Economy

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

Oil prices rise 1.5% supported by the conservative decision of "OPEC+" to increase production

Oil prices saw a significant increase in trading on Monday, supported by the recent decision of the "OPEC+" alliance to reduce the monthly production increase to a level below expectations, which eased concerns about a global supply surplus.

#Economy

Gold Soars Above $3900 an Ounce for the First Time Amid Stalled U.S. Budget Negotiations

about 8 hours ago

Diana Barkat

Gold Soars Above $3900 an Ounce for the First Time Amid Stalled U.S. Budget Negotiations

Gold recorded a historic rise today, Monday, surpassing the $3900 an ounce mark for the first time, as investors continue to flock to safe havens amid the ongoing halt of U.S. government activities.

#Economic news

Sharp Decline in French Stocks Following Resignation of Prime Minister Le Cornu

about 11 hours ago⭐

Lubna Nissani

Sharp Decline in French Stocks Following Resignation of Prime Minister Le Cornu

French stocks sharply declined in trading on Monday, following the announcement of the resignation of the new Prime Minister Sébastien Le Cornu, raising concerns among investors about the worsening political instability in the country.

#Policy

The Syrian Minister of Energy Discusses Investment Opportunities in the Energy Sector with International Investors

1 day ago

Mahmoud Khalaf

The Syrian Minister of Energy Discusses Investment Opportunities in the Energy Sector with International Investors

The Minister of Energy, Mohammad Al-Bashir, held a wide-ranging meeting today, Sunday, with delegations of businessmen and investors from the United States, Europe, and several Arab countries, dedicated to discussing the reality of the energy sector in Syria and the available investment opportunities in the fields of oil, gas, electricity, and renewable energy.

"OPEC+" decides to increase oil production in November by 137,000 barrels per day

The eight member countries of the "OPEC+" group announced today, Sunday, their agreement to raise the oil production ceiling for the upcoming month of November by 137,000 barrels per day compared to the level of October.

The dollar declines amid a U.S. government shutdown and concerns over Bank of Japan policies

Global financial markets experienced a quiet trading session filled with uncertainty on Friday, as the U.S. dollar finished its worst weekly performance in months, while the Japanese yen retreated from its peaks affected by the cautious stance of the Bank of Japan

The United States Achieves a New Record in Oil Production and Global Markets Move Towards a Record Surplus

U.S. crude oil production reached a new record level in July, hitting 13.6 million barrels per day, indicating a strong pace of production growth in the American industry.

Gold Achieves Its Seventh Consecutive Week in the Green Zone

Gold maintained its upward momentum at the close of trading on Friday, October 3, marking its seventh consecutive week in the profit zone. This performance was supported by rising expectations of an additional cut.

The Senate's Failure to Pass U.S. Government Funding Deepens the Government Shutdown Crisis

The U.S. government shutdown continues after the Senate's failure to pass government funding, amid rising political tensions and a crisis threatening thousands of federal employees. The crisis is becoming more complex with accusations exchanged between the two parties.

Gold Achieves Record Weekly Gains Supported by Expectations of Interest Rate Cuts and U.S. Shutdown

Gold maintained its stability in trading on Friday, on track to record its seventh consecutive weekly gain, supported by expectations of an additional cut in U.S. interest rates and concerns regarding the impact of the government shutdown.

The White House Warns: Prolonged Government Shutdown Threatens Economic Growth and Undermines Workforce

In a stark economic warning, an internal document from the White House obtained by "POLITICO" reveals that the ongoing government shutdown could push the American economy towards dire consequences.

Gold Retreats from Its Record Throne as Dollar Rises and Profit-Taking Occurs

Gold prices fell slightly during trading on Thursday, retreating from the record high reached in the previous session, as profit-taking and a slight rise in the dollar pushed the yellow metal down.

Oil Prices Recover from Lowest Level in 16 Weeks Supported by Sanction Expectations on Russia

Global oil prices saw a notable recovery on Thursday, ending a three-day losing streak and rising from their lowest levels in about four months.

Asian stocks rise supported by Wall Street gains and technology agreements

Asian stock indices recorded notable increases today, Thursday, following the record gains on Wall Street, despite the ongoing U.S. government shutdown.

The Minister of Economy Meets with Aleppo Industrialists and Emphasizes the Importance of Production Balance and Economic Decision-Making

During a field visit to the city of Aleppo, the Minister of Economy and Industry, Dr. Nidal Al-Shaar, held a broad meeting today, Wednesday, with representatives of the production sectors, in the presence of the Governor of Aleppo, Mr. Azzam Al-Ghareeb, and the Chamber of Commerce and Industry, to follow up on the local economic situation and listen to the proposals of industrialists and traders.

Al-Ula hosts Al-Shibani at the Munich Leaders Conference: Supporting the economic transition and the reconstruction of Syria is the focus of the discussion

Syrian Foreign Minister Asaad Al-Shibani participated on Wednesday in a panel discussion titled "Supporting the Transitional Phase, Economy, and Reconstruction in Syria" as part of the Munich Leaders Conference held in the city of Al-Ula in the Kingdom of Saudi Arabia.

Slight Increase in Eurozone Inflation Supports Expectations of Interest Rate Stability

Eurozone inflation recorded a slight increase last month, reaching 2.2% in September compared to 2.0% in August, driven primarily by rising service prices and a less severe decline in energy costs.

Bitcoin Challenges Market Decline.. Surges to $116,000 Following U.S. Government Shutdown

In a notable shift, the cryptocurrency Bitcoin rose on Wednesday, defying the decline of most high-risk assets, against the backdrop of the U.S. government shutdown after lawmakers failed to reach a funding agreement.

Oil rises again after two days of heavy losses.. investors await "OPEC+" decision

Oil markets saw a noticeable improvement in trading on Wednesday, with buyers returning after two days of sharp declines, as investors awaited potential decisions from the "OPEC+" alliance regarding production increases.

Gold Soars to New Heights Driven by U.S. Shutdown and Weak Economic Data

Gold reached new record levels on Wednesday, surpassing the $3890 per ounce mark, as investors flocked to safe havens with the onset of the U.S. government shutdown.

#Economic news

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