Economic news
Reports on the global and local economy include markets, investments, and major projects.
about 13 hours ago
Economy
Mahmoud Khalaf
Damascus International Fair concludes its 62nd session with great success: More than two million visitors and dozens of investment agreements
The events of the 62nd session of the Damascus International Fair concluded amidst a festive atmosphere and unprecedented public interaction, where the number of visitors exceeded two million, a clear indication of the great success of this major economic and cultural event in Syria and the region.
153
about 20 hours ago
Economy
Diana Barkat
Arrival of the Second Shipment of Russian LNG Subject to US Sanctions to China
The liquefied natural gas tanker "Voskod" arrived at the Beihai import terminal in southern China on Saturday, marking the second import of its kind from the Russian "LNG 2" plant in the Arctic.
225
2 days ago
Economy
Diana Barkat
Putin: Economic cooperation with Washington in Alaska "depends on a political decision" from the United States
During his speech at the economic forum in Vladivostok, Russian President Vladimir Putin confirmed his country's openness to economic cooperation with the United States in the energy sector in Alaska
444
2 days ago
Economy
Diana Barkat
Oil prices decline for the third consecutive session heading towards the first weekly loss
Global oil markets witnessed a decline for the third consecutive session on Friday, September 5, heading towards recording the first weekly loss in three weeks, amid rising fears of a global supply glut.
448
2 days ago
Economy
Diana Barkat
Sharp Rise in Gold Prices Heading for Best Weekly Performance in Three Months
Gold prices saw a significant increase on Friday, September 5, heading towards the strongest weekly gains in nearly three months, supported by strong expectations regarding a cut in U.S. interest rates this month.
571
3 days ago
Economy
Diana Barkat
Trump Administration Urges Supreme Court to Expedite Ruling on Challenge to Tariff Repeal
In a new development regarding the tariffs imposed by the United States, President Donald Trump's administration requested the U.S. Supreme Court to rule "urgently" on the appeal against a lower court ruling.
459
3 days ago
Economy
Diana Barkat
Oil Continues to Decline as OPEC+ Considers Increasing Production
Global oil markets witnessed a decline today, Thursday, September 4, for the second consecutive session, amid a state of anticipation among investors for the upcoming meeting of the OPEC+ alliance scheduled for early next week.
579
3 days ago
Economy
Diana Barkat
Slight Decline in Gold Prices After Hitting Record Levels
Gold prices experienced a slight decline during trading on Thursday, September 4, affected by profit-taking after the precious metal hit new record levels in the previous session.
589
3 days ago
Economy
Diana Barkat
Sharp decline in oil prices exceeds 2% ahead of crucial OPEC+ meeting
Oil prices experienced a sharp decline on Wednesday, September 3, as they fell by more than 2% at settlement, influenced by expectations that the "OPEC+" alliance would discuss a new increase in production during its scheduled meeting next week.
642
4 days ago
Syria News
Mahmoud Khalaf
The Syrian Minister of Energy Discusses Cooperation Opportunities in the Gas and Electricity Sectors with the Iraqi Kar Group
The Syrian Minister of Energy, Engineer Mohammad Al-Bashir, today, Wednesday, discussed with a delegation from the Iraqi "Kar" oil group ways to enhance joint cooperation in the fields of gas and electricity, as well as investment opportunities in vital energy projects within Syria, as part of efforts to strengthen regional partnership and develop energy infrastructure.
697
5 days ago
World News
Diana Barkat
The UAE Launches "Vision 50:50" to Economically Empower Women by 2075
In an ambitious step to enhance the role of women as a key partner in development, the United Arab Emirates has launched "Vision 50:50", which opens "wider doors for Emirati women to work, innovate, and contribute to economic development".
393
5 days ago
Economy
Diana Barkat
Eurozone inflation exceeds central bank target for the first time in months
The annual inflation rate in the Eurozone jumped to 2.1% in August, surpassing the target set by the European Central Bank at 2% for the first time since April.
692
5 days ago
Economy
Diana Barkat
Rise in Oil Prices Supported by Supply Concerns Due to Military Escalation
Global oil prices saw a significant increase on Tuesday, September 2, amid growing market fears of supply disruptions due to the ongoing escalation of the war between Russia and Ukraine and its direct impact on energy infrastructure.
1536
5 days ago
Economy
Diana Barkat
Gold Hits Record Levels Supported by Weak Dollar and Interest Rate Cut Expectations
Gold prices recorded an unprecedented rise today, Tuesday, September 2, marking the sixth consecutive session, influenced by the decline in the strength of the US dollar and the increasing expectations that the Federal Reserve will cut interest rates this month.
756
5 days ago⭐
Economy
Lubna Nissani
Cairo: The Shanghai Summit is held in an international context that threatens the credibility of the multilateral system
The Prime Minister during his speech at the Shanghai Organization summit... the summit comes at a highly sensitive international context that witnesses a threat to the credibility of the multilateral international system.
725
5 days ago⭐
Economy
Lubna Nissani
Sudan Halts Oil Production in Heglig After Drone Attacks
The Sudanese government has begun closing the Heglig oil facility following repeated attacks by drones, which have been attributed to the Rapid Support Forces.
675
6 days ago
Economy
Mahmoud Khalaf
Syria participates in the 116th session of the Arab Economic and Social Council in Cairo
The 116th session of the Arab Economic and Social Council has commenced at the headquarters of the Arab League in the Egyptian capital, Cairo, with the participation of official delegations from various Arab countries, including a delegation from the Syrian Arab Republic headed by the Minister of Economy and Trade, Mohammad Nidal Al-Shahr.
658
6 days ago
Syria News
Mahmoud Khalaf
Syria exports 600,000 barrels of heavy oil via the tanker "Nissos Christiana"
The Syrian Ministry of Energy announced today, Monday, the export of a massive quantity of heavy oil amounting to 600,000 barrels, which departed from the oil terminal in the city of Tartus, aboard the international tanker Nissos Christiana, for the benefit of the company "B Serv Energy".
717
6 days ago
Economy
Diana Barkat
Indian Oil Minister: Our Purchases of Russian Oil Contributed to Global Market Stability
In response to criticisms from American officials, Indian Oil Minister Hardeep Singh Puri confirmed that his country is not "seeking to make illicit gains" from Russian oil imports, noting that these purchases have effectively contributed to the stability of global markets.
483
6 days ago
Economy
Diana Barkat
Tesla's Crisis in Europe Deepens: Sales Decline for the Eighth Month and Interconnected Challenges
The American company Tesla is facing a perfect storm in its European markets, as its sales continue to decline for the eighth consecutive month during August. This ongoing decline comes amid fierce competition from Chinese companies and traditional manufacturers.
618
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