International - Page 5

Oman Joins the Club of Global Financial Centers

In a move that reflects a strategic shift in its economic trajectory, the Sultanate of Oman has approved the establishment of a global financial center—sending a clear message that the next phase is defined by financial openness and the attraction of high-quality

January 7, 2026

International·News

Mexico’s Economic Recovery Pushes S&P/BMV IPC Index to Record Highs

The S&P/BMV IPC index in Mexico has seen a notable rise, stabilizing near its highest levels at 58,400 points, driven by several positive economic factors that highlight the country’s resilience amid global challenges. In March, Mexico recorded a trade surplus of $3.44

May 19, 2025

International·News

Eurozone Annual Inflation Confirmed at 2.2% in April 2025 Amid Core Inflation Rise

Official data has confirmed that the annual inflation rate in the Eurozone remained steady at 2.2% in April 2025, staying close to the European Central Bank’s medium-term target of 2.0%, reflecting a relative balance in prices despite ongoing global economic challenges. Services

May 19, 2025

International·Stocks

European Markets Rise Despite U.S. and Geopolitical Tensions

European markets recorded notable gains on Monday, with the STOXX 50 index rising by 0.3% and the STOXX 600 index climbing by 0.4%, in a clear show of resilience despite Moody’s downgrade of the U.S. credit rating and its revised outlook for

May 19, 2025

Business·International·News

DP World Plans to Develop Tartous Port (Syria) in $800 Million Deal

In a strategic move to modernize its ports and logistics sector, Syria’s General Authority for Land and Maritime Borders announced the signing of a Memorandum of Understanding with DP World, worth $800 million USD (approximately AED 2.9 billion). The agreement paves the

May 16, 2025

Crypto·International·Real Estate

Asia’s Wealthy Shift Away from the Dollar: Gold, Bitcoin, and the Rising Opportunity for Dubai’s Real Estate

Asia’s investment landscape is witnessing a notable shift in the behavior of high-net-worth individuals, according to Amy Lo, Co-Head of UBS Wealth Management Asia-Pacific. After decades of near-total reliance on US dollar-denominated assets, a significant segment of affluent investors is redrawing their

May 15, 2025

International

European Stock Markets Struggle Despite Positive Earnings Reports

European stock markets were in the red on Thursday, with the STOXX 50 falling by 0.8% and the STOXX 600 declining by 0.7%. Despite efforts to bounce back from a recent sell-off, investors remained cautious about the economic and monetary outlook. Major

August 8, 2024

International

Saudi Oil: The Unstoppable Pillar of Global Economy

In a world experiencing rapid economic changes and massive technological shifts, Saudi oil remains a symbol of power and stability. In the last quarter, Aramco, the world’s largest oil company, announced staggering profits of $56 billion. This figure surpasses the combined earnings

August 7, 2024

International

Canada Economic Activity Growth Slows in July

The Ivey Purchasing Managers Index (PMI) in Canada experienced a noticeable decline, easing to 57.6 in July 2024 from 62.5 in the previous month. This downturn fell short of forecasts, which predicted the index to be at 60. Despite this slowdown, the

August 7, 2024

International

US Mortgage Rates Fall to 2023-Lows

In the week ending August 2, 2024, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell by 27 basis points to 6.55%, marking the lowest level since early May 2023, according to data from

August 7, 2024

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International - Page 5