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Jordan Central Bank: Tourist Sector Revenues Increase by 7.5%
SadaNews - The Jordan Central Bank announced today, Tuesday, that revenues from the tourism sector increased by 7.5% in the first eight months of 2025 compared to the same period last year, reaching 5.33 billion dollars.
The Jordan Central Bank added in a press statement that this increase was due...
Aaron Brown reveals: "The current gold rush has nothing to do with inflation...nor with go...
SadaNews - The price of gold has recently shattered a record that has stood for more than four decades, when adjusted for inflation. At current levels, the purchasing power of gold has surpassed its peak recorded in January 1980 at $850, equivalent to $3,524 in today's value.
There are usually two...
Oil Maintains Gains Amid Anticipation of New Sanctions on Russia
SadaNews - The price of oil stabilized after two days of gains, as investors evaluated the likelihood of new Western sanctions on Russian exports, against concerns of an impending global supply glut.
Brent crude traded above $67 a barrel after gaining 1.6% over the previous two sessions, while West...
Gold Prices Reach New Record Level Amid Growing Bets on Interest Rate Cuts
SadaNews - The price of gold has reached a new record level, as investors' bets on a potential interest rate cut from the Federal Reserve this week increase, amid expectations of further monetary easing in the coming months.
Gold surpassed its all-time high on Tuesday, which was recorded on Monday...
Stability of Gold Prices Near Their Record Levels
SadaNews - The price of gold has stabilized near its record levels, as traders prepare for the possibility of a reduction by the US Federal Reserve this week and await any signals for further monetary easing throughout the year.
The yellow metal traded at around $3,640 an ounce, after four consecut...
After Last Week's Gains.. Stability in Oil Prices
SadaNews - Oil prices stabilized after gains recorded last week, amid market monitoring of tightened restrictions on Russian exports, against indications of a projected surplus in supply in the coming period.
Brent crude traded near $67 a barrel after a 2.3% increase last week, while West Texas Int...
Resumption of Low-Cost Flights from Europe to Jordan
SadaNews - Low-cost airlines have gradually resumed their flights to Jordan from Europe, according to Haitham Musto, the head of the Civil Aviation Authority in the Kingdom.
Jordanian News Agency (Petra) quoted Musto as saying that "Wizz Air Hungary" has begun operating two flights per week to the...
Iraq Signs Contracts Worth $1.3 Billion with the International Finance Corporation
SadaNews - Iraq announced the signing of several investment and developmental contracts with the International Finance Corporation (IFC) worth $1.3 billion, marking the 20th anniversary of the institution's presence and partnerships in the country, according to a statement released by the Cabinet to...
Gold Surpasses Its Historical Peak
SadaNews - Gold has surpassed its historically adjusted peak, which was recorded more than 45 years ago, amid rising concerns about the trajectory of the U.S. economy, propelling its three-year upward trend to unprecedented levels.
The spot price of gold has risen by about 5% since the beginning of...
What if the $3 Trillion Artificial Intelligence Investment Bubble Bursts?
SadaNews - Since the launch of "ChatGPT" in 2022, the world has entered a frantic investment race in artificial intelligence, reaching its peak this year with major U.S. technology companies spending nearly $400 billion on the infrastructure needed to operate large models, according to The...
Central Bank of Russia Cuts Interest Rates by About 100 Basis Points
SadaNews - The Central Bank of Russia reduced interest rates today, Friday, by about 100 basis points to 17%, amid slowing inflation and increasing pressures from officials and the business sector to save the economy from falling into the clutches of recession.
This reduction is the second consecut...
Istanbul Canal: Turkey's Stalled Project Amid Funding Challenges and Opposition Controvers...
SadaNews - The Istanbul Canal project stands out as one of the most ambitious urban initiatives in Turkey's history, combining grand promises with heavy challenges. The government sees it as a gateway to transforming the geographic and economic landscape through a public-private partnership mode...