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Macron: It is Time for Europe to Find a Common Borrowing Mechanism and Challenge the Dolla...
SadaNews Economy - French President Emmanuel Macron stated in press interviews published today, Tuesday, that the European Union needs to establish a means for common borrowing, such as through euro-denominated bonds, as this will help challenge the dominance of the dollar.
Macron told newspapers i...
Gold prices decline amid profit-taking in a volatile market
SadaNews - Gold prices have declined after two days of gains, as investors opted to take profits in a volatile market that is still trying to find a support level, following a historic sell-off.
Spot bullion fell by as much as 1.4% in early trade, before trimming losses to trade just above $5,000 a...
Warnings Against Europe's Dependence on American Visa and Mastercard
SadaNews - The CEO of the European Payment Initiative, Martina Weimert, warned of Europe's significant reliance on payment systems through American companies Visa and Mastercard.
Weimert stated in an interview with the Financial Times that Europe has good local payment cards, but "we do not have an...
Oil Prices Decline as Tensions Ease in the Middle East
SadaNews - Oil prices fell as tensions in the Middle East eased, reducing the likelihood of supply disruptions in the near term.
Brent crude dipped close to $67 per barrel after losing about 4% last week, while West Texas Intermediate crude was trading near $63.
Iran and the United States held tal...
Gold Prices Rise Again After a Tough Week for Investors
SadaNews - Gold prices rose as buyers looking to capitalize on dips returned to the market after an exceptional week of sharp volatility in precious metals.
Gold traded up and down around the $5,000 per ounce mark, trying to find solid ground after a historic selling wave at the end of last month....
Al-Falih: We have signed agreements worth 20 billion riyals... and there is no ceiling for...
SadaNews - Saudi companies have signed a package of investment partnerships and strategic contracts with Syrian government entities, including sectors such as aviation, telecommunications, infrastructure, and development initiatives, worth up to 20 billion riyals, to enhance investment cooperation a...
Egypt establishes first sodium cyanide production plant in the Middle East
Economy SadaNews - The Egyptian government announced on Saturday the establishment of the first sodium cyanide production plant in the Middle East in Alexandria Governorate on the Mediterranean coast, with an annual production capacity of 50,000 tons and investments of 200 million dollars in the fir...
Trump Cancels ‘Punitive’ Tariffs on India After Its Pledge to Stop Buying Russian Oil
SadaNews Economy - U.S. President Donald Trump made a decision late Friday to Saturday to cancel an additional 25% tariff that was previously imposed on Indian goods due to New Delhi's continued purchase of Russian oil, coinciding with the commencement of a trade agreement reached between the two si...
The European Union Announces the Twentieth Package of Sanctions on Russia
SadaNews - The European Union announced the twentieth package of sanctions on Russia, which includes the energy, financial services, and trade sectors, along with a complete ban on marine services for Russian oil.
Ban on Marine Services for Transporting Russian Oil
The sanctions proposal, released...
Tech Giants Inject $650 Billion in AI Race
SadaNews - Four of the largest American technology companies expect their combined capital expenditures to reach around $650 billion by 2026, in a massive spending wave dedicated to building new data centers and providing the long list of devices needed to operate them, including artificial intellig...
Gold and Silver Continue to Decline Amid Strength of the Dollar
SadaNews Economy - Gold and silver continued their losses today, Friday, erasing most of the gains they had made during a brief recovery earlier this week due to the global decline in technology company stocks and the rise in the value of the dollar.
Gold fell 0.7% in spot trading to $4840.99 per o...
"European Central Bank" Keeps Interest Rates Unchanged for the Fifth Consecutive Time
SadaNews Economy: The European Central Bank kept interest rates unchanged today, Thursday, for the fifth consecutive time as expected, ignoring the drop in inflation while continuing to warn of geopolitical instability.
The bank left the deposit interest rate at 2%, a level it has maintained since...