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Artificial Intelligence at the Core of Central Bank Discussions During IMF Meetings
SadaNews - Policymakers, already concerned about rising trade tensions and public debt inflation, are preparing to face a new worry next week: the risk of a financial market collapse.
Monetary policy makers and finance ministers from around the world will gather in Washington for the fall meeting...
In a Major AI Deal, the United States Approves Export of Nvidia Chips
SadaNews - The United States has approved the export of advanced artificial intelligence chips from Nvidia to the UAE, valued at several billion dollars, marking the first step in implementing a controversial bilateral agreement that could shape a new model for American diplomacy in the field of art...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices declined as traders focused on the easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising over 1% on Wednesday, while West Texas Intermediate stabilized near $62.
U.S. President Donald Trump stated that Israel and...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices have declined as traders focus on easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising more than 1% on Wednesday, while West Texas Intermediate crude stabilized around $62.
U.S. President Donald Trump stated that...
Gold Prices Drop to $4,015 per Ounce
SadaNews - Gold prices dropped after reaching a new record level above $4,000 per ounce on Wednesday, following a sharp rise that made prices vulnerable to downward corrections, amidst indications that the precious metal is trading at excessively strong levels.
Gold bullion prices fell by 0.7% in e...
Cristiano Ronaldo Joins the Billionaire Club with a Wealth of $1.4 Billion
SadaNews - The Portuguese star Cristiano Ronaldo has made history once again, but this time off the pitch, as he became the first football player in the world to reach a net worth of one billion dollars, according to Bloomberg's billionaire index, which estimated his net worth at $1.4 billion.
Over...
Slight Rise in Oil Prices as Markets Focus on U.S. Inventory Data
SadaNews - Oil prices rose slightly after a mixed report on U.S. inventories was released, as traders continued to focus on broader supply forecasts, with the "OPEC+" alliance maintaining its production increases and the expansion of U.S. output.
Brent crude climbed close to $66 a barre...
For the First Time.. The Ounce Exceeds $4000
SadaNews - The prices of spot gold have risen above the level of $4,000 per ounce for the first time, as fears regarding the U.S. economy escalate and the government shutdown continues, adding new momentum to the strong rise of the precious metal.
Gold increased by 0.4% to reach $4,001.11 per ounce...
More Optimistic Predictions: The World Bank Raises Estimates for Growth in the Middle East...
SadaNews - The World Bank has raised its growth forecasts for the region that includes the Middle East, North Africa, Afghanistan, and Pakistan for 2025, but has downgraded them for the upcoming year, attributing the adjustments to conflicts and declining oil production in Iran and Libya.
The Washi...
Bitcoin Approaches $126,000 and Achieves New Highs
SadaNews - Bitcoin has recorded a new all-time high today, Monday, as the world's largest cryptocurrency by market capitalization continues to benefit from strong demand from investors.
The increase since the beginning of the year has been supported by institutional investments, more lenient polici...
Gold Prices Approach $4,000 an Ounce
SadaNews - Gold prices have reached a new record level, approaching $4,000 per ounce, amid increasing uncertainty caused by the U.S. government shutdown and the political crisis in France.
Gold rose to $3,977.44 an ounce after a jump of 1.9% on Monday. The suspension of federal activities that be...
The Largest Real Estate Company 'Aldar Properties' Bets on Affordable Homes and Private Fi...
SadaNews - The largest real estate development company in Abu Dhabi has mainly focused on building luxury homes over the past two decades.
However, after the company gained significant cash liquidity following a long period of prosperity, "Aldar Properties" has begun to shift its attention towards...