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Vitol Prepares to Ship First Batch of Syrian Oil After Lifting Sanctions
Sada News - The Vitol Group is preparing to transport the first shipment of Syrian crude oil since the lifting of Western sanctions on Damascus, as the country's energy sector attempts to recover after more than a decade of destruction caused by armed conflict.Vitol, the world's largest independent...
US Tariffs on India Come into Effect at 50%
SadaNews - As of Wednesday, the United States has imposed crushing tariffs of 50% on certain Indian goods, the highest in Asia, as President Donald Trump moves forward with these tariffs to punish New Delhi for purchasing Russian oil.
The new tariffs double the existing rate of 25% on Indian export...
After a Significant Decline Since Early August.. Oil Prices Stabilize
SadaNews - Oil prices have stabilized after recording their largest decline since early August, as investors await the start of higher American tariffs on India due to its purchases of Russian crude.
Brent crude traded near $67 per barrel after falling more than 2% in the previous session, while We...
Stability of Gold Prices at $3,390 per Ounce Amid Anticipation of U.S. Personal Consumptio...
SadaNews - Gold prices stabilized after a rise on Tuesday due to concerns about the independence of the central bank and inflation risks, following U.S. President Donald Trump's efforts to dismiss a member of the Federal Reserve.
Gold bullion traded above the $3,390 per ounce level after a 0.8% inc...
Apple Prepares to Unveil iPhone 17 at Event on September 9
SadaNews - Apple Inc. has revealed the date of its upcoming event dedicated to unveiling its latest devices, titled "Incredibly Amazing," which is scheduled for September 9 at 10 AM Pacific Time (5 PM GMT). The event is anticipated to feature the launch of the new "iPhone 17" lineup, alongside updat...
Saudi ACES Company Considers Selling Stake Amid Growing Demand for Digital Infrastructure
SadaNews - The Saudi company "Advanced Communications and Electronics Systems" (ACES) is considering selling a stake, according to sources familiar with the matter, in a deal that would allow buyers to capitalize on the growing demand for digital infrastructure services in the Kingdom.
The IT-focus...
Exchange Rates of Currencies Against the Shekel on Wednesday (August 27)
SadaNews - The exchange rates of currencies against the shekel today, Wednesday (August 27), are as follows:
Ministry of Communications and Digital Economy Obligates Express Mail Companies to Provide...
SadaNews Economy - The Ministry of Communications and Digital Economy announced that Minister Dr. Abdul Razak Natche has issued a ministerial decision obligating international and local express mail companies to provide modern electronic payment methods (POS – electronic point of sale) as a primary...
"Digital Settlement".. Daily Economic Bleeding from the Pocket of the Palestinian Citizen
SadaNews - Amid the complex economic and political reality that Palestine is facing, and the loss of thousands of Palestinians' sources of income due to settlement and land confiscation, the Israeli occupation has not just settled on the land; it is extending deeper through extensive technological s...
Oil Prices Drop as Russia Supply Signals Are Awaited
SadaNews - Oil prices fell after four days of gains, as investors await clearer signals regarding supplies, while also monitoring the broader market implications following U.S. President Donald Trump's dismissal of a Federal Reserve Board member.
Brent crude dropped towards $68 per barrel, while We...
Lisa Cook Rejects Trump's Decision to Dismiss Her from the Federal Reserve Board
SadaNews - U.S. President Donald Trump has dismissed Federal Reserve Board member Lisa Cook from her position at the U.S. central bank, at a time when she confirmed that she would continue her work, considering the decision to be without legal grounds.
In a message posted on the "Truth Social" plat...
Norwegian Sovereign Fund Withdraws Investments from Caterpillar Group and 5 Israeli Banks
SadaNews - The Norwegian sovereign wealth fund, which is valued at two trillion dollars and is the largest in the world, has decided to withdraw its investments from the American Caterpillar Group and five Israeli banks "for ethical reasons".
The list of excluded Israeli banks includes: Bank Hapoal...