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Japanese Oil Tanker Appears Outside Hormuz After Rare Passage
SadaNews - A giant Japanese oil tanker appeared in the Gulf of Oman after its last tracking signal indicated it was in the Arabian Gulf, indicating a rare and discreet crossing of the Strait of Hormuz by a vessel from the Asian state.
Tracking data showed that the tanker "Eneos Endeavor", a giant c...
The Central Bank of Egypt Launches "Know Your Customer" Service via Mobile in the Third Qu...
SadaNews - The Digital Financial Identity Company affiliated with the Central Bank of Egypt plans to launch a "Know Your Customer" (KYC) service via mobile phone during the third quarter of this year, according to Tamer Gadallah, the company's managing director.
Gadallah added that the digital plat...
Oil Stabilizes as Trump and Xi Summit Begins Amid Stalemate in Iran War
SadaNews - Oil prices stabilized as a meeting commenced between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, amid the Iran war that shows no signs of a near resolution.
Brent crude traded around $106 per barrel after a 2% decline in the previous session, while West Texas Inte...
Gold Holds Near $4,700 Amid U.S. Inflation Pressures
SadaNews - Gold held steady after a decline, as rising inflation in the United States bolstered bets that the Federal Reserve will keep interest rates higher for a longer period.
The precious metal was trading near $4,697 per ounce after a 0.6% drop on Wednesday following data showing that wholesal...
Bloomberg: "Aramco" is considering raising over $10 billion from its real estate assets
SadaNews - Saudi "Aramco" is considering plans to raise billions of dollars from its real estate assets, including a massive complex that houses its headquarters in the Eastern Province of the Kingdom.
According to sources familiar with the matter, who requested to remain anonymous due to the confi...
Giant Chinese Oil Tanker Attempts to Exit the Strait of Hormuz
SadaNews - A giant Chinese oil tanker is reportedly headed out of the Arabian Gulf, making a rare crossing attempt through the Strait of Hormuz, ahead of anticipated talks between U.S. President Donald Trump and Chinese President Xi Jinping.
Tracking data showed the giant tanker "Yuan Hua Hu" movin...
The IMF Confirms Its "Strong" Support for Egypt Amid Iranian War Pressures
SadaNews - Kristalina Georgieva, the Director of the International Monetary Fund, confirmed the institution's strong support for Egypt during a meeting with President Abdel Fattah El-Sisi on the sidelines of the "Africa Forward" summit held in Kenya.
Georgieva stated in a post on the "X" platform t...
War, Trade, and Semiconductors: Heavy Files Awaiting Trump in China
SadaNews - U.S. President Donald Trump is scheduled to arrive in the Chinese capital, Beijing, today, Wednesday, for a state visit during which he will meet with Chinese President Xi Jinping amid tense international conditions dominated by issues of trade, war, and artificial intelligence.
Before l...
Oil Stabilizes After Three Days of Gains Amid Ongoing Hormuz Crisis
SadaNews - Oil stabilized after rising nearly 8% during the past three sessions, as the inability to reach a solution to the Middle East conflict continues, along with increasing pressures on Iranian exports due to a U.S. maritime blockade of the Strait of Hormuz.
West Texas Intermediate crude trad...
Gold Nears $4,701 Despite Rising Rate Hike Bets
SadaNews - Gold has stabilized after its decline, following the rise in inflation in the United States which has increased the likelihood of the Federal Reserve raising interest rates this year.
The precious metal was trading around $4,701 an ounce, after a 0.4% drop on Tuesday. The Consumer Price...
$2.17 Billion in Tourism Income for Jordan Since the Beginning of the Year, Down 10.4%
SadaNews Economy - Preliminary data released by the Central Bank of Jordan indicates a 27.2% drop in tourism income during the month of April 2026, reaching $517.1 million, primarily due to a decrease in tourism income from all nationalities.
In light of this, tourism income during the first four m...
Central Banks' Use of Yuan Swap Lines Reaches Highest Level in Two Years
SadaNews - The use of global central banks of the "People's Bank of China's" swap lines reached its highest level in two years during the first quarter, reflecting the growing international demand for the Chinese currency.
By the end of March, central banks around the world had withdrawn a total of...