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Wall Street Concludes on Oil Surplus in 2027.. Price Predictions Ranging from $60 to $75 p...
SadaNews - Major investment banks on "Wall Street" have agreed in reports published since the ceasefire between the U.S. and Iran that the largest supply shock in the history of the oil market will turn into its opposite: a surplus ranging between 3 to 4.8 million barrels per day in 2027, with the r...
"EasyJet" Accepts $7.3 Billion U.S. Acquisition Offer
SadaNews - The British budget airline "EasyJet" has accepted an improved acquisition offer from the U.S. private equity firm "Castle Lake", valuing the company at £5.5 billion (about $7.34 billion), in a deal that could represent one of the most significant shifts in the European aviation sector if...
Silent Financial Leak.. How Much Do Food Delivery Apps Cost You Annually?
SadaNews - Food delivery apps are no longer just a means of saving time; they have become part of a new consumption pattern that reshapes families' relationships with food and spending.
With the proliferation of these services, ordering a meal via phone now takes just a few minutes, but its actual...
Oil Fluctuates Within a Narrow Range as Flows through the Strait of Hormuz Recover
SadaNews - Oil has fluctuated within a narrow range, as flows continue through the Strait of Hormuz, and "OPEC+" signals an increase in supplies.
Brent crude traded below $72 a barrel, while West Texas Intermediate crude was around $69. Oil and gas shipments through the U.S.-protected corridor show...
Gold Stabilizes Around $4,160 as U.S. Rate Hike Bets Diminish
SadaNews - Gold stabilized after recording its first weekly gain since May, supported by a decrease in expectations that the U.S. Federal Reserve will raise interest rates.
The precious metal was near $4,155 per ounce after rising more than 2% last week. Weak U.S. jobs data and falling energy pri...
Oil Drop Raises Glut Fears Amid Flow of Hormuz Supplies and Weak Chinese Demand
SadaNews - Oil prices are declining everywhere as the peace agreement between the United States and Iran unleashes a wave of supplies that exceed buyers' demand and fuels talk of a surplus.
This is a remarkable shift; less than three months ago, the main benchmark for global oil (Brent crude) hit i...
Gold Prices Reach Around $4,175 per Ounce
SadaNews - Gold prices have reached around $4,175 per ounce.
In other precious metal markets, silver prices were recorded trading near the $62 per ounce level.
The dollar is headed for a weekly decline, making gold, priced in dollars, cheaper for holders of other currencies.
According to the CME'...
Central Banks Continue Strong Gold Purchases Despite Interest Rate Pressures
SadaNews - Central banks have returned to increase their gold purchases in May, indicating that the decline in momentum of the precious metal this year under the pressure of U.S. interest rate expectations has not diminished its luster as one of the reserve assets for monetary institutions.
Net gol...
FAO: Global Food Prices Rise 2.2% Year-on-Year
SadaNews Economy - The data from the Food and Agriculture Organization (FAO) of the United Nations showed a global increase in food prices of 2.2 percent year-on-year during June.
The organization stated in a statement that the global food commodity price index registered an annual increase of 2.2...
World Bank: Jordan Rises to High Middle-Income Country Category
SadaNews Economy - The World Bank announced, in its annual update of country income classifications for the fiscal year 2027, the official transition of Jordan from the low middle-income category to the high middle-income category, a step that reflects improved economic indicators and updates in nat...
Gold Heads for First Weekly Increase in 5 Weeks
SadaNews Economy - Gold rose by more than one percent on Friday and is heading to record its first weekly gains in five weeks amid a decline in investors' expectations for the Federal Reserve (the U.S. central bank) to raise interest rates following the release of U.S. employment data that came in w...
Wall Street Banks Intensify Hiring in the Gulf to Keep Up with "War Deals"
SadaNews - With the outbreak of war in the Middle East in February, Wall Street banks were preparing for the possibility of a prolonged slowdown in the region's activity. However, after three months, many financial institutions are turning to hire more bankers, as local investors have largely ignore...