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Jordan and the European Union Sign Financing Agreements Worth 135 Million Euros
SadaNews - Minister of Planning and International Cooperation Zeina Touqan witnessed on Thursday the signing of three financing agreements totaling 135 million euros, as part of the strategic and comprehensive partnership between the European Union and Jordan.
The agreements aim to enhance cooper...
"Abu Dhabi Commercial Bank" Expects Saudi Budget Deficit to Decrease Despite Increased Spe...
SadaNews - Abu Dhabi Commercial Bank expects the Saudi budget deficit for the year 2026 to decrease more than previously anticipated before the outbreak of the Iran war, driven by rising oil prices, despite increased government spending and a slight decline in revenues during the first quarter.
Mon...
Asian Stocks Reach Record Levels Amid Optimism for Ending Iran War
SadaNews - Asian stocks rose to record levels, driven by a surge in Japanese stocks as they returned from holiday, amidst growing optimism that the United States and Iran are nearing an agreement to end the conflict that has shaken markets and clouded economic prospects.
The "Nikkei 225" index jump...
What Does the Expected Lifting of American Sanctions Mean for Iran's Economy?
SadaNews - The battlefronts between the United States and Iran have extended into multiple domains, political, cultural, and economic, following the outbreak of the Iranian revolution in 1979. One of the most notable aspects at the economic level was Washington's freezing of huge amounts of Iranian...
China asks its banks to suspend loans to US-sanctioned refineries
SadaNews - China's financial regulatory authority urged the country's major banks to temporarily suspend new loans to five refineries recently sanctioned by the United States due to their ties to Iranian oil, according to people familiar with the matter.
The National Administration of Financial Reg...
Oil Stabilizes After Sharp Drop Amid Anticipation of Tehran's Response to Washington's Pro...
SadaNews - Oil prices stabilized after falling by about 8% in the previous session, as the United States and Iran consider a new proposal to end the war in the Middle East.
Brent crude surpassed $102 per barrel, while West Texas Intermediate crude approached $96.
A source familiar with the matter...
Gold Stabilizes After Surge Supported by Hopes for an Agreement with Iran
SadaNews - Gold prices stabilized after their biggest daily increase since the end of March, as hopes for an agreement between the United States and Iran led to a drop in oil prices and eased inflation concerns.
The precious metal traded at around $4696 per ounce, after gaining 3% on Wednesday. The...
Samsung Joins the Trillion Dollar Club
SadaNews - Samsung Electronics has reached a market value of one trillion dollars, following strong demand for chips used in artificial intelligence, which led the world's largest memory manufacturer’s stock to rise more than fourfold over the past year.
This milestone came with the company's stock...
Qatar Relies on Gas Expansions to Compensate for Production Affected by War
SadaNews - Qatari Finance Minister Ali Al-Kuwari confirmed that Qatar is capable of compensating for the production losses caused by the war in Iran through ongoing gas expansion projects and its joint ventures in the United States, emphasizing that the repercussions of the war will not change the c...
Oil Declines for the Second Day as Iran Talks Progress
SadaNews - Oil prices fell for the second day after U.S. President Donald Trump stated that there has been "significant progress" towards a final agreement to end the war with Iran.
Brent crude dipped towards $108 a barrel after dropping by 4% on Tuesday, while West Texas Intermediate crude hovered...
Gold Continues Gains as Dollar Falls and Iran Talks Progress
SadaNews - Gold continued its gains after U.S. President Donald Trump indicated progress towards a final agreement with Iran, easing inflationary pressures and pushing the dollar lower.
The precious metal rose to around $4,651 an ounce, after increasing by 0.8% on Tuesday. The dollar index fell by...
Saudi Arabia Delivers Its Annual Contribution of Two Million Dollars to UNRWA
SadaNews - On Tuesday, the Ambassador of the Custodian of the Two Holy Mosques to the Hashemite Kingdom of Jordan, the non-resident ambassador and commissioner to the State of Palestine, Prince Mansour bin Khalid bin Farhan Al Saud, delivered Saudi Arabia's annual contribution of two million dol...