International Economy
Back to Homepage
Gold Rises Driven by Expectations of U.S. Interest Rate Cuts
SadaNews Economy - Gold regained some of its momentum on Wednesday, as investors held on to expectations of interest rate cuts from the Federal Reserve, while markets await a series of U.S. data this week to determine the course of monetary policy, as silver surged to a new record high.
Gold rose i...
Asian Stocks Rise After Crypto Market Turmoil
SadaNews - Asian stocks rose on Tuesday after a wave of selling that saw a decline in globally risky assets, led by cryptocurrencies. Attention turned to Japanese government bonds ahead of a 10-year bond auction.
The Asia stock index gained 0.5%, with the South Korean market full of technology stoc...
Egypt decides to dispose of the regasification ship docked at Aqaba port in Jordan after r...
SadaNews - Egypt has decided to dispose of the regasification ship docked at Aqaba port in Jordan after renting it for six months, given the lack of need for it as natural gas imports from Tel Aviv have stabilized, according to a government official who spoke to "Asharq" on condition of an...
Stability of Oil Prices Amid Concerns Over Geopolitical Risks to Supplies
SadaNews - Oil prices stabilized in trading on Tuesday, as market participants assessed the risks posed by Ukrainian drone attacks on Russian energy sites, in addition to rising tensions between the U.S. and Venezuela.
Brent crude futures remained at $63.22 per barrel, while West Texas Intermediate...
Gold Declines Due to Profit-Taking Ahead of Powell's Statements and Important U.S. Data
SadaNews Economy - Gold prices fell in trading on Tuesday after reaching a six-week high during the previous session, amid profit-taking by investors who are also awaiting statements from the Federal Reserve chairman and important economic data that may indicate a rate cut.
Gold dropped 0.3% in spo...
Russia Opens Its Doors to Chinese Citizens Without Visa
SadaNews - The Kremlin announced that Russian President Vladimir Putin has signed a decree allowing Chinese citizens to enter Russia without the need for a visa for up to 30 days, for tourism and business purposes, starting today until September 14, 2026.
The decree clarified that the decision does...
Likelihood of Japanese Interest Rate Hike Temporarily Stops Yen Decline
SadaNews Economy - The year that began with an increase in interest rates in Japan may be about to end with a similar move, following the clearest indication yet from the Governor of the Bank of Japan, Kazuo Ueda, about the possibility of a near-term action, setting the stage for a pivotal month tha...
Oil prices rise supported by OPEC+ production plans
SadaNews - Oil prices rose by more than 1.5% in today's trading on Monday, after the OPEC+ alliance renewed its commitment yesterday to halt any increases in production during the first quarter of next year, in addition to indications that the U.S. may take new actions against Venezuela, raising fur...
Gold Retreats from Three-Week High Amid Federal Decision Anticipation
SadaNews - Gold prices fell during trading on Monday from their highest level in about three weeks, as investors sought to take profits amid increasing expectations for a cut in U.S. interest rates later this month, while silver recorded a new all-time high.
Gold dropped in spot transactions on Mon...
Disruption in the Aviation Sector Following Airbus A320 Recall
SadaNews Economy - In a surprising development that shook the global aviation sector, international airlines have been forced to ground their fleet of Airbus A320 aircraft - the backbone of their short and medium-haul flights - following a recall issued by the European manufacturer affecting approxi...
Investors Withdraw $4.48 Billion from Global Equity Funds
SadaNews Economy - Global equity funds recorded their first weekly outflows in 10 weeks during the week ending November 26, as concerns over inflated valuations, particularly in the technology sector, overshadowed optimism regarding the expected cuts to U.S. interest rates next month.
According to...
Gold Rises and Continues Gains for the Fourth Month
SadaNews Economy - Gold prices rose during trading on Friday, and the yellow metal remained on track to register monthly gains for the fourth consecutive time, supported by a decline in the dollar and investor optimism about the Federal Reserve's potential interest rate cut next December.
Spot gold...