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EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member nations. The president of the EU's executive commission, Ursula von der...

Eid holidays refresh exchange market

The approach of the Eid al-Fitr holiday was reflected in the transactions of the exchange market in Syria, which did not witness significant changes in the exchange rate of the Syrian pound on Saturday, while the Turkish exchange rate declined against the dollar in northern Idlib region, a...

IMF sees bumper year for Arab oil producers, risk for others

DUBAI, United Arab Emirates (AP) — The world's economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next, according to a report released...