Economy
Updates on the local and global economy and financial markets.
about 2 months ago
Articles
Nagham Bilal
The Difference Between Traditional Banks and Digital Banks | Which is Better for You?
Learn about the difference between traditional banks and digital banks: advantages, disadvantages, fees, and customer experience. Discover which is more suitable for your financial needs.
18516
about 2 months ago
Miscellaneous
Nagham Bilal
The Future of Digital Banks in the World | How Will Digital Banking Change the Face of Finance?
Learn about the future of digital banks in the world: trends in digital banking, the role of artificial intelligence and cryptocurrencies, and the challenges facing banks.
21720
about 18 hours ago
Economy
Mahmoud Khalaf
Russia sends a shipment of oil and condensates to Syria amid complications of Western sanctions
Data from the London Stock Exchange Group and trade sources revealed that Russia is preparing to deliver about 750,000 barrels of Arctic heavy oil blend and gas condensates to the Syrian port of Baniyas, in a move that reflects the ongoing energy cooperation between Moscow and Damascus despite the Western restrictions imposed on Russian energy exports.
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about 18 hours ago
Economy
Mahmoud Khalaf
Washington Calls for Easing Sanctions on Syria: U.S. Ambassador Urges International Support to Reassess Imposed Restrictions
The U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, urged the United Nations Security Council to support Washington's move towards easing sanctions imposed on Syria, including those targeting figures in the Syrian leadership.
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1 day ago
Economy
Diana Barkat
Sharp Decline in Gold Prices as Investors Shift to Profit-Taking
Precious metal markets experienced a strong sell-off on Tuesday, leading to a sharp decline in gold prices by 5%, marking the worst daily performance for the precious metal since April 2013.
350
1 day ago
Economy
Diana Barkat
Economic Forecasts: Possible Reductions in US Interest Rates During 2025
The latest survey by "Reuters" included the opinions of a select group of economic experts, revealing a significant shift in expectations for US monetary policy, as the majority of analysts anticipate a reduction in interest rates
309
1 day ago
Economy
Diana Barkat
The International Monetary Fund expects a surge in the growth of economies in the Middle East and North Africa in 2025
In a positive shift in economic forecasts, the International Monetary Fund raised its growth expectations for the economies of the Middle East and North Africa to 3.3% for 2025, improving its previous forecast of only 2.6% last May
223
1 day ago
Economy
Diana Barkat
Oil Prices Decline Amid Concerns of Oversupply and Slowing Global Demand
Global oil prices witnessed a slight decline today, Tuesday, affected by concerns of oversupply and a drop in demand due to ongoing trade tensions between the United States and China, the two largest consumers of crude oil in the world.
227
2 days ago⭐
Syria News
Lubna Nissani
World Bank: Reconstruction of Syria Could Exceed $216 Billion
The report expects the costs of reconstructing the damaged physical assets to range between $140 and $345 billion, with the best estimate being $216 billion.
288
3 days ago
Economy
Diana Barkat
The Rise of American Rare Earth Companies' Stocks Supported by Government Actions to Counter Chinese Dominance
The American stock market witnessed a notable surge on Monday for companies operating in the rare earth sector, following official statements and government actions aimed at strengthening local supply chains.
306
3 days ago
World News
Mahmoud Khalaf
Saudi Arabia launches the "King Salman Gate" project to expand the capacity of the Grand Mosque
The Kingdom of Saudi Arabia announced a massive urban project named "King Salman Gate", aimed at accommodating nearly one million additional worshippers next to the Grand Mosque in Mecca, as part of the Vision 2030 plans aimed at enhancing the Kingdom's status as a global religious destination and diversifying the economy.
779
3 days ago⭐
Economy
Lubna Nissani
Gold Recovers Losses After Sharp Drop... Investors Await Trade Signals from Trump
Gold regained some of its losses today, Monday, after a week that saw a sharp decline from record levels exceeding $4300 per ounce.
433
4 days ago
Economy
Nagham Bilal
Suez Canal in Crisis: Revenues Drop 60% and Egypt Loses Billions
Egypt is facing a significant challenge in one of its most important sources of income amid rising regional tensions. Attention is turning to the Red Sea, awaiting a breakthrough that may restore balance.
709
5 days ago
Economy
Mahmoud Khalaf
Minister of Economy: Syria will adopt the American financial system with local modifications
The Syrian Minister of Economy and Industry, Nidal Al-Shaar, said on Saturday that his country is moving towards adopting the American financial system as a basis for restructuring the financial sector, with limited modifications that take into account the specificity of the Syrian reality.
693
5 days ago⭐
Economy
Lubna Nissani
The United States is looking to enhance its investments in the critical minerals sector in Liberia
The meeting addressed strengthening bilateral relations between the two countries and opening new investment and trade opportunities, with a focus on providing jobs and achieving sustainable economic growth.
418
5 days ago⭐
Economy
Lubna Nissani
Wall Street Ends the Week with Gains After Trump's Statements and Bank Reassurances
The S&P 500 index rose by 0.50% to close at 6662.44 points, while Nasdaq achieved a weekly increase of 2.1%.
293
5 days ago⭐
Technology
Lubna Nissani
Chinese Networks Turn Scam Messages into a "Gold Mine".. One Billion Dollars from American Phones!
Scammers exploit digital payment technologies via phone to create a virtual bridge between China and the United States, allowing remote purchases to be made without the need for security verification.
435
5 days ago
Economy
Diana Barkat
The White House announces a freeze on $11 billion infrastructure projects due to the government shutdown
Russell Vought, the Director of the Office of Management and Budget at the White House, announced on Friday, October 17, the decision of the U.S. administration to freeze a new package of infrastructure projects worth $11 billion
395
5 days ago
Economy
Diana Barkat
The dollar declines at the largest weekly rate in months against the franc and yen
At the end of a turbulent week, the US dollar showed significant weakness against safe-haven currencies, dropping to its lowest level in a month against the Swiss franc, while it declined on a weekly basis against the Japanese yen.
297
5 days ago
Economy
Diana Barkat
Gold Retreats from Its Historical Highs Amid Dollar Pressure and Trump's Statements
Precious metal markets saw a noticeable decline at the end of trading on Friday, October 17, as the price of gold dropped by about 1% at settlement, moving away from its all-time high after surpassing the $4300 per ounce mark.
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