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Stability of Gold Prices Near Their Record Levels
SadaNews - The price of gold has stabilized near its record levels, as traders prepare for the possibility of a reduction by the US Federal Reserve this week and await any signals for further monetary easing throughout the year.
The yellow metal traded at around $3,640 an ounce, after four consecut...
After Last Week's Gains.. Stability in Oil Prices
SadaNews - Oil prices stabilized after gains recorded last week, amid market monitoring of tightened restrictions on Russian exports, against indications of a projected surplus in supply in the coming period.
Brent crude traded near $67 a barrel after a 2.3% increase last week, while West Texas Int...
Resumption of Low-Cost Flights from Europe to Jordan
SadaNews - Low-cost airlines have gradually resumed their flights to Jordan from Europe, according to Haitham Musto, the head of the Civil Aviation Authority in the Kingdom.
Jordanian News Agency (Petra) quoted Musto as saying that "Wizz Air Hungary" has begun operating two flights per week to the...
Iraq Signs Contracts Worth $1.3 Billion with the International Finance Corporation
SadaNews - Iraq announced the signing of several investment and developmental contracts with the International Finance Corporation (IFC) worth $1.3 billion, marking the 20th anniversary of the institution's presence and partnerships in the country, according to a statement released by the Cabinet to...
Gold Surpasses Its Historical Peak
SadaNews - Gold has surpassed its historically adjusted peak, which was recorded more than 45 years ago, amid rising concerns about the trajectory of the U.S. economy, propelling its three-year upward trend to unprecedented levels.
The spot price of gold has risen by about 5% since the beginning of...
What if the $3 Trillion Artificial Intelligence Investment Bubble Bursts?
SadaNews - Since the launch of "ChatGPT" in 2022, the world has entered a frantic investment race in artificial intelligence, reaching its peak this year with major U.S. technology companies spending nearly $400 billion on the infrastructure needed to operate large models, according to The...
Central Bank of Russia Cuts Interest Rates by About 100 Basis Points
SadaNews - The Central Bank of Russia reduced interest rates today, Friday, by about 100 basis points to 17%, amid slowing inflation and increasing pressures from officials and the business sector to save the economy from falling into the clutches of recession.
This reduction is the second consecut...
Istanbul Canal: Turkey's Stalled Project Amid Funding Challenges and Opposition Controvers...
SadaNews - The Istanbul Canal project stands out as one of the most ambitious urban initiatives in Turkey's history, combining grand promises with heavy challenges. The government sees it as a gateway to transforming the geographic and economic landscape through a public-private partnership mode...
Currency Exchange Rates Against the Shekel Today, Saturday
SadaNews - The exchange rates of currencies against the shekel today, Saturday:
US Dollar: 3.33
Jordanian Dinar: 4.70
Euro: 3.91
Europe Faces Difficult Test Between Boycotting Israel or Its Defense Interests
SadaNews - Amid scenes of destruction and hunger in Gaza, and the attack that took place this week in Qatar, frustrated European leaders are hinting at imposing sanctions on Israel and reevaluating their relationship with their traditional ally.
However, despite the rising anger, including moves to...
Oil Prices Fall as Attention Shifts to Oversupply Concerns
SadaNews - Oil prices dropped after a three-day rally as negative forecasts overshadowed fears of potential supply disruptions due to geopolitical tensions.
The price of West Texas Intermediate crude fell 2% to settle below $63 per barrel, after the International Energy Agency indicated it expects...
Gold Price Nearing Its Historical Peak as the Federal Reserve's Decision Time Approaches
SadaNews Economy - Gold is on track to achieve gains for the fourth consecutive week, supported by expectations of the U.S. Federal Reserve cutting interest rates, along with increasing inflows into gold-backed exchange-traded funds.
The price of gold bullion rose to $3,650 per ounce, an increase o...