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Bank of America: Gold Price Could Reach $6000 by Mid-2026
SadaNews Economy - Bank of America expects that the price of an ounce of gold will reach $6000 by mid-2026
Analyst Michael Hartnett from Bank of America wrote in a memo to clients: "History is not a guide to the future, but the average increase in gold during four upward cycles was about 300% over...
Dispute Over Gas Price Between Egypt and "Eni" Delays Expansion in "Zohr" Field
SadaNews - The Egyptian government rejected the request of the Italian company "Eni" to increase the price of purchasing new gas from the "Zohr" field by 54% to over $10 per million British thermal units, a level that exceeds the average prices for importing liquefied natural gas, according to a gov...
ترمب يهدد كندا برسوم بنسبة 100% بسبب الصين
From Davos: How Do Three Decision Makers View the Future of the Global Economy?
SadaNews - At the conclusion of the World Economic Forum in Davos, while many were preoccupied with the sensational headlines about tariffs and artificial intelligence, three of the most prominent women in the global economy agreed on a single message: the importance of a close reading of the figure...
Intel Shares Plummet Over 10% After Disappointing Revenue Forecasts
SadaNews Economy - Struggling American chipmaker Intel is facing a slowdown in its restructuring efforts due to supply chain bottlenecks.
Its revenue forecasts, which ranged between $11.7 billion and $12.7 billion for the current quarter, disappointed Wall Street on Thursday, leading to a drop in t...
Rising Gold and Silver Prices Globally: What Could Halt Their Surge?
Economy SadaNews - Over the centuries, gold has been a safe haven during times of political and economic instability, as its status as a highly valuable and easily transportable and sellable commodity provides a sense of security amidst turmoil.
The price of an ounce of gold reached $4,955 on Frida...
"TikTok" sells majority stake in U.S. operations to non-Chinese investors
SadaNews Economy - The Chinese company "ByteDance", owner of the "TikTok" application, finalized a deal last Thursday evening to establish a joint venture with American partners owning the majority stake, in order to avoid a ban on the popular social media app used by over 200 million Americans.
Th...
Bin Ghati: We Currently Rule Out An IPO, Planning Expansion in Abu Dhabi and London
SadaNews - Mohammed Bin Ghati, Chairman of the UAE's "Bin Ghati Holdings", ruled out a public offering for the company in the financial market at the present time, attributing this to the company’s strong financial solvency and the availability of different financial instruments....
Saudi Sovereign Fund Raises Two Billion Dollars from International Sukuk Offering Amid Str...
SadaNews - The Saudi Public Investment Fund has completed the issuance of international sukuk worth two billion dollars for a term of ten years, as part of its ongoing efforts to diversify funding sources in global markets.
The sukuk were priced with a fixed annual yield of 5.133%, at 85 basis poin...
S&P: Davos Assumptions for Electricity Supplies Until 2029 are "Impossible"
SadaNews - The assumptions circulating in Davos regarding the world's ability to provide sufficient electricity supplies until 2029 are "literally impossible," given the accelerating demand for energy, especially from artificial intelligence data centers, according to Dave Ernsberger, head of the en...
Oil Prices Stabilize as Geopolitical Tensions Over Greenland Ease
SadaNews - Oil prices stabilized as geopolitical tensions related to Greenland eased, supporting broader markets and offsetting a range of supply-related factors.
Brent crude traded above $65 per barrel after a 2% rise over the past two days, while West Texas Intermediate crude was nearing $61.
U....
Gold Prices Reach Nearly $4,826 an Ounce
SadaNews - Gold prices fell after U.S. President Donald Trump withdrew his threat to impose tariffs on European countries, stating that a "framework for a future agreement" regarding Greenland has been reached.
The precious metal dropped by as much as 1.2%, retreating after three days o...