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Oil prices witnessed an increase during trading on Friday, August 1, after dropping by over 1% in the previous session, amid traders' assessment of the potential repercussions of the new US tariffs, which could negatively affect economic activity
Gold prices witnessed a limited decline during today's trading on Friday, August 1, heading towards a weekly loss amid the rise of the US dollar.
President Donald Trump signed an executive order on Thursday, July 31, increasing tariffs on imports from Canada from 25% to 35%, with the new rate taking effect starting Friday, August 1.
Saudi television reported today, Thursday, that the kingdom recorded a deficit of 34 billion riyals, equivalent to 9.06 billion dollars, in the second quarter of 2025, as its oil revenues reached 151 billion riyals.
The Syrian Minister of Economy and Industry, Dr. Mohammad Nidal Al-Shaar, inaugurated the Companies Directorate in the building of the General Administration of Internal Trade and Consumer Protection in Damascus today, Thursday, after its rehabilitation and the development of the services it provides, enhancing the investment environment and improving the business climate in Syria.
Oil prices witnessed a limited decline during trading on Thursday, July 31, as investors focused on evaluating the risks of supply shortages amidst U.S. escalation towards Russia and China, along with the rise in U.S. oil inventories.
Gold prices witnessed a noticeable stabilization during trading on Thursday, July 31, following significant losses on Wednesday, where they dropped to their lowest levels in a month, amidst a state of uncertainty caused by statements made by US President Donald Trump regarding the country's trade policy.
The Charge d'Affaires of the Azerbaijani Embassy in Damascus, Alnur Shah Huseynov, said today, Wednesday, that the flow of Azerbaijani natural gas to Syria through Turkey, scheduled for August 2, 2025, represents a historic event awaited by the friendly peoples and embodies the depth of the mutual cooperation relations between the two countries.
The Chinese Ministry of Foreign Affairs stated that Minister Wang Yi called, on Wednesday, for opening more communication channels with the United States and warned against confrontation between the two superpowers.
The US Energy Information Administration said on Wednesday that crude and distillate inventories in the United States rose while gasoline inventories fell in the week ending July 25.
The Syrian Energy Minister, Engineer Mohammad Bashir, confirmed that Syria will start receiving 3.4 million cubic meters of gas from Azerbaijan to Aleppo province via Turkish territories starting from August 2.
The pace of oil price increases calmed during Asian trading today, Wednesday, July 30, after rising by more than 3% in the previous session, as investors focus on potential developments regarding the short deadline announced by U.S. President