Economy
Updates on the local and global economy and financial markets.
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.
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.
A New Agreement to Establish a Photovoltaic Station in Syria: A Step Towards Enhancing Alternative Energy
As part of the Syrian government's efforts to develop the electricity sector, the General Authority for Electricity Transmission and Distribution signed a cooperation agreement today, Monday, with "Manarat Al-Shahbaa" Renewable Energies Company to establish a photovoltaic station with a capacity of 100 megawatts in the central region, using the latest solar energy technologies and smart control systems "SCADA".
The Federal Reserve: Interest Rate Decision and Its Implications for Arab Economies
The American Federal Reserve is preparing to make a fateful decision regarding interest rates amid exceptional economic and political conditions. While the world's largest central bank is heading towards lowering interest rates for the first time since December 2024, economic factors are intertwining with political pressures in a complex scene that reflects on the global economy as a whole, including Arab countries.
Economic Potential of the Islamic World and Challenges of Political Employment
The Islamic countries possess immense economic wealth that places them in a significant position on the global map, from oil and gas reserves that dominate energy markets, to strategic mineral resources and human capital that form a massive consumer market. These factors give the Islamic world a theoretical ability to play a pivotal role in international policy-making, but the gap between potential and actual influence remains a subject worthy of contemplation.
Billion Dollar Investment in Trust: Elon Musk Buys a Huge Stake in Tesla
Tesla's electric shares jumped more than 6% during pre-market trading on Monday, benefiting from a wave of optimism sparked by its CEO Elon Musk after he announced his largest personal stock purchase.
Trump announces an agreement on "TikTok" as US-China negotiations continue
US President Donald Trump announced today, Monday, that an agreement has been reached with China regarding the fate of the short video application "TikTok", at a time when negotiations between the two countries over the terms of the deal
Rising Oil Prices Driven by Ukrainian Attacks and Escalating Geopolitical Tensions
Oil prices saw a significant increase in trading on Monday, supported by investors' concerns about disruptions to global oil supply due to ongoing Ukrainian attacks on energy infrastructure in Russia
Gold Prices Stabilize Awaiting the U.S. Federal Reserve's Decision on Interest Rates
After waiting for investors, gold prices stabilized during trading on Monday, as the market looks forward to the Federal Reserve (U.S. Central Bank) meeting this week
The General Organization for Geology Clarifies Details of the "Yara" Contract and Affirms Its Commitment to Combating Corruption in Syria
In an official statement today, Sunday, the Director General of the General Organization for Geology and Mineral Resources, Engineer Siraj Al-Hariri, confirmed that the organization operates with complete transparency to clarify the facts related to the contract with "Yara", concluded with the General Company for Phosphate and Mines to rehabilitate phosphate plants, following the circulation of inaccurate information on social media.
Britain and the United States are about to sign a historic technology agreement
Coinciding with the anticipated visit of U.S. President Donald Trump to the United Kingdom, the technological relations between the two countries have entered a new advanced phase with the announcement by the British Embassy in Washington of a high-level agreement.
Two ships carrying 31,000 tons of wheat arrive at the port of Tartus to enhance the strategic stock
Mazen Aloush, the Director of Public Relations at the General Authority for Maritime Ports, announced today, Saturday, the arrival of two ships loaded with 31,000 tons of wheat at the port of Tartus, for the benefit of the Syrian Grain Establishment, as part of a government plan aimed at enhancing the strategic stock and ensuring the continuous supply of flour to bakeries in various Syrian governorates.
Gold continues to rise for the fourth consecutive week, surpassing $3650
Gold continued its gains for the fourth consecutive week, closing on Friday, September 12, with a weekly increase of about 1.8%, while the price of the ounce surpassed the $3650 mark.
Oil Prices Decline Amid Concerns of Weak Demand and Expectations of Increased Supply
Oil prices experienced a sharp decline on Friday, September 12, affected by pressures from increased supply and weak demand in the United States, ignoring the geopolitical concerns that usually support prices.
Japan Reduces the Price of Russian Oil to $47.6 per Barrel in a Coordinated Move with Allies
The Japanese government has decided to lower the maximum ceiling for the price of Russian crude oil to $47.6 per barrel, starting from Friday, September 12, as part of international efforts to increase pressure on Moscow
Turkey seizes assets of the "Can Holding" group and arrests 10 of its managers on charges of money laundering and fraud
The Turkish public prosecutor issued a decision on Thursday to seize the assets of the companies affiliated with the Can Holding group, which owns several of the country's leading media and educational institutions, as part of a wide-ranging investigation into money laundering, tax evasion, and the formation of an organized crime network.
The European Union Confirms Its Commitment to Gradually Stop Russian Energy Imports by 2028
Dan Younsen, the European Union's energy commissioner, confirmed today, Thursday, that the bloc is moving forward with its plan to gradually stop importing Russian oil and gas by January 1, 2028, despite increasing American pressure to expedite the end of reliance on Russian energy.
The European Central Bank Holds Interest Rates Steady and Confirms the Resilience of the Eurozone Economy
The European Central Bank held interest rates steady at 2% on Thursday, a widely anticipated move, amid assurances from the bank's president, Christine Lagarde, that the Eurozone economy "remains in good shape," despite global challenges and political fluctuations in some member states.
The International Monetary Fund visits Lebanon this month to push negotiations on a comprehensive reform program
The Director of the Communications Department at the International Monetary Fund, Julie Kozak, announced today, Thursday, that a team of fund experts will visit Lebanon during this September, aiming to give a new boost to discussions about an economic program supported by the fund, amid the ongoing financial crisis that has been affecting the country for years.
Gold Experiences Slight Decline Amid Anticipation of US Inflation Data and Central Bank Statements
Gold prices witnessed a limited decline during trading on Thursday, September 11, amid the anticipation that investors are experiencing for the release of US inflation data and the announcement of decisions by major central banks.