Oil Prices Drop despite OPEC+ Production Cut Extension

Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025.

Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel.

US West Texas Intermediate (WTI) crude futures for …

Jordan’s Unemployment Rate Settles at 21.4 Percent in Q1 of 2024

Jordan’s unemployment rate decreased by 0.5 percent in the first quarter of 2024 compared to the same period in 2023, settling at 21.4 percent.

The Jordanian Department of Statistics reported by Jordan News Agency (Petra) on Sunday as saying that mal…

Oman Central Bank Issues Treasury Bills Worth More Than OR 19 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 19.06 million.

The OCB explained, in a statement Monday, that the maturity period of the bills is 91 days, with an average …

Decrease in oil prices

Moscow – Together – Oil prices fell in trading today, Monday, despite the OPEC+ group extending production cuts until the end of next year 2025.

By 09:15 Moscow time, US West Texas Intermediate crude futures fell by 0.35% to $76.72 per barrel, while …

European Stocks Close Higher on Interest Rate Cuts Expectations

European stock indices closed higher Monday for the third session in a row thanks to growing expectations from investors that the European Central Bank (ECB) will decide to lower interest rates this week.

The stoxx600 index ended its trading up 0.3 p…

Melhem: The banking relationship continues with the Israeli side and there is no need to fear the accumulation of shekels (video)

Ramallah – Ma’an – Governor of the Monetary Authority, Dr. Firas Melhem, said that the banking relationship with the Israeli side is still continuing, indicating that there is no need to be afraid regarding the crisis of the shekel accumulation in Pal…