Economic news

Reports on the global and local economy include markets, investments, and major projects.

Turkish-Italian Partnership to Develop Unmanned and Hybrid Marine Vehicles

The Turkish company "Havelsan" announced on Saturday the signing of a memorandum of understanding with the Italian companies "VN Maritime" and "Beloda Defense" to develop and market unmanned and hybrid marine vehicles in Italy.

China Exempts Imports from Most African Countries from Tariffs

Chinese President Xi Jinping announced today, Saturday, that his country will implement a tariff exemption on imports from most African countries starting from May 1.

Launch of Syrian-Saudi Partnership to Implement Digital Transformation Projects

The Syrian Ministry of Communications announced today, Saturday, the commencement of executive work for the partnership with the Saudi company “Elm,” in a move aimed at launching digital transformation projects in the country, according to a statement issued by the ministry.

The IMF Plans to Grant Ukraine a $8 Billion Loan

The International Monetary Fund intends to approve a financing program for Ukraine worth $8 billion over four years today, Saturday, without requiring prior implementation of reforms such as the previously proposed tax adjustments.

Indian "Reliance" Gets U.S. Green Light to Import Venezuelan Oil

1 day ago⭐

Economy

Lubna Nissani

Indian "Reliance" Gets U.S. Green Light to Import Venezuelan Oil

The license is expected to accelerate Venezuelan oil exports and reduce crude costs for the world's largest refinery operated by the Indian company, especially as it seeks to replace Russian oil with a cheaper source.

Emirates Airlines Confirms Its Flights to Algeria Are Operating Normally

Emirates Airlines announced that its flights to and from Algeria are currently operating according to the approved schedules, with no impact on services, urging customers to continue with their travel plans as usual.

15% Tariffs and New Economic Agreement Between the United States and Taiwan

A final trade agreement between the United States and Taiwan opens a new phase in their economic partnership, in a pivotal move that could reshape trade and supply chains in the region.

Oil Prices Head for Weekly Loss as Iran Conflict Fears Diminish

Oil prices are heading towards another weekly loss as fears of escalation with Iran have faded, bringing pressures from oversupply and weak demand to the forefront. Between bets on political de-escalation and expectations of increased supplies, the market seems to have quickly lost its momentum this week.

Gold Jumps Again .. Is a New Uptrend Starting Before the Fed's Decision?

2 days ago⭐

Economy

Nagham Bilal

Gold Jumps Again .. Is a New Uptrend Starting Before the Fed's Decision?

After a sharp decline, gold and silver quickly regained their luster as buyers returned to the market, amid cautious anticipation of U.S. data that could determine the next direction for prices. A surprising recovery reignited momentum for precious metals and sparked investor appetite once again.

The Kremlin Proposes a Broad Economic Partnership with the Trump Administration Including a Return to the Dollar

3 days ago

Economy

Mahmoud Khalaf

The Kremlin Proposes a Broad Economic Partnership with the Trump Administration Including a Return to the Dollar

Bloomberg revealed that Russia has prepared an internal document proposing a significant economic partnership with the United States, in the event of a peace agreement regarding Ukraine.

Gold Prices Drop Amid Strong US Dollar and Interest Rate Expectations

Gold declines after the rise of the dollar following strong US job data, as investors await tomorrow's inflation indicator to determine interest rate direction.

The European Bank Achieves a Record in Investments in the Middle East and North Africa in 2025

The funding amounted to €2.8 billion distributed across 65 projects in seven economies, including Egypt, Iraq, Jordan, Lebanon, Morocco, Tunisia, in addition to the West Bank and Gaza Strip.

Gold Prices Rise Amid Anticipation of U.S. Jobs and Inflation Data

Gold holds above $5000 per ounce amid investors' anticipation of important U.S. data that may determine the future of interest rates.

Oil Prices Drop Amid U.S.-Iran Tensions and Supply Concerns

Oil prices dropped slightly as markets anxiously monitor developments in U.S.-Iran tensions, amid fears of any potential disruption in supplies through the Strait of Hormuz, one of the world's most important energy arteries.

America Warns Ships in the Strait of Hormuz Amid Rising Tensions with Iran

Washington warns its commercial ships against approaching Iranian waters after rising nuclear tensions, and demands not to resist any Iranian boarding, while diplomatic talks between the two sides continue.

Fuel Shortage Halts Air Canada's Flights to Cuba and Disrupts Air Traffic

A suffocating fuel crisis hits Cuba and disrupts air traffic after a sudden decision led to the suspension of international flights and the repatriation of thousands of travelers, amidst political escalation and external pressures complicating the situation.

Record High for Japanese Stocks as Yen Falls Against Dollar After Sanai Takaichi's Victory

Tokyo's stock market surged to record levels after Sanai Takaichi's overwhelming election victory, while the yen fell against the dollar, amid a wave of economic enthusiasm and global interest in the new policies of the Japanese Prime Minister.

Scott Bissent Accuses China of Speculation Behind Gold Fluctuations and Rising Global Prices

Scott Bissent accused China of speculation that caused sharp fluctuations in gold prices, while also pointing to optimism in the performance of the U.S. stock market and economic stability.

Gold Shines Again Above $5,000 and Silver Jumps as the Dollar Declines

Gold and silver continue to rise strongly as the dollar declines, amid global anticipation for economic developments that may determine market direction in the upcoming phase.

Saudi Arabia Announces $2 Trillion Economic Strategy to Boost Growth

Saudi Arabia plans to launch a new economic strategy worth $2 trillion, focusing on tourism, industry, and technology, to boost growth and diversify the economy away from oil.

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