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Iran's War Drives Global Gas Trade Underground
SadaNews - A day before crossing the Strait of Hormuz, an Indonesian sailor aboard the gas carrier "Al Rayyan" posted a picture of a rainbow stretching over the bow of the ship. He wrote on social media: "When a dream ship becomes a reality," expressing his gratitude to God for this blessing.
Howev...
Washington Considers Using Iranian Assets to Finance Damage Repair in Gulf States
SadaNews - An informed source revealed that the U.S. administration is considering directing Iranian assets towards funding reconstruction projects and compensating for the damages caused to Gulf states due to Iranian attacks, amid a new escalation in the region characterized by drone and missile st...
Continuous Fluctuations in Gold and Silver Prices
SadaNews - Global financial markets are experiencing ongoing fluctuations in the prices of precious metals, as transactions are moving amid multiple economic and political changes that directly affect investor trends and investment portfolios.
In this context, the price of an ounce of gold was reco...
Among Arab Countries.. List of Countries That May Be Subject to Anticipated U.S. Tariffs
SadaNews - The U.S. Trade Representative's Office has published a list of economies that are included in the proposal for new tariffs ranging from 10% to 12.5%, as part of measures that Washington says are related to combating the entry of goods produced with forced labor into U.S. markets.
Accordi...
French Investigation Targets Swiss Branch of "HSBC" in Case of Embezzled Lebanese Funds
SadaNews - A judicial investigation has been opened in Paris targeting the Swiss branch of "HSBC" bank over embezzled Lebanese funds, amid suspicions of its assistance to the former governor of Lebanon's central bank in misappropriating funds, according to the French financial prosecutor's office....
Eurozone Bond Yields Set for First Weekly Increase Since Mid-May
SadaNews Economy - Eurozone government bond yields are on track to record their first weekly increase since mid-May, as investor caution rises regarding the prospects of a swift agreement between the United States and Iran to reopen the Strait of Hormuz, keeping geopolitical risks present in the mar...
Fears of Artificial Intelligence Hit Asian Markets as KOSPI Loses Over 5%
SadaNews Economy - Asian stocks fell on Friday, led by sharp losses in South Korea, where the main index dropped by more than 5%, affected by a broad sell-off of technology and artificial intelligence stocks following strong declines on Wall Street.
U.S. stock futures also recorded a decline, after...
Inflation Pressures and Middle East Tensions Drive Gold Prices Down
SadaNews Economy - Gold prices fell on Friday and are set to register a weekly loss, amid rising concerns about persistent inflation pressures and increasing likelihood of tightening U.S. monetary policy, coinciding with the stalling of efforts to contain tensions in the Middle East.
Gold prices in...
Europe Records First Decline in Air Passenger Traffic Since COVID-19
SadaNews - European and international data have shown that the repercussions of the Israeli-American war on Iran have begun to pressure the global aviation sector, as Europe’s airports recorded their first annual decline in passenger numbers since the recovery from the COVID-19 pandemic, while the d...
Egypt proceeds with issuing "Samurai Bonds" worth half a billion dollars
SadaNews - Egyptian Foreign Minister Badr Abdel Aty said today, Thursday, that Egypt is completing plans to issue Samurai bonds denominated in Japanese yen, marking the first offering of its kind for Cairo in three years, as part of efforts aimed at diversifying sources of external financing and red...
Bitcoin Drops to Lowest Level Since the Start of the Iran War
SadaNews - The Bitcoin currency has dropped to its lowest level since the beginning of the conflict with Iran, as renewed clashes in the Middle East have affected market sentiment more broadly.
The cryptocurrency fell by more than 5% to below $62,000 in early trading in Singapore on Thursday, marki...
Oil Prices Drop After Ceasefire Agreement Between Israel and Lebanon
SadaNews - Oil prices fell after three days of gains, following an agreement between Israel and Lebanon to cease fire if Hezbollah also halts hostilities, which removes a major point of contention in discussions between Washington and Tehran.
Brent crude dropped to around $97 a barrel, while West T...