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Stability of Gold Prices at $3,390 per Ounce Amid Anticipation of U.S. Personal Consumptio...
SadaNews - Gold prices stabilized after a rise on Tuesday due to concerns about the independence of the central bank and inflation risks, following U.S. President Donald Trump's efforts to dismiss a member of the Federal Reserve.
Gold bullion traded above the $3,390 per ounce level after a 0.8% inc...
Apple Prepares to Unveil iPhone 17 at Event on September 9
SadaNews - Apple Inc. has revealed the date of its upcoming event dedicated to unveiling its latest devices, titled "Incredibly Amazing," which is scheduled for September 9 at 10 AM Pacific Time (5 PM GMT). The event is anticipated to feature the launch of the new "iPhone 17" lineup, alongside updat...
Saudi ACES Company Considers Selling Stake Amid Growing Demand for Digital Infrastructure
SadaNews - The Saudi company "Advanced Communications and Electronics Systems" (ACES) is considering selling a stake, according to sources familiar with the matter, in a deal that would allow buyers to capitalize on the growing demand for digital infrastructure services in the Kingdom.
The IT-focus...
"For Moral Reasons".. The Norwegian Fund Withdraws Investments from American Company "Cate...
SadaNews - The Norwegian sovereign wealth fund, the largest in the world with assets exceeding two trillion dollars, has announced its decision to withdraw investments from the American construction equipment company Caterpillar, along with five Israeli banking groups, due to moral reasons related t...
Oil Prices Drop as Russia Supply Signals Are Awaited
SadaNews - Oil prices fell after four days of gains, as investors await clearer signals regarding supplies, while also monitoring the broader market implications following U.S. President Donald Trump's dismissal of a Federal Reserve Board member.
Brent crude dropped towards $68 per barrel, while We...
Lisa Cook Rejects Trump's Decision to Dismiss Her from the Federal Reserve Board
SadaNews - U.S. President Donald Trump has dismissed Federal Reserve Board member Lisa Cook from her position at the U.S. central bank, at a time when she confirmed that she would continue her work, considering the decision to be without legal grounds.
In a message posted on the "Truth Social" plat...
U.S. Treasury Announces Removal of Sanctions Lists Against Syria
SadaNews - The U.S. Department of the Treasury published, today Monday, the final decision to remove the sanctions lists against Syria, following a previous order from President Donald Trump to dismantle the sanctions system imposed by Washington on Damascus.
The Office of Foreign Assets Control (O...
How Trump's Conflict with the Federal Reserve Threatens Major Central Banks Worldwide?
SadaNews - Global central bank governors who met at a mountain resort in the U.S. in recent days fear they may be engulfed by the political storm surrounding the Federal Reserve (the U.S. central bank).
President Donald Trump's efforts to reshape the Federal Reserve according to his vision and pres...
Turkey Tightens Maritime Blockade on Israel.. Refusal to Dock an Israeli Ship in Istanbul
SadaNews Economy Translation – The Hebrew newspaper "Globes", specialized in economics, reported that Turkish authorities refused last Friday to allow a ship belonging to the Israeli company "Zim" to dock at Istanbul port, following new Turkish anti-Israel measures, revealing that major internationa...
Asian Stocks Rise at Largest Pace in Two Weeks Following Interest Rate Cut Hints
SadaNews - Asian stocks rose at the largest pace in nearly two weeks, tracking the rise of Wall Street, after traders bolstered their bets that the Federal Reserve will cut interest rates next month, following comments from its chairman Jerome Powell.
The Asian stock index climbed by 1%, while the...
Jordan Central Bank Issues Treasury Bonds Worth 50 Million Dinars
SadaNews - The Jordan Central Bank, on behalf of the government, issued on Monday the 26th issuance for this year of treasury bonds worth 50 million dinars.
According to data from the bank reviewed by "The Kingdom", the maturity date for the current issuance is August 26, 2028, while the bank indic...
Gold Prices Fall from Two-Week High Amid Dollar Strengthening
SadaNews Economy - Gold prices recorded a slight decline today, Monday, as the dollar gradually recovered, while growing expectations of a U.S. interest rate cut limited the sharp drop in the precious metal after U.S. Federal Reserve Chairman Jerome Powell hinted at the possibility of a rate cut.
G...