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Oil Prices Decline Amid Growing Concerns Over Supply Surplus
Sada News - Oil prices declined on Monday under pressure from fears of a global supply surplus, while escalating trade tensions between the United States and China increased concerns about economic slowdown and weak energy demand.
Brent crude futures dropped approximately 0.3%, reaching $61.09 per...
Limited Recovery for Gold After Falling from Its Highest Levels
SadaNews Economy - Gold prices rose slightly today, Monday, supported by the prospects of a reduction in U.S. interest rates in the upcoming period, while investors are awaiting the release of U.S. inflation data and trade talks between the United States and China this week to determine the next dir...
5 Global Companies Considering Acquisition of Jabal El-Zeit Wind Farm in Egypt
SadaNews - Five global investment companies have begun a due diligence examination in preparation for acquiring the Jabal El-Zeit wind farm located on the Red Sea coast in Egypt, according to a government official.
The official's statements come about 48 hours after Egyptian Finance Minister Ahmed...
Trump Approves Tariff Exemptions for Car Production in America
SadaNews Economy - US President Donald Trump has signed orders for significant tariff exemptions for the production of cars and engines in the United States, and has imposed new tariffs of 25 percent on medium and heavy trucks and imported spare parts starting November 1.
Trump has also imposed a 1...
Gold Surpasses $4300 for the First Time Amid Rising Tensions Between China and America
SadaNews Economy - The price of gold has surpassed the $4300 per ounce mark for the first time, as tensions between the United States and China have driven investors towards safe-haven assets, while increasing expectations for a rate cut by the Federal Reserve this month have fueled this momentum....
Conclusion of the 6th Islamic Conference of Ministers of Labour in Doha
SadaNews Economy - The 6th Islamic Conference of Ministers of Labour from the member states of the Organization of Islamic Cooperation concluded today in the Qatari capital, Doha. The conference was held over two days, October 15 and 16, under the theme: "Local Experiences, Global Achievements: Succ...
Moroccan Finance Minister: We Must Accelerate Economic Reforms and Provide Job Opportuniti...
SadaNews - The Moroccan Finance Minister Nadia Fettah Alaoui stated that her country needs to accelerate the pace of economic reforms and provide more job opportunities for youth, describing the recent protests of Generation Z as a "wake-up call."
Alaoui added during a discussion session at the "S...
Federal Reserve Records Indicators of Slowing in the U.S. Economy
SadaNews - Economic activity in the United States has not seen any significant change in recent weeks, while employment levels have remained largely stable, according to the U.S. Federal Reserve.
The "Beige Book" released on Wednesday by the Federal Reserve, which is based on a survey conducted amo...
Gold Prices Reach New Heights Exceeding $4,227 an Ounce
SadaNews - Gold has reached a new record level amid rising tensions between the United States and China, and increasing bets that the U.S. Federal Reserve will maintain its monetary easing policy until the end of the year, thus boosting demand for the precious metal.
Gold has risen nearly 5% since...
Rising Oil Prices After Trump's Statements on India's Stop of Purchasing Russian Crude
SadaNews - Oil prices have risen from their lowest levels in five months after U.S. President Donald Trump stated that Indian Prime Minister Narendra Modi pledged to stop his country's purchases of Russian oil, a move that could tighten global supplies.
Brent crude traded above $62 a barrel after d...
New Record in Global Electric Car Sales
SadaNews Economy: Market research company "Ro Motion" reported on Wednesday that global sales of electric and hybrid cars rose by 26% in September compared to last year, reaching a record number of 2.1 million units, driven by strong demand in China and a late rush to take advantage of tax...
Egypt: 15 Million Tourists Received During the First 9 Months of 2025
SadaNews - Egypt received 15 million tourists during the first 9 months of this year, a growth of 21% year-on-year, bringing it closer to its target of 18 million tourists by the end of the year.
Egypt's Minister of Tourism and Antiquities, Sherif Fathy, stated that "the number of touris...