By Fouad Abdel Aziz Many have read the decision of the Central Bank of the Syrian regime to issue a daily bulletin at the exchange rate of the remittance dollar, close to the black market rate, as a liberalization of the exchange rate of the pound or the beginning of a liberalization of...

BEIRUT (AP) — Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. The deal inked in Beirut brings Qatar into...

Sanctions in Syria have driven oil production underground, but one company has set out plans to tackle the problem. Gulfsands Petroleum owns a 50% stake in Block 26, where its interests pre-date the war. While sanctions prevent the company from operating in the area, other entities do not...

TOKYO (AP) — Asian shares were trading mixed Thursday, as investors grew cautious after Wall Street's biggest pullback of the year. Shares dipped in Tokyo, but rose in Seoul and Sydney, where they recouped earlier losses by late morning. Hong Kong shares were slightly lower, while Shanghai...

Dubai, UNITED ARAB EMIRATES (AP) — In nearly every corner of the globe, people are spending more on food and fuel, rent and transportation. But inflation isn't affecting people equally. For migrants with relatives relying on money they send back, higher prices are pinching families twice: at...

A news website close to the Syrian regime's intelligence services revealed that discussions with the Algerian side to buy domestic gas began in 2016, but Algeria always asked to wait for fear of US sanctions and pressures. And the "Syriasteps" website reported that it seems that developments...

At a time when countries are racing to invest the great wealth of gas that has emerged in the Mediterranean, Syria is hardly heard, despite all the shortages it suffers from in energy resources, which is so far considered the most prominent responsible for the poor economic conditions in the...

AMMAN — The Jordanian-Syrian Economic Forum, organized by the Jordan Chamber of Commerce (JCC), in cooperation with Federation of Syrian Chambers of Commerce, resumed its activities in the Syrian capital Damascus on Sunday, according to the Jordan News Agency, Petra.   The forum,...

Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for crude, and for the diesel fuel, gasoline and...

The Director-General of Baniyas Refinery revealed that from the beginning of September to mid-September, three oil tankers from Iran arrived at the refinery with a tonnage of 3 million barrels, pointing out that the refinery does not have sufficient tanks to place crude oil, which prompted it to...

KYIV, Ukraine (AP) — Ukrainian forces on Sunday pushed its counteroffensive in the country's east, exploiting quick gains they made in a week of fighting that has sharply changed the course of the conflict. Ukraine's quick action to reclaim Russia-occupied areas in the northeastern Kharkiv...

The Syrian regime's Ministry of Finance announced its approval to trade treasury bonds issued in the second auction for 2022, starting from next Monday's session in the Damascus Securities Exchange. The Executive Director of the market said that this subscription is the first of its kind in...

NEW YORK (AP) — Stocks fell broadly in morning trading on Wall Street Monday, adding to their recent losses as the Federal Reserve stays focused on raising interest rates to fight historically hot inflation. The S&P 500 fell 0.3% as of 10:23 a.m. Eastern. Around 70% of stocks in the...

An established Syrian industrialist called Sunday on the government in Damascus to act for recovering the Syrian funds stuck in Lebanese banks. Fares Shebahi, the chairman of Syria's Federation of Chambers of Industry and head of Aleppo's Chamber of Industrialists, said that “it is no...

DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince's spending power as...

Hazem Ajjan, director of the industrial city in Sheikh Najjar in northern Syria, called Saturday on Syrian expatriates to invest in the industrial city in Aleppo. He stressed that all the encouraging factors for production have improved, especially the availability of a 24-hour...

Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it. “Delay threatens irreparable harm,” said...

BUDAPEST, July 15 (Reuters) - The European Union has "shot itself in the lungs" with ill-considered economic sanctions on Russia, which, unless rolled back, risk destroying the European economy, Hungarian Prime Minister Viktor Orban said on Friday. Gas supplies to Europe have tightened and...

NEW YORK (AP) — Stocks are slipping in shaky trading on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500 was 0.3% lower after tumbling as much as 1.6% earlier in the morning. The Dow Jones Industrial Average was...

WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy....