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Jordan's Central Bank Reduces Interest Rates by 25 Basis Points
SadaNews Economy - The Central Bank of Jordan, in its sixth meeting of this year, has decided to lower the main interest rates and other monetary policy instrument rates by 25 basis points, effective next Sunday.
This decision comes based on the committee's assessment of the economic, monetary, and...
Oil Prices Decline Amid Demand Concerns
SadaNews- Oil prices fell during trading on Thursday, September 18, following the U.S. Federal Reserve's decision to implement its first interest rate cut of the year, amid concerns regarding crude demand levels.
In trading terms, Brent crude futures dropped about 0.3% to $67.76 per barrel, while U...
Gold Falls as Dollar Rises Following U.S. Rate Cut
SadaNews Economy - Gold prices declined from their all-time high during trading on Thursday, September 18, as investors absorbed remarks from U.S. Federal Reserve Chair Jerome Powell in his speech following the bank's decision to cut interest rates by 25 basis points.
The Federal Reserve revealed t...
Gulf Banks Lower Interest Rates Following Federal Reserve Decision
SadaNews - Several Gulf central banks announced on Wednesday the reduction of interest rates following a similar decision by the U.S. Federal Reserve.
The Saudi Central Bank (SAMA) decided to cut the repo rate by 25 basis points to 4.75%, and to lower the reverse repo rate by 25 basis points to 4.2...
In Line With Expectations.. The Federal Reserve Cuts Interest Rates by 25 Basis Points for...
SadaNews - The Federal Reserve has cut interest rates by 25 basis points in support of the U.S. labor market after cracks started to appear, abandoning the wait-and-see policy it had followed since the end of last year.
The Federal Open Market Committee voted on Wednesday to reduce the benchmark in...
The European Union Announces Suspension of Some Clauses of the Partnership Agreement with...
SadaNews Translation - Following the announcement by European Commission President Ursula von der Leyen in the State of the Union address, the European Commission today presented its proposal to the Council of the European Union to suspend certain trade-related clauses in the Partnership Agreement b...
Stability in Oil Prices After Three Days of Gains
SadaNews - Oil prices stabilized after three days of gains, as investors assess the implications of the recent Ukrainian strikes on Russian oil facilities, amid expectations of a surplus in supply in the coming months.
Brent crude traded above $68 per barrel after a 3.2% rise over the past three se...
Gold Price Exceeds Recent Gains Supported by Market Expectations for Interest Rate Cuts
SadaNews - The price of gold maintained its recent gains, surpassing the $3700 per ounce mark for the first time ever, supported by market expectations for interest rate cuts in the Federal Reserve meeting on Wednesday.
The precious metal traded near $3694 per ounce on Wednesday morning, only abo...
Jordan Central Bank: Tourist Sector Revenues Increase by 7.5%
SadaNews - The Jordan Central Bank announced today, Tuesday, that revenues from the tourism sector increased by 7.5% in the first eight months of 2025 compared to the same period last year, reaching 5.33 billion dollars.
The Jordan Central Bank added in a press statement that this increase was due...
Aaron Brown reveals: "The current gold rush has nothing to do with inflation...nor with go...
SadaNews - The price of gold has recently shattered a record that has stood for more than four decades, when adjusted for inflation. At current levels, the purchasing power of gold has surpassed its peak recorded in January 1980 at $850, equivalent to $3,524 in today's value.
There are usually two...
Oil Maintains Gains Amid Anticipation of New Sanctions on Russia
SadaNews - The price of oil stabilized after two days of gains, as investors evaluated the likelihood of new Western sanctions on Russian exports, against concerns of an impending global supply glut.
Brent crude traded above $67 a barrel after gaining 1.6% over the previous two sessions, while West...
Gold Prices Reach New Record Level Amid Growing Bets on Interest Rate Cuts
SadaNews - The price of gold has reached a new record level, as investors' bets on a potential interest rate cut from the Federal Reserve this week increase, amid expectations of further monetary easing in the coming months.
Gold surpassed its all-time high on Tuesday, which was recorded on Monday...