WASHINGTON (AP) — The U.S. dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a...

NEW YORK (AP) — The price of bitcoin and other cryptocurrencies crumbled Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It's the latest high-profile collapse of a pillar of the cryptocurrency...

The Syrian Oil Minister  announced on Monday the entry of the "Zamlat Al-Mahra 1" gas well into production near the historic city of Palmyra in the Syrain desert. Minister Bassam Tohme indicated to the improvement of the electrical situation in the country during the next stage, as...

MILAN (AP) — Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil...

  Jordan's only container port on the Red Sea has been capturing traffic to Syria, Israel and the West Bank as higher ocean freight costs give it an edge over closer but heavily congested Mediterranean ports, its CEO said on Tuesday. Crises from COVID-19 lockdowns to Russia's invasion...

European Union leaders will gather Monday in a fresh show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country. Ukrainian President Volodymyr Zelenskyy, who...

BUDAPEST, Hungary (AP) — European Union efforts to impose an embargo on Russian oil faced more roadblocks Wednesday as Hungarian officials said they would not back the plan in its current form and recommended removing the topic from the agenda of an EU leaders' summit next week. The EU has...

The United States on Thursday authorized some foreign investment in areas of northern Syria that are outside government control, in what it said was a strategy designed to defeat Islamic State through economic stabilization. The U.S. Treasury Department approved activities in 12 sectors...

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...

CAIRO (AP) — Egypt’s annual inflation rate continues to surge amid Russia’s ongoing war in Ukraine that has shaken the global economy, the country’s statistics bureau announced Tuesday. The inflation rate was up 2.8%, reaching around 14.9% in April, up from 12.1% in March, the Central Agency...

TEHRAN, Iran (AP) — A member of Iran’s syndicate of car parts manufacturers says Iranian producers have an opportunity to export their wares to a Russian carmaker, state media reported. The late Monday report quoted Hossein Bahrainian as saying “a prominent Russian car maker” requested parts...

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...

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...

BEIJING (AP) — Drone company DJI Technology Co has temporarily suspended business activities in Russia and Ukraine to prevent use of its drones in combat, in a rare case of a Chinese company pulling out of Russia because of the war. “DJI is internally reassessing compliance requirements in...

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world's richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83...

Syrian economists assume that the Syrian Central Bank is causing a stagnation in the real estate market through measures aimed at withdrawing liquidity from the market, in addition to the many fees and taxes, which caused the Syrians to refrain from buying and selling real estate. Analyst...

Pro-regime economic analysts predicted that the Central Bank's decision to raise the exchange rate of remittance dollars by 14 percent, will lead to opening the borders of inflation in the Syrian market, which will cause more suffering for the residents of regime-held areas.   The Central...

The Syrian Monetary and Credit Council raised the interest rate on bank deposits in Syrian pounds with the aim of absorbing more liquidity in the markets, to reduce inflationary pressures, according to a statement issued by the Central Bank of Syria on Wednesday. According to the decision,...

Not far from a muddy trench, large stacked black pipes will soon be buried in this land in Denmark, as construction of a gas pipeline connecting Norway and Poland resumed after the invasion of Ukraine. From liquefied natural gas (LNG) terminal projects in northern Germany, Finland or France...

A report by "Hashtag Syria" reviewed the possible effects on the Syrian economy if the Lebanese economy were declared bankrupt. The pro-regime news website indicated that the first effects will affect the flow of Egyptian gas supplies and Jordanian electricity to Lebanon, which were...