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Egypt Enhances Gas Imports Through Maritime Facilities in Jordan
SadaNews - Egypt began receiving 300 million cubic feet of natural gas daily from the floating storage and regasification unit "Energeos Force," docked at the port of Aqaba in Jordan, according to a government official.
The official added that the ship arrived at the port of Aqaba last week loaded...
Gold Prices Stabilize Awaiting Clarification on Trump's Policy Regarding Bullion Tariffs
SadaNews - Gold prices maintained their losses after U.S. President Donald Trump stated that imports of the precious metal would not be subject to tariffs, although traders are still awaiting an official clarification regarding this policy, following a federal ruling last week that caused chaos and...
Oil Rises as Washington and Beijing Extend Tariff Truce
SadaNews - Oil prices rose today, Tuesday, following the decision by the United States and China to extend their mutual tariff truce, which alleviated concerns about weak fuel demand in the world's two largest crude oil consumers.
Brent crude futures increased by 0.3% to reach $66.89 per barrel, wh...
Trump Extends Deadline for Imposing Tariffs on China by 90 Days
SadaNews Economy - U.S. President Donald Trump on Monday extended the deadline for imposing high tariffs on Chinese goods for another 90 days, according to a report by CNBC citing a White House official.
These tariffs were set to resume on Tuesday. However, Trump signed an executive order hours bef...
The Federal Structure Under Scrutiny with Trump’s Moves and Changing Power Dynamics
SadaNews - Regardless of what happens at the Federal Reserve's meeting in September, it will seem pale in comparison to a comprehensive reconsideration of the structure of the U.S. central bank, a possibility raised by Donald Trump's nomination of Stephen Miran to temporarily fill the vacant seat on...
Oil Prices Fall Amid Expectations of a Breakthrough in US-Russia Negotiations on Ukraine
SadaNews - Oil prices fell in early Asian trading on Monday, continuing their losses of over 4% last week due to the increase in US tariffs on its trading partners, OPEC's rising production, and expectations that the US and Russia are close to an agreement to cease fire in Ukraine.
Brent crude futu...
Gold Prices Decline as Geopolitical Fears Ease
SadaNews - Gold prices fell on Monday, as demand for the metal as a safe haven decreased due to signs of easing geopolitical risks, while investors await the upcoming U.S. inflation data, which may provide signals regarding the path of interest rates at the Federal Reserve.
Spot gold dropped by 0.7...
New Export Tax on AI Chips Affects Nvidia and AMD
SadaNews - In a move described as unprecedented in the history of modern global trade, American companies "Nvidia" (Nvidia Corp.) and "Advanced Micro Devices" (AMD) reached an agreement to pay 15% of their revenue from sales of AI chips in China to the U.S. government in exchange for special export...
Samsung Reveals Its Strategy to Compete with Chinese Smartwatches
SadaNews - Samsung has unveiled the features of its future strategy to enhance its competitive position in the smartwatch market, in response to the growing challenge from Chinese companies that focus heavily on battery life.
Samsung focuses in the new generation of Galaxy Watch 9 and Galaxy Watch 1...
Saudi Arabia: Growth in Industrial Production Amid Oil Recovery
SadaNews - The growth of industrial production in Saudi Arabia accelerated to 7.9% in June 2025, marking the highest rate of increase since the new calculation mechanism for the index was adopted in 2024, according to data from the General Authority for Statistics released today.
This performance w...
Artificial Intelligence Sets Ticket Prices by Exploiting Traveler Data
SadaNews - Frequent travelers and consumer rights advocates have long complained about the complex nature of airline ticket prices. Discounted tickets can quickly become expensive through "drip pricing," which imposes additional charges for amenities that were previously free, such as baggage deposi...
Disruptions in the Gold Market Due to Surprise U.S. Tariffs
SadaNews - The global gold market relies on a network of banks, refining companies, and shipping lines that can move gold bullion between major trading hubs at a moment's notice in pursuit of the highest prices. However, on Friday, a shocking U.S. decision indicating that the yellow metal would be s...