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Saudi Arabia's Inflation Rate Drops to Lowest Level in 5 Months in July
SadaNews - The annual inflation rate in Saudi Arabia slowed to its lowest level in five months, recording 2.1% in July compared to 2.3% in June, according to data released by the General Authority for Statistics on Thursday.
This was driven by a decrease in the pace of price increases in the "housi...
African Free Trade Agreement: A Stumbling Start and Slow Expansion
SadaNews - Although African countries officially began to liberate trade between them since 2012, reaching a formal agreement on this matter was only realized at the beginning of 2019. This was followed by the lengthy process of involving the relevant countries, which has recently been partially com...
For the third day.. Gold prices rise to $3,370 per ounce
SadaNews - Gold prices have risen for the third consecutive day, with increasing bets on the Federal Reserve cutting interest rates, after Treasury Secretary Scott Pisent urged the U.S. central bank to lower borrowing costs.
The precious metal traded near $3,370 per ounce after Treasury yields fell...
Oil Prices Drop to Two-Month Lows Amid Concerns of Oversupply
SadaNews - Oil prices have remained near their lowest level in two months, after the International Energy Agency stated that the market is heading toward a record oversupply next year.
Brent crude was trading around $66 a barrel, after closing on Wednesday at its lowest level since June 5, while We...
The Marker: Accelerating Decline in the Israeli Market Amid Government Denial
SadaNews - The Israeli newspaper The Marker stated that the Israeli stock exchange lost about 7% of its value in just two weeks, while Finance Minister Bezalel Smotrich continued to present a "misleading" rosy picture of the economic performance, ignoring the deterioration of key indicators and the...
Jordan: $4.4 Billion Tourism Income During the First Seven Months of 2025
SadaNews - Preliminary data released by the Central Bank of Jordan on Wednesday indicated an 8.6% increase in tourism income during the first seven months of 2025, reaching $4,398.1 million ($4.4 billion), despite a 5.6% decrease in July 2025, which amounted to $721.4 million.
The data showed an in...
Global Electric Vehicle Sales Slow Due to Weak Demand in China
SadaNews - Market research company RoMotion stated on Wednesday that global electric vehicle sales grew by 21% year-on-year in July 2025, the slowest growth rate since January, compared to 25% in June, due to a decline in momentum for hybrid vehicle sales in China.
The company's data showed that gl...
Oil Prices Stabilize After Data on U.S. Demand Slowdown
SadaNews - Oil prices stabilized on Wednesday after a report revealed an increase in U.S. crude inventories last week, indicating the approach of the end of the seasonal summer demand period.
Brent crude futures rose by 0.14% to $66.21 a barrel, following a 0.8% decline in the previous session. U.S...
Gold Rises Amid Dollar Decline and Anticipation of Trump-Putin Meeting
SadaNews - Gold prices rose slightly on Wednesday, supported by a decline in the dollar following the release of moderate U.S. inflation data that bolstered bets on a rate cut in September, while investors await U.S.-Russia talks this week regarding the war in Ukraine.
Gold increased in spot transa...
US Budget Deficit Rises by 20% Despite Trump’s Record Revenue
SadaNews Economy - The US budget deficit increased by 20% in July during the current fiscal year compared to the previous year, despite the United States achieving record revenue from tariffs imposed by President Donald Trump, according to data released by the Treasury Department on Tuesday.
The da...
Trump Threatens Jordan's Economy: Tariffs Undermine a Quarter of the Kingdom's Exports
Sada News Economy: U.S. President Donald Trump announced the imposition of tariffs on U.S. imports from Jordan of about 15%, threatening more than 25% of Jordan's exports to the world, at a time when Amman is suffering economically due to increasing political tensions in the region and rising debts....
Costing $175 billion.. Washington reveals details of the Iron Dome system and its capabili...
SadaNews - The U.S. government has revealed details of the missile defense system known as the "Iron Dome", stating that it will consist of 4 layers - one in space and 3 on the ground - as well as 11 short-range batteries distributed throughout the continental United States, Alaska, and Hawaii.
Acc...