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US sanctions confuse oil markets and force tankers to avoid the route to China
SadaNews - Three giant oil tankers that were heading to the Rizhao port are seeking alternative berths after the United States imposed sanctions on the port, which receives about a tenth of China's oil imports.
Tracking data collected by "Bloomberg" indicates that two Very Large Crude Carriers (VLC...
Promising Investment Opportunities Worth 60 Billion Riyals After Covering Iron Sector Defi...
SadaNews - Saudi Arabia has completed the study of optimal options to cover the deficit in the local iron and steel market, which involves manufacturing seven products, allowing for investment opportunities estimated at around 60 billion Riyals, according to Bandar Al-Khorayef, the Saudi Minister of...
Losses of $131 Billion Cause a Quake in the Cryptocurrency Market
SadaNews - The alternative currency market witnessed a dramatic collapse last week, with no signs yet of a near return for speculators.
The collapse affected not only Bitcoin but swept through entire systems of digital tokens where speculation has increased, drawing bettors due to promises of immen...
Gold Prices Rise Near $4,200 an Ounce
Sada News - Gold reached a new record level near $4,200 an ounce on Wednesday, supported by rising expectations of further cuts to U.S. interest rates, while renewed concerns about trade relations between the U.S. and China contributed to increased demand for safe havens.
Spot gold recorded a rise...
Stability of Oil Prices After Decline Amid Fears of New Trade War
SadaNews - Oil prices stabilized after falling to a five-month low on Tuesday, amid expectations of a significant oversupply and escalating trade tensions between the United States and China.
Brent crude traded near $62 a barrel after it declined by 1.5% in the previous session, while West Texas In...
Expectations for Gold to Reach $5,000 by 2026
SadaNews Economy - Gold continues to record all-time high prices amid rising expectations that the Federal Reserve (the US central bank) will cut interest rates, while renewed trade tensions between the United States and China have increased bets on safe-haven assets, including silver, which reached...
IMF Raises Growth Expectations for the Arab Region in 2025 and 2026
SadaNews Economy - The International Monetary Fund (IMF) has maintained its optimistic outlook for the economy of the Arab region, expressed three months ago, by raising its growth forecasts for the Middle East for the current and the next year for the second time, based on an improvement in oil pri...
33 Trillion Dollars at Stake.. Proposal to Freeze Debt of Emerging Countries in Times of C...
SadaNews - A group of prominent bondholders in emerging markets has proposed granting developing countries a grace period to repay their debts in the event of disasters.
The proposal came as the annual meetings of the International Monetary Fund kicked off in Washington, allowing governments to sus...
Oil Prices Rise After Reducing Losses in the Opening Session
SadaNews - Oil prices rose after reducing their losses in the weekly opening session, as investors balanced the implications of renewed trade tensions between the United States and China against global demand prospects.
Brent crude traded above $63 a barrel after rising in the previous session fo...
Gold Prices Rise to $4,129 per Ounce
SadaNews - Silver prices have reached a new record level above $52.50 per ounce, strengthened by a "historical short squeeze" in London, which added momentum to a rising trend fueled by increased demand for safe assets.
Spot prices rose by 0.4% to reach $52.5868 per ounce in London, sur...
Tourism Income in Jordan Rises by Approximately 7% in 9 Months
SadaNews - The Central Bank of Jordan announced on Monday that the revenues of the tourism sector increased by 6.8% during the first nine months of 2025, reaching $5.95 billion compared to the same period last year.
The bank added in a press statement that this increase was due to a rise in the num...
Saudi "Midad" Invests $5.4 Billion with "Sonatrach" for Hydrocarbons Production in Algeria
SadaNews - The Algerian hydrocarbons company "Sonatrach" and the Saudi North Africa energy company Midad signed a production-sharing agreement today, Monday, to explore and exploit hydrocarbons in the "Illizi" region in southern Algeria.
According to a statement, the total planned investments for e...