decide whether it will impose these new patterns
01:58in the final form, or leave the door open for a possible dialogue with Beijing, and these
02:04final patterns will be valid for five years.
02:08Now, let's move on to Libya, where the Central Bank of Libya says that oil revenues in the
02:13first half of 2024 amounted to 37 billion dinars, which is equivalent to 7.61 billion dollars.
02:22And the Libyan economy is based mainly on the oil revenues that reached 20.69 billion dollars
02:30last year, according to the data of the Central Bank of Libya.
02:34Libya, a member of the OPEC organization, which has the largest oil reserves in Africa,
02:39suffered in recent years from political and security disturbances, which led to a decline
02:45in the production of oil to less than 700,000 barrels per day in the middle of 2022.
02:52But despite this, production in the country has increased to 1.2 million barrels per day
02:59in the same year, and has maintained this level since then.
03:06The demand for travel has also stopped, which is measured by the will of passengers per kilometer,
03:11where the data of the International Aeronautical Transport Union showed a rise in travel demand
03:16by 10.7% last May, compared to the same period last year.
03:23IATA showed that the total number of seats available per square kilometer
03:28rose by 8.5% in May on an annual basis.
03:33In this context, Willie Walsh, the Director-General of the International Aeronautical Transport Union,
03:37said that there are no indicators of a decline in travel demand,
03:43especially since the sales of travel tickets at the beginning of the peak season
03:46rose by 6% in May.
03:50All areas recorded a strong growth in the international travel markets in May 2024,
03:57compared to the same period last year.
04:04Let's conclude with General Motors, which will pay nearly $146 million
04:13as subsidies to reduce its appreciation of the sales of its cars,
04:18according to the Federal Union.
04:20The American car manufacturer was fined after it discovered
04:24that about 6 million cars emit more emissions than was reported,
04:30according to a statement in the name of the National Administration for the Safety of Passengers on Highways.
04:37The insurance companies that are listed between 2012 and 2018
04:44reported higher sales of carbon dioxide by 10% compared to what was reported by General Motors,
04:53and the company's shares fell by 0.51% during transactions on the New York Stock Exchange after this decision.
05:02With this, we have reached the end of this economic broadcast.
05:06Thank you for watching.
05:08Goodbye.
05:14Thank you for watching.