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Ma’aden Included on Forbes 2000 List of World’s Largest Public Companies

Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
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Ma’aden Included on Forbes 2000 List of World’s Largest Public Companies

Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.
Forbes Global 2000 included the Ma’aden in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues.

Forbes Global 2000 has included the Saudi Arabian Mining Company (Ma’aden) in the World’s Largest Public Companies List based on its asset value, market value, net income and revenues, reported the Saudi Press Agency.

The list included 40 Arab companies, 16 of which were Saudi.

Ma'aden stated that this achievement was made possible by the company's unwavering commitment to production rates and customer service.

Ma'aden commodities are available in over 21 countries worldwide, contributing positively to financial performance.

Ma'aden's brand market value has lately increased by 69 percent to over SR1.8 billion, making it the largest multi-commodity mining company's brand in the Middle East.

Its strategy plan emphasizes portfolio diversification and growing the quantity of extracted minerals, as well as adherence to the highest environmental, social, and governance standards.

Ma'aden is one of the world's fastest-growing mining companies and the Middle East's largest multi-commodity mining and metals company.

Because of its market value, Ma'aden ranks among the top ten mining companies in the world.

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Türkiye's Erdogan Expects More Interest Rate Cuts in 2025

Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
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Türkiye's Erdogan Expects More Interest Rate Cuts in 2025

Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)
Turkish President Recep Tayyip Erdogan speaks during a plenary session at the COP29 UN Climate Summit, Nov. 12, 2024, in Baku, Azerbaijan. (AP)

Türkiye's President Recep Tayyip Erdogan said on Saturday that there would be more interest rate cuts in 2025 after the central bank cut its key rate by 250 basis points to 47.5% this week.

The Turkish central bank trimmed the one-week repo rate after an 18-month tightening effort that reversed years of unorthodox economic policies and easy money championed by Erdogan, who has since changed tack to back the program.

"Priority in our economy program is to lower the inflation... We will hopefully reduce inflation to the required level by using other tools at our disposal in addition to the monetary policy," Erdogan told members of his AK Party (AKP) in northwestern city of Bursa.

"We will definitely start lowering the interest rates. 2025 will be the landmark year for this," he said.

"Interest rates will decrease so that inflation will decrease. We will take this step. This is now indispensable for us."

Erdogan, who once described interest rates as his "biggest enemy," said last month that inflation would fall alongside the interest rate.

The central bank earlier announced that it had reduced the number of scheduled policy meetings next year to eight from 12 in 2024.

According to a Reuters poll's median, the central bank is expected to ease rates to about 28.5% by the end of 2025, with forecasts ranging between 25% and 33%.