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Iran: 300 Ships Requested Permits to Cross Hormuz Since April
SadaNews - The "Persian Gulf Shipping Authority" (PGSA), established by Iran to regulate traffic through the Strait of Hormuz, announced that more than 300 ships have applied for crossing permits since April.
This was stated in a statement published by the authority, which mentioned that more than...
Oil Maintains Its Largest Gains in a Month Amidst Stagnation of Washington-Tehran Talks
SadaNews - Oil prices stabilized after their biggest gains in about a month, as uncertainty regarding the status of peace talks between the United States and Iran increased the risk of prolonged energy flow reductions from the Arabian Gulf.
Brent crude for August delivery traded under $95 a barrel...
Gold Falls Amidst Fluctuations from Iran War and U.S. Interest Rate Anticipation
SadaNews - Gold has decreased amid conflicting messages from the United States and Iran regarding reaching a diplomatic solution to the war, maintaining fears about ongoing trade and geopolitical disturbances.
The precious metal was recorded at nearly $4,518 an ounce, after dropping by 1.2% on Mond...
Jordan: Increase in Salary and Pension Costs by 103.4 Million Dinars in 3 Months
SadaNews - The total expenditures of the government on salaries, wages, allowances, pensions, and compensations during the first quarter of this year increased by 103.4 million dinars compared to the same period last year.
According to data from the Ministry of Finance, the value of these expendi...
Japanese Companies Reduce Investment Spending Amid Fallout from Iran War
SadaNews - Major Japanese companies have cut their capital expenditure in the first quarter as business confidence begins to decline amid uncertainty stemming from escalating unrest in the Middle East.
Capital expenditure, excluding software, decreased by 3.5% compared to the previous quarter durin...
Powell: The Credibility of the "Federal Reserve" Will Wane If the President Can Dismiss It...
SadaNews - Former Federal Reserve Chairman Jerome Powell stated that the U.S. central bank will lose the necessary credibility to support a strong and stable economy if any president is able to dismiss Federal Reserve officials over monetary policy disagreements.
Powell added, according to a prepar...
Egypt Attracts $300 Million from China for First Wind Turbine Factory
SadaNews - The Chinese Sany Group plans to invest over $300 million to establish the first factory for producing wind turbines and components in Egypt, within the Suez Canal Economic Zone, according to a government official to "Al-Sharq", in a move that supports Cairo's efforts to localize clean ene...
How Qatari Investment Transformed Paris Saint-Germain into a Title and Revenue Machine?
SadaNews - Paris Saint-Germain did not assume the throne of European football merely by gathering Messi, Neymar, and Kylian Mbappe in a single attack line, but when it abandoned the logic of superstars to win the UEFA Champions League back-to-back.
However, this paradox does not negate the fact tha...
Oil Prices Rise Amid Uncertainty Over Fate of Ceasefire Agreement Between America and Iran
SadaNews - Oil prices have risen from their lowest levels in six weeks amid continued uncertainty about the prospects for a peace agreement to end the Iran war.
Brent crude rose closer to the $93 per barrel mark, after ending Friday's trading at its lowest close since mid-April. West Texas Intermed...
Fluctuations in Gold and Silver Prices Amid Ongoing Geopolitical Tensions
SadaNews - Precious metal prices are experiencing noticeable fluctuations in financial market trading.
Gold prices have been recorded near the level of $4,518 per ounce. This figure comes amid a continuous state of anticipation in the markets, given the yellow metal's relationship with global monet...
Contraction of Manufacturing Activity in China During May
SadaNews - A survey released today, Sunday, indicated a contraction in manufacturing activity in China during May, signaling ongoing pressures faced by the sector due to weak domestic demand and rising production costs.
According to data from the National Bureau of Statistics, the manufacturing Pur...
Iraq Raises Gasoline Production to 40 Million Liters Daily to Meet Increasing Demand
SadaNews - The Iraqi Ministry of Oil announced an increase in gasoline production to 40 million liters daily to meet the rising demand, according to the Iraqi News Agency (INA).
The General Director of the Oil Products Distribution Company, affiliated with the Ministry of Oil, Hussein Taleb, stated...