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Oil Prices Stabilize Amid Anticipation of Trump-Putin Meeting
SadaNews Economy - Oil prices closed with little change after a volatile session, as investors assessed whether a potential agreement between the United States and Russia to end the war in Ukraine would gain international support and effectively impact Russian crude flows.
The price of Brent crude...
Global Food Prices Jump to Highest Level in Over Two Years
SadaNews Economics - Global prices of staple food commodities saw a remarkable surge during July, reaching their highest levels in more than two years, according to a new report by the United Nations Food and Agriculture Organization (FAO), which noted that the rise in prices of vegetable oils and m...
Oil Prices Set to Record Biggest Weekly Loss Since June
SadaNews - Oil prices are on track to record their largest weekly loss since June, as traders assess that U.S. efforts to end the war in Ukraine will not impact supplies, even as Washington imposes sanctions on India for importing crude oil from Moscow.
Brent crude traded near $66 a barrel, down ab...
As Tariffs Take Effect.. What Has Trump’s Trade Dream Achieved in Reality?
SadaNews Economy- "Tariffs are our greatest weapon".. With this statement made by Donald Trump on March 3, 2016, during a debate in Detroit, Michigan, the Republican candidate at the time announced his bold vision for reshaping global trade under strict American leadership, using tariffs as a negoti...
Gold Heads for Second Consecutive Weekly Gains
SadaNews Economy - Gold futures jumped to a new level in early Friday transactions, following a report indicating that the United States has imposed tariffs on gold bullion imports weighing one kilogram.
Gold is poised to record gains for the second consecutive week in spot trading, benefiting from...
In June, the South Korean Central Bank Records Highest Current Account Surplus
SadaNews - Data from the South Korean Central Bank, released this Thursday, showed that the highest current account surplus was recorded in June, attributed to a rise in exports.
The South Korean news agency "Yonhap" reported that the Central Bank's data revealed the current account surplus reached...
Ignoring Trump's Statements, Gold Prices Stabilize at $3,370 an Ounce
SadaNews - Gold prices stabilized after moderate losses, as traders ignored the uncertainty triggered by the latest trade moves of U.S. President Donald Trump, including his threat to impose a 100% tariff on semiconductor imports.
Gold settled at around $3,370 an ounce after declining by 0.3% in th...
Rise in Oil Prices.. and Washington Doubles Tariffs on India Over Russian Oil Purchases
SadaNews - Oil prices have risen slightly after a five-day decline, the longest since May, as investors monitor U.S. efforts to punish buyers of Russian crude and the diplomatic moves led by U.S. President Donald Trump to end the Ukraine war.
Brent crude climbed above $67 a barrel, recovering a sma...
Trump Punishes India with 25% Additional Tariff Due to Russian Oil Purchases
SadaNews - The White House announced that U.S. President Donald Trump signed an executive order imposing an additional 25% tariff on Indian goods, in a surprising move that reflects a escalation in trade tensions between the two countries.
The White House pointed out that the new tariffs come in re...
Syria Reveals Investment Projects Worth 14 Billion Dollars
SadaNews - Syria has announced one of its largest investment plans in decades, revealing projects exceeding 14 billion dollars in vital sectors including transport and urban development, indicating a clear signal of the start of a new phase of reconstruction after more than a decade of war.
The ann...
To Evaluate Gas Reserves in the Mediterranean.. Egypt Launches an International Tender for...
SadaNews - Egypt has launched an international tender for companies specialized in seismic surveying to conduct a survey covering 100,000 square kilometers in the eastern Mediterranean using advanced technologies, primarily to assess gas reserves in the region aiming to enhance discoveries, accordin...
Lucid Lowers 2025 Production Forecast Due to "Challenging Economic Conditions"
SadaNews - Lucid Group has lowered its forecast for electric vehicle production for the entire year, becoming the latest automaker to scale back its ambitions for 2025.
The company announced in its second-quarter earnings statement on Tuesday that it now expects to produce between 18,000 and 20,000...