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Saudi National Bank's Profits Grow 18% in 2025 Surpassing Expectations Thanks to Operation...
SadaNews - The profits of the Saudi National Bank, the largest bank in the Kingdom by assets, increased by 18% in 2025 to reach 25 billion riyals, significantly surpassing expectations, thanks to a combination of improved operational activities and reduced expenses.
The bank's operational activitie...
Iranian Currency Plummets to Record Low Against the Dollar
SadaNews Economy - Several Iranian sites monitoring currency value have reported that it has plunged to a record low against the dollar on Tuesday, following weeks of protests triggered by the decline in currency value.
The exchange rate of the Iranian rial fell to 1.5 million rials per dollar, mar...
India and the European Union Sign a 'Historic' Free Trade Agreement
SadaNews - India and the European Union have signed a free trade agreement described as "historic", which Indian Prime Minister Narendra Modi referred to as the "mother of agreements" during a speech he delivered on Tuesday at the "Indian Energy Week" conference, and European stocks rose following t...
Oil Prices Drop as Market Shifts Focus to Supply Surplus Forecasts
SadaNews - Oil prices fell as traders focused on forecasts of a supply surplus, while the market monitored the impact of a widespread winter storm that hit the United States.
West Texas Intermediate crude for March delivery dropped by 0.6% to $60.25 per barrel as of 1:20 PM Singapore time, while Br...
Gold Holds at $5,000 an Ounce for the Second Day
SadaNews - Gold prices have risen, maintaining trading above the $5,000 per ounce level for the second day, with the weakness of the dollar contributing to the extension of a rally fueled by geopolitical risks and a retreat of investors from sovereign bonds and currencies.
The precious metal jumped...
The Dollar Takes Repeated Hits and Potential Intervention May Lower Its Value
SadaNews - The prospect of the United States effectively joining Japan in intervening in the foreign exchange market represents the latest in a series of pressures faced by the currency on multiple fronts.
The dollar fell against most major currencies while the yen surged, and gold reached record...
Oil Stabilizes Amid Return of Kazakhstan Exports and Rising Risks from Iran
SadaNews - Oil prices stabilized as investors balanced the resumption of operations at a major Black Sea export terminal with monitoring of risks threatening Iran's production, following renewed threats from U.S. President Donald Trump against Tehran.
Brent crude traded below $66 a barrel after jum...
The price of an ounce surpasses the $5000 mark as geopolitical concerns rise and silver ap...
SadaNews - Gold has risen above the $5,000 per ounce level for the first time, continuing a rapid upward trend fueled by U.S. President Donald Trump's reshaping of international relations, and investors fleeing from sovereign bonds and currencies.
The price of gold increased by as much as 2.1% to a...
What does a billionaire from Hong Kong say about investing a quarter of his wealth in gold...
SadaNews - Over three decades, Chia Ching-Hai has been a symbol of value-based investment in Asia, having built Value Partners Group into a leading investment powerhouse in equity selection worth billions of dollars.
Now, the former fund manager is investing a significant portion of his personal we...
Despite Trump’s Pressure.. "The Federal Reserve" Leads Its Global Peers to Keep Interest R...
SadaNews - The U.S. Federal Reserve and three central banks that recently supported its president, who is facing pressure, are heading towards keeping interest rates unchanged during a tense period for global monetary policymakers.
It is widely expected that monetary policy officials in Washington...
Gold Approaches $5,000 Per Ounce and Silver Continues to Trade Near $103
SadaNews - The prices of gold have stabilized near their high levels, with the price of an ounce of gold reaching approximately $4,982 today, Sunday (January 25), as investors monitor global market developments and the demand for the precious metal as a safe haven amid a wait-and-see attitude regard...
Saudi Trade Balance Surplus Soars at Highest Rate in Over Three Years
SadaNews - The Saudi trade balance surplus has continued to show positive performance, achieving growth for the third consecutive month at the highest rate in over three years in November, driven by an expansion in non-oil exports and an improvement in oil export performance.
The trade balance surp...