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British Banks Consider Creating a National Alternative to Visa and Mastercard
SadaNews - Major British bank leaders are preparing to hold their first meeting to establish a national alternative to the American payment networks "Visa" and "Mastercard", in a move reflecting increasing concerns over the near-total reliance on U.S.-owned systems for managing payments within the U...
Oil Declines and Heads Towards Recording Biggest Weekly Loss in 6 Months
SadaNews Economy - Oil prices fell during trading today, Friday, heading towards recording the biggest weekly loss in six months, despite strong gains in the previous session, following statements from U.S. President Donald Trump about progress in talks to end the war with Iran.
Brent crude contrac...
Gold Rises But is on Track for Fourth Weekly Loss
SadaNews Economy - The price of gold rose by more than one percent today, Friday, supported by buying activities; however, it is on track to incur losses for the fourth consecutive week.
Gold advanced in spot transactions (1.1%) to (4428.30) dollars per ounce (at 0228 GMT), but the precious metal h...
The IMF Studies Supporting Economies Affected by the Iran War
SadaNews Economy - Bloomberg reported, citing informed sources, that the International Monetary Fund is exploring ways to finance economies that may need support if the Iran war continues for a long time.
The agency quoted sources stating that "the IMF is developing scenarios for the unfolding of e...
The Implications of the Middle East War on the Global Economy: Concerns of a Comprehensive...
SadaNews Economy - The economic repercussions of the war on Iran are accelerating as it enters its fourth week, with continued reflections pressuring energy markets and global economies, amid urgent government measures and warnings of a crisis that may extend beyond the oil sector to a broader indus...
LNG Buyers Compete for U.S. Supplies as "Ras Laffan" Suspends Operations
SadaNews - LNG buyers in Asia and Europe are competing for the limited remaining shipments from U.S. suppliers after the world’s largest LNG facility in Qatar was halted due to the war in Iran.
According to informed sources who requested anonymity because the information is confidential, importers...
Asia Prepares for Worst Energy Scenarios as Iran War Continues
SadaNews - Governments across Asia are preparing for the worst energy scenarios, which could include lengthy and severe supply disruptions, even as the United States works on a plan to end the war in Iran.
South Korea entered a state of alert on Wednesday, establishing an emergency economic task fo...
Iran's War Raises Risks of U.S. Economic Recession and Pressures Expectations
SadaNews - Wall Street is lowering its expectations for the U.S. economy this year, while raising its estimates for inflation and unemployment and increasing the likelihood of a recession, as the repercussions of the war with Iran begin to materialize.
Goldman Sachs stated that the risk of an econo...
57% of Total Foreign Asset Balances in the Palestinian Economy are Currency and Deposits
SadaNews - $10,720 million net balance of international investment position at the end of the fourth quarter of 2025
The Palestinian Central Bureau of Statistics and the Palestinian Monetary Authority have issued preliminary results on the international investment position and external debt of Pale...
Oil Prices Near $104 as Strait of Hormuz Dilemma Persists
SadaNews - Oil prices rose as conflicting statements emerged from the United States and Iran regarding efforts to end the war that has led to the closure of the Strait of Hormuz and a significant reduction in oil production, raising fears of a global energy crisis.
The price of Brent crude exceeded...
Gold Stabilizes Amid Conflicting Positions from Washington and Tehran on Ending the War
SadaNews - The price of gold stabilized after a slight recovery that lasted two days, as traders assessed the conflicting statements issued by the United States and Iran regarding negotiations to end the war in the Middle East.
The price of the precious metal stabilized near $4,500 an ounce after r...
Strait of Hormuz.. Iran Allows Passage for "Friendly Countries" and Bahrain Calls to Prote...
SadaNews - The Strait of Hormuz is witnessing a rapid transformation from an open corridor to a selective transit channel, where Iran imposes security and commercial conditions on ships, amid increasing international efforts to ensure the freedom of navigation, in light of widespread disruptions to...