Economy

Comprehensive coverage of market news, finance, business, and economic development.

Azerbaijan's Ambassador in Damascus: Azerbaijani Natural Gas Flow to Syria Represents a Historic Event Awaited by the Friendly Peoples

The Charge d'Affaires of the Azerbaijani Embassy in Damascus, Alnur Shah Huseynov, said today, Wednesday, that the flow of Azerbaijani natural gas to Syria through Turkey, scheduled for August 2, 2025, represents a historic event awaited by the friendly peoples and embodies the depth of the mutual cooperation relations between the two countries.

58 Views

White House: Trump Frustrated with Progress of Trade Talks with India

about 12 hours ago

Mahmoud Khalaf

White House: Trump Frustrated with Progress of Trade Talks with India

The White House economic adviser Kevin Hassett said today, Wednesday, that President Donald Trump is frustrated with the progress of trade talks with India and believes that his announcement of imposing a 25% tariff will help in this regard.

56 Views

Chinese Foreign Minister Calls for Opening More Communication Channels with the United States

about 12 hours ago

Mahmoud Khalaf

Chinese Foreign Minister Calls for Opening More Communication Channels with the United States

The Chinese Ministry of Foreign Affairs stated that Minister Wang Yi called, on Wednesday, for opening more communication channels with the United States and warned against confrontation between the two superpowers.

65 Views

US Energy Information Administration: Crude Inventories Rose While Gasoline Inventories Fell

about 12 hours ago

Mahmoud Khalaf

US Energy Information Administration: Crude Inventories Rose While Gasoline Inventories Fell

The US Energy Information Administration said on Wednesday that crude and distillate inventories in the United States rose while gasoline inventories fell in the week ending July 25.

62 Views

Oil Prices Stabilize in Asia as Reaction to Trump's Tight Deadline for Russia Awaited

about 20 hours ago

Diana Barkat

Oil Prices Stabilize in Asia as Reaction to Trump's Tight Deadline for Russia Awaited

The pace of oil price increases calmed during Asian trading today, Wednesday, July 30, after rising by more than 3% in the previous session, as investors focus on potential developments regarding the short deadline announced by U.S. President

87 Views

Gold Rises Supported by Declining Yields and Dollar Awaiting Federal Reserve Announcement

about 20 hours ago

Diana Barkat

Gold Rises Supported by Declining Yields and Dollar Awaiting Federal Reserve Announcement

Gold prices saw a slight increase during morning trading on Wednesday, July 30, supported by the decline in US Treasury bond yields and a slight drop in the value of the dollar, amid investors' anticipation of the Federal Reserve's announcement on monetary policy trends.

116 Views

US Goods Trade Deficit Falls to Lowest Level in Nearly Two Years

1 day ago

Mahmoud Khalaf

US Goods Trade Deficit Falls to Lowest Level in Nearly Two Years

The deficit in US goods trade fell to its lowest level in nearly two years in June amid a decline in imports, bolstering economists' expectations that trade will account for a significant portion of the expected economic growth in the second quarter.

145 Views

Saudi Cabinet Commends Results of Syrian-Saudi Investment Conference

1 day ago

Mahmoud Khalaf

Saudi Cabinet Commends Results of Syrian-Saudi Investment Conference

The Saudi Cabinet, during its meeting today on Tuesday chaired by King Salman bin Abdulaziz Al Saud, emphasized the importance of the outcomes of the Syrian-Saudi Investment Conference held in Damascus last week.

112 Views

Gold Prices Decline as Trade Concerns Ease and Dollar Rises

2 days ago

Diana Barkat

Gold Prices Decline as Trade Concerns Ease and Dollar Rises

Gold prices witnessed a decline during trading on Tuesday, July 29, affected by the easing of global trade tensions and the rise of the US dollar, as investors await new guidance from the Federal Reserve on the future of interest rates.

156 Views

Oil Prices Decline Despite US-EU Trade Deal and Await Fed Decision

2 days ago

Diana Barkat

Oil Prices Decline Despite US-EU Trade Deal and Await Fed Decision

Oil prices saw a slight decline on Tuesday, July 29, influenced by the uncertainty surrounding global economic expectations, despite the recent trade agreement between the United States and the European Union

116 Views

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