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Gold Prices Hover Around $3,960 an Ounce
SadaNews - Gold prices dropped after three Federal Reserve policymakers refrained from supporting a new interest rate cut next month, while the US dollar index continued to trade near its highest levels in several months.
The precious metal fell and was recorded near $3,960 an ounce after swinging...
UAE: The World Needs Massive Capital Investments Exceeding $4 Trillion Annually to Meet En...
SadaNews - The world needs massive capital investments exceeding $4 trillion annually to meet the demands of electricity networks, data centers, and to provide all sources of energy supply, emphasizing that the short-term outlook is certain, while demand for energy in all its forms remains very stro...
Why Doesn't Morocco's Economy Create Enough Job Opportunities?
SadaNews - Despite the growth rates achieved by Morocco's economy, providing enough job opportunities to absorb unemployment, especially among youth, remains a major challenge.
The figures clearly reflect the paradox: During the first and second quarters of the year, the Kingdom achieved growth of...
Egyptian National Bank lends "East Mediterranean Gas" $300 million to receive Israeli gas
SadaNews - The "Egyptian National Bank", the largest state-owned bank, intends to lend the company "East Mediterranean Gas" $300 million to finance the construction of a new pipeline in Sinai for transporting additional quantities of Israeli gas to Egypt, according to three informed sources who requ...
Gold price exceeds $4000 per ounce
SadaNews - Gold prices have risen above the level of $4000 per ounce even after China ended a long-standing tax exemption for some retailers, a move that could weaken demand in one of the world's largest precious metals markets.
The precious metal increased by 0.14% to approximately $4008.69 per ou...
Dispute Between "EGAS" and Fertilizer Companies Over Natural Gas Price Increase
SadaNews - The increase of one dollar to the natural gas price for fertilizer factories in Egypt starting from last October has sparked a dispute between four companies (Abu Qir, Helwan, Kima, Alexandria) and the Egyptian Natural Gas Holding Company "EGAS", regarding the application of the price equ...
Expectations Indicate Bank of England's Move to Keep Interest Rates Unchanged Ahead of Bud...
SadaNews - It is expected that the Bank of England will keep interest rates unchanged on Thursday, slowing the pace of monetary easing that it has maintained for over a year at a quarter-point every 3 months.
Investors and economists expect that the bank's Monetary Policy Committee will keep the in...
OPEC+ Moves Towards Approving a Slight Increase in Oil Production for December
SadaNews - Discussions among the "OPEC+" alliance are currently focused on approving a slight increase in oil production for December, according to three representatives familiar with the ongoing talks ahead of an online meeting scheduled for Sunday.
The representatives, who requested anonymity due...
Saudi "SABIC" Turns Profitable but Below Market Expectations
SadaNews - The "Saudi Basic Industries Corporation" (SABIC), the largest petrochemical company in Saudi Arabia, returned to profitability in the third quarter of 2025, indicating an improvement in the operating environment, ending a series of losses that lasted for three consecutive quarters. Howeve...
Gold Council: Global Demand for Gold Reaches Record Level
SadaNews - The World Gold Council announced yesterday, Thursday, that global demand for gold rose by 3% year-on-year to reach 1,313 tons, the highest quarterly figure ever recorded, in the third quarter of the year, with a sharp increase in investment demand.
Gold prices in the spot market have sur...
Jordanian Central Bank Cuts Interest Rate by 25 Basis Points to Support Monetary Stability
SadaNews Economy - The Open Market Operations Committee at the Central Bank of Jordan decided, in its seventh meeting of this year, to lower the "key interest rate" of the Central Bank and the interest rates on other monetary policy tools by 25 basis points, effective Sunday, November 2, 2025.
This...
Investigation Reveals Secret Cooperation Between Israel, Google, and Amazon
SadaNews - An investigation conducted by the British newspaper "The Guardian" and other media outlets has revealed that Google and Amazon agreed to conditions set by Israel that allow it to circumvent legal orders in exchange for signing a cloud services deal worth $1.2 billion.
Accordi...