Updates on the local and global economy and financial markets.
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%.
Britain surprises Israel by suspending trade talks and threatens sanctions due to the escalation of operations in Gaza. International stance is escalating and pressures are increasing.
The Minister of Public Works and the Governor of Aleppo discussed steps to revive the city through modern plans to rebuild the damaged buildings, paving the way for life to return to it once again.
A Syrian-Italian meeting in Tartous opens up new horizons for economic cooperation and enhances development opportunities amid positive changes witnessed in the country.
A sudden frost hits the cherry orchards in Quneitra, causing catastrophic losses. Farmers are demanding compensation for a harsh and disappointing season.
An important meeting in Damascus between the Minister of Public Works and the Governor of Homs to discuss accelerating the recovery of the affected neighborhoods and revitalizing them as part of comprehensive reconstruction plans.
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.
In a remarkable humanitarian step, the King Salman Center for Relief and Humanitarian Aid and the United Nations Development Program signed an agreement to support food security in Syria, including rehabilitating dozens of bakeries and providing bread to millions in need.