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Egypt Imposes Fees on Real Estate Partnership Projects in New Cities
SadaNews - The New Urban Communities Authority, affiliated with the Egyptian Ministry of Housing, has imposed new fees on real estate projects implemented under partnerships between more than one entity within the new urban cities, according to a government document.
According to the document, the...
Bloomberg: Abu Dhabi Funds Plan to Restructure Their Strategy in China
SadaNews - Abu Dhabi is considering plans to merge the Chinese assets of two of its investment funds into a new entity, paving the way for a fundamental restructuring of its investment strategy towards the world's second-largest economy.
The proposed investment entity will be jointly owned by "L’im...
Iran's War Revives Inflationary Recession Risks for the Global Economy
SadaNews - The repercussions of seven weeks of the Iran war are beginning to appear in the global economic data, in a second round of business surveys across several countries.
The main focus will be on whether the dual shocks affecting growth and inflation, which appeared in the Purchasing Manager...
From Ukraine to Iran: Have the Rules of Dollar Domination Changed?
SadaNews - The discussion of the beginning of the end of dollar dominance has increased since the COVID-19 pandemic, passing through the Ukraine war, and culminating in the recent tensions in the Middle East due to the Iran War.
However, the data reveals a more complex reality: a gradual decline in...
Gold prices near $4,830 an ounce... and silver ounce near $80
SadaNews - Gold prices recorded an increase during the trading session on Sunday, April 19, with the price of an ounce of gold reaching approximately $4,830.
Meanwhile, the price of an ounce of silver was recorded near $80.
The price of gold had fallen by about 8% since the beginning of the war, a...
Iran's War Reveals a Weakness for Trump: Economic Pressure
Economy SadaNews - Seven weeks of war have failed to topple Iran's rulers or force them to meet all the demands of U.S. President Donald Trump, but for U.S. adversaries and allies alike, it has unveiled one of his main weaknesses; economic pressure, according to an analysis by Reuters.
Even with Ir...
Reuters: Indian Refining Companies Pay for Iranian Oil Shipments in Yuan
SadaNews - Reuters reported citing informed sources that Indian oil refining companies are settling payments for shipments of Iranian oil, purchased under a temporary exemption from U.S. sanctions, using Chinese yuan through ICICI Bank in Mumbai.
Traders indicated that the difficulties facing payme...
Oil Drops 11% After Tehran Announces Opening of the Strait of Hormuz
SadaNews - Oil prices fell by more than 11% after Iran announced the complete opening of the Strait of Hormuz to commercial ships throughout the ceasefire period reached with Washington.
The London Stock Exchange and the "Investing.com" website reported that the price of Brent crude fel...
Data: Pakistan-flagged tanker carrying Emirati crude exits Hormuz
SadaNews Economy - Shipping data released by "Kpler" and the London Stock Exchange indicated that the oil tanker (Shalamar) flying the Pakistani flag sailed from the Gulf through the Strait of Hormuz loaded with crude oil that was loaded from the UAE, according to "Reuters".
The "Kpler" data showed...
Turkey, Syria, and Jordan Develop a Railway Network Connecting the Gulf to Europe
SadaNews Economy - Turkey, Syria, and Jordan have agreed to update their railway networks with the aim of creating a corridor linking Southern Europe to the Arabian Gulf, according to the Turkish Minister of Transport.
Abdul Qadir Uraloglu told Bloomberg on Wednesday that he reached the agreement w...
IMF Agrees with Jordan to Release 200 Million Dollars
SadaNews - The International Monetary Fund revealed on Thursday that it has reached a technical agreement with the Jordanian government regarding two reviews to support economic reforms, allowing the kingdom to receive approximately 200 million dollars.
A team of IMF experts, led by Cesar Sierra, c...
Global Stocks Rise to Record Levels as Iran Calms and Dollar Weakens
SadaNews - Global stocks have risen to a new record level, as investors returned strongly to the markets, driven by signals that the United States and Iran may extend the ceasefire, helping markets eliminate the risk premiums imposed by the war.
The global "MSCI" index - the broadest measure of glo...