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Gold Records Near $4,015 Amid Awaiting American Data Due to Government Shutdown
SadaNews - Gold prices recorded close to $4,015 an ounce on Tuesday, following three days of losses driven by fading expectations of an interest rate cut in the United States next month. While investors and policymakers await a slew of delayed data after the longest government shutdown in U.S. histo...
Serbia Ready to Increase Spending to Regain Control of the Only Oil Refinery from Russia
SadaNews - Serbia has expressed its readiness to pay a higher price to regain control of the oil refining company "NIS AD", while looking for ways to separate the Russian-owned company from intensified U.S. sanctions, according to President Aleksandar Vučić on Sunday.
Vučić said during...
"Airbus" is Set to Win Most of the "Fly Dubai" Deal at the Dubai Airshow
SadaNews - Airbus is preparing to achieve an early strategic victory at the Dubai Airshow, after a large order that was expected to go to its rival Boeing has turned in favor of the European aircraft manufacturer.
Airbus is expected to win the vast majority of the ongoing negotiations with Flydubai...
Electricity Production in Syria Increases to About 2400 Megawatts
SadaNews - Electricity production in Syria has risen to about 2400 megawatts, allowing for a noticeable improvement in electricity supply in several provinces, including supplying the capital, Damascus, with electricity for 24 hours for the first time since 2011, according to Mohammad Fadila, direct...
Oil Prices Fall as Activity Resumes at Russian Port Bombed by Ukraine
SadaNews - Oil prices fell after signs of resumed activity at the main Russian port of Novorossiysk on the Black Sea, following a Ukrainian attack last week that caused some damage and halted operations.
Brent crude dropped below $64 a barrel after closing up more than 2% on Friday following the at...
Gold Declines Ahead of U.S. Data That May Determine Interest Rate Direction
SadaNews Economy - Gold prices fell on Monday as investors await a series of U.S. economic data this week, which may provide a clearer view of the Federal Reserve’s interest rate path.
Gold fell in spot transactions to record $4059.40 per ounce. Meanwhile, December gold futures dropped about 0.5% t...
With an investment of $180 million.. Italian company "Eni" intends to establish a gas proc...
SadaNews - The Italian company "Eni" is seeking to enhance its presence in the Egyptian market by establishing a new gas processing plant in its Maliha land concession in the Western Desert, at a cost of $180 million, with a capacity of up to 100 million cubic feet per day, according to a government...
Europe Faces Economic Slowdown Under Pressure from Trump's Tariffs and Germany's Recession
SadaNews - EU officials are expected to lower growth forecasts for 2026 next week as part of an assessment of the damage to the region's economy, following a year since Donald Trump returned to the White House.
The forecasts, which will be announced in Brussels tomorrow, Monday, are likely to hig...
Trump Signs Executive Order Exempting Agricultural Products from Tariffs
SadaNews Economy - US President Donald Trump signed an executive order late Friday to Saturday, reducing tariffs on imports such as beef, bananas, coffee, and tomatoes, while his administration faces pressure from voters struggling with rising living costs.
Trump's administration decided to exempt...
Restrictions on Money Transfers in Lebanon Amid US Pressure to Cut Hezbollah Funding
SadaNews - The Central Bank of Lebanon today, Friday, imposed new restrictions on financial transactions through non-bank institutions as part of its efforts to combat money laundering and prevent illegal transfers, amid pressures from Washington to dry up Hezbollah's funding sources and strip it of...
Gold Stabilizes After Decline Amid Uncertainty Over U.S. Interest Rate Path
SadaNews - Gold opened trading on Friday stable after its first decline in five days, with expectations diminishing that a return of the U.S. government from shutdown would be followed immediately by a rate cut.
The precious metal traded around $4,175 per ounce, after ending the previous session do...
Oil Prices Surge Amid Ukrainian Strikes and U.S. Sanctions on Russia
SadaNews - Oil prices surged sharply as traders assessed the escalating risks threatening Russian supplies due to Ukrainian military strikes and U.S. sanctions, limiting the impact of increasing indicators pointing to an impending painful surplus in the global oil market.
Brent crude jumped above $...