Economic News
Back to Homepage
European Central Bank Monitors Risks of Rising Fuel Prices
SadaNews - Joachim Nagel, member of the Governing Council of the European Central Bank and President of the German Central Bank (Bundesbank), stated in remarks to Reuters that the bank will act "swiftly and decisively" if rising fuel prices due to the war with Iran lead to a sustained increase in in...
Iran Exports 11.8 Million Barrels of Oil to China Since the Outbreak of the War
SadaNews - Iran has continued to send large quantities of crude oil through the Strait of Hormuz to China, despite the ongoing U.S.-Israeli war against Tehran which has put oil supplies via this maritime passage at risk.
Samir Madani, co-founder of the company TankerTrackers, stated that Iran has s...
موازنة الطوارئ.. عبء ثقيل على الحكومة وراتب قبل العيد مرهون بتسهيلات مصرفية
Currency Exchange Rates Against the Shekel on Wednesday (March 11)
SadaNews - The currency exchange rates against the shekel today, Wednesday (March 11), are as follows:
Oil Fluctuates as IEA Proposes Record Withdrawals from Reserves
SadaNews - Oil gave up its previous gains and its prices fluctuated around the $87 per barrel mark, following a report by the "Wall Street Journal" which indicated that the "International Energy Agency" is proposing the largest drawdown from reserves in its history to combat rising prices caused by...
Asian Stocks Rise as Oil Shock Fears Subside
SadaNews - Asian stocks extended their gains, with oil trading below $90 a barrel, following a report about the potential release of oil reserves to calm rising energy prices, which boosted market confidence.
The "MSCI Asia-Pacific Index" rose by 1.9%, marking its second consecutive day...
Gold Prices Rise Above $5,200 Amid Expectations for Iran War Path
SadaNews - Gold prices rose after a report indicated that the International Energy Agency is proposing the largest withdrawal from oil reserves ever, in order to mitigate the demand shock caused by the war in the Middle East.
Gold surpassed the $5,200 per ounce level after gaining 1% in the previou...
Netanyahu: Our Economy is Very Strong
SadaNews Economy Translation - Israeli Prime Minister Benjamin Netanyahu boasted on Tuesday evening that the Israeli economy is still operating at full capacity.
Netanyahu said during his visit to the Port of Ashdod, as translated by SadaNews Economy: "I am here at the Port of Ashdod .. the ports a...
وزارة العمل تعلن عن صرف دفعة مالية جديدة لمساعدة عمال غزة والمرضى ومرافقيهم المتواجدين في...
Jordan Hotels Association: Sharp Decline in Hotel Occupancy Rates and Cancellations of Tou...
SadaNews - The Jordan Hotels Association stated on Monday that it is closely monitoring the geopolitical developments and the ongoing war in the Middle East, which impose direct repercussions on global travel and tourism movement, the effects of which have begun to clearly reflect on the tourism sec...
Aramco's 2025 Profits Fall Short of Expectations Amid Declines in Oil and Refined Product...
SadaNews - Saudi Aramco reported profits below expectations last year, affected by a decline in crude oil, refined products, and chemical prices, according to company data released on Tuesday.
The results showed a net income drop of 11.6% to approximately 348 billion riyals.
These results reflect...
Council of Ministers: The 2026 budget will be an emergency budget governed by actual cash...
SadaNews - The Council of Ministers warned of the alarming rise in crimes committed by the terrorist colonial militias under the protection of the occupation army, which led to the martyrdom of 8 citizens in Deir Abu Flah, Qaryut, and Yatta within days.
The council confirmed that the rampant terr...