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Bitcoin Falls Near $63,000 Following Attack on Iran
SadaNews Economy - The cryptocurrency markets experienced a sharp decline during Saturday's trading, with Bitcoin approaching the $63,000 level, recording a drop of about 3 percent within a few hours.
This decline comes in the wake of reports that the United States and Israel launched joint militar...
The Trap of High Prices: Debts Haunt Germans and Bankruptcy Knocks at Their Doors
SadaNews - Rising energy and food prices are pushing more consumers to borrow and declare bankruptcy.
According to data from the information provider "Kreif", there were 107,816 recorded personal bankruptcies in Germany last year, an increase of 7.8 percent compared to 2024. The numbers are expecte...
Major Changes in the Saudi Public Investment Fund… What is Happening?
SadaNews - Bloomberg Agency revealed administrative changes in the Saudi Public Investment Fund to attract additional investments to the Kingdom in line with the economic transformation plan "Vision 2030."
The agency reported that the sovereign wealth fund asked one of the senior executives tasked...
Gold Stabilizes and Heads for its Seventh Consecutive Monthly Gain
SadaNews Economy - Gold stabilized overall today, Friday, as a decline in U.S. Treasury yields contributed to reducing the opportunity cost of holding the precious metal, compensating for the impact of a strong dollar and indications of progress in talks between the U.S. and Iran.
Gold stayed ste...
The IMF Disburses Approximately $2.3 Billion to Egypt Following Two Reviews of the "Reform...
SadaNews - The International Monetary Fund has disbursed funding to Egypt amounting to nearly $2.3 billion, following the completion of the fifth and sixth reviews of the economic reform program implemented by Cairo under the "Extended Fund Facility".
In March 2024, the Fund had approved an expande...
Oil Rises Amid Expectations for Nuclear Negotiations Between Washington and Tehran
SadaNews - Oil prices rose slightly ahead of the nuclear talks between the United States and Iran, while some major Middle Eastern producers boosted their exports, amid rising fears of potential conflict in the region which creates uncertainty about future supplies.
Brent crude climbed above $71 pe...
Gold prices near $5187 per ounce as tensions escalate
SadaNews - Gold prices rose as traders assessed geopolitical tensions in the Middle East and the impact of U.S. tariffs on global trade.
The price of the precious metal climbed toward the $5200 per ounce mark, having gained nearly 6% over the past six sessions, amidst a buildup of U.S. forces in th...
How Will Oil Be Affected If Tensions Between Washington and Tehran Escalate?
SadaNews - The escalating tensions between the United States and Iran have already pushed oil prices to their highest levels in six months. Oil traders are closely monitoring any potential escalation that could disrupt Iran's crude production or push its government to close a vital shipping route us...
Gold prices approach $5186 per ounce and silver hovers around $90
SadaNews - The prices of precious metals, gold and silver, recorded an increase in global markets today, driven by rising investor demand for safe-haven assets amidst uncertainty in global financial markets.
Gold approached the level of $5186 per ounce during trading on Wednesday, as investors lean...
"Lucid" Slows Production Pace Amid Challenges Hitting the Electric Vehicle Sector
SadaNews - The company "Lucid" intends to increase the production of electric vehicles, but at a slower pace in 2026, following a year marked by production difficulties and a decline in demand for battery-operated vehicles in the United States.
The electric vehicle manufacturer stated that it will...
3 Scenarios.. How Will Insurance Companies Be Affected in Case of a US Attack on Iran?
SadaNews - Babak Tafasooli, Chief Political and Credit Risk Analyst at Scor, said in a post on "LinkedIn" that a US attack on Iran is now the most likely scenario following the steps Washington has taken to bolster its military presence in the region recently.
Tafasooli noted what he described as t...
Implementation of Trump's New 10% Tariffs on Imports from Countries Worldwide Begins
SadaNews - New U.S. tariffs on imported goods came into effect today, Tuesday, as President Donald Trump seeks to reshape his trade agenda following the Supreme Court's rejection of a broad range of global tariffs he had imposed.
These new tariffs, outlined in an executive order issued on Friday, a...