Reports on the global and local economy include markets, investments, and major projects.
Oil prices witnessed a jump of over 1% during Wednesday, May 21 trading sessions, following media reports revealing Israel's readiness to carry out a potential strike against Iranian nuclear facilities.
Gold markets witnessed a strong uptrend today, Wednesday, May 21, as prices rose to their highest levels in a week, supported by the decline of the US dollar and increasing demand for the yellow metal.
The annual inflation rate in the United Kingdom recorded an unexpected jump during the month of April, rising to 3.5%, reaching its highest level since January 2024, surpassing analysts' expectations which were indicating 3.3%.
Gold markets witnessed a decline in prices today, Tuesday, May 20, driven by a slight increase in the value of the US dollar, in addition to growing hopes of a possible ceasefire between Russia and Ukraine.
The People's Bank of China has reduced its key interest rates for the first time in seven months, as part of its efforts to support economic growth, benefiting from the improved performance of the yuan and the easing of global trade tensions.
American billionaire and founder of Bridgewater Associates hedge fund, Ray Dalio, warned that Moody's downgrade of the United States' sovereign credit rating does not adequately reflect the real risks facing US Treasury bonds.
The spokesperson for the US Department of State, Michael Mitchell, announced that President Donald Trump will issue executive orders to lift sanctions on Syria after completing necessary legal procedures.
The American-Turkish working group is discussing in a meeting hosted in Washington tomorrow the mechanism for lifting American sanctions on Syria, in addition to ensuring security, stability, preserving its territorial integrity and safety, and other issues.
Oil markets witnessed a decline in prices during trading on Monday, May 19, as investors focused on the developments of the nuclear negotiations between the United States and Iran, in addition to awaiting key economic data from China.
The digital currency market witnessed an upward trend on Sunday, May 18th, as the price of Bitcoin surged by 2.27% to reach $105,509.00, supported by improved investor sentiment towards high-risk assets.
Global gold markets witnessed an upward trend during trading on Monday, May 19, supported by the decline of the US dollar index and renewed concerns about trade disputes, following statements by the US Treasury Secretary.
The Central Bank of Syria has confirmed the completion of printing quantities of banknotes in cooperation with a Russian company with which it has a prior contract, according to approved standards, denying the circulating rumors about changing the national currency or introducing a completely new issuance, clarifying that the matter is still under study.