International Economy
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Where Does the Moroccan Digital Dirham Project Stand and What Is Its Importance?
SadaNews - Bank Al-Maghrib (the central bank) continues to study the issuance of a central digital currency aimed at simplifying payment processes between individuals and accelerating cross-border financial transfers.
Bank Governor Abdellatif Jouahri clarified during a conference held in Rabat on J...
Jordan's Central Bank Keeps Interest Rates Unchanged Supported by 2.7% GDP Growth in Q1 20...
SadaNews - The Open Market Operations Committee at the Central Bank of Jordan decided in its fifth meeting of this year to maintain the "central bank's key interest rate" and the other interest rates of monetary policy instruments at their current levels without change, according to a statement issu...
US Stock Futures Rise Driven by Gains in the Technology Sector
SadaNews - US stock futures rose in Asian trading as strong earnings from tech giants fueled optimism about the sustainability of profits. The dollar gave up some of the gains it made following the Federal Reserve's decision to keep interest rates unchanged.
Nasdaq 100 futures increased by 1.3%, wh...
Oil Prices Stabilize After Rise Amid Trump's Threats to Impose Sanctions on India
SadaNews - Oil prices stabilized after closing at their highest levels in nearly six weeks, following US President Donald Trump's threat to impose sanctions on India for purchasing Russian crude, and his administration tightening restrictions on supplies coming from Iran.
West Texas Intermediate cr...
Trump announces trade deal with South Korea... with 15% tariffs
SadaNews - U.S. President Donald Trump announced that he reached a trade deal with South Korea, imposing a 15% tariff on its exports to the United States, which includes Seoul's commitment to invest $350 billion in an investment fund in America.
Trump wrote on his social media platform on Wednesday...
Trump: Canada's Support for a Palestinian State Hinders Reaching a Trade Agreement with It
SadaNews: Reuters reported that U.S. President Donald Trump stated, "Canada's announcement of its support for the establishment of a Palestinian state makes it difficult for us to reach a trade agreement with it."
This came after Canadian Prime Minister Mark Carney announced on Wednesday evening t...
The United States Imposes Sanctions on Those Facilitating Iranian Oil and Petrochemical Tr...
SadaNews Economy - The United States has enforced decisive measures to disrupt the Iranian regime's ability to finance its destabilizing activities, including its nuclear program, support for terrorist groups, and repression of its people, according to a statement from the U.S. State Department.
Th...
US Federal Reserve Keeps Interest Rates Unchanged
SadaNews - The US Federal Reserve kept interest rates unchanged on Wednesday, marking the fifth consecutive time, in a decision opposed by two members of the central bank's board who hoped for a reduction in these rates.
The Federal Reserve stated in a press release after the Federal Open Market Co...
Trump: 25% Tariffs on India Starting August 1
SadaNews - President Donald Trump announced today, Wednesday, that a 25% tariff will be imposed on India starting August 1.
Trump mentioned that additional sanctions - yet to be specified - would be imposed if India continues to purchase Russian energy.
The American president confirmed that the de...
Calm in Oil Prices Amidst Anticipation of Trump's Deadline on Ukraine
SadaNews Economy - The pace of rising oil prices quieted in Asian trading on Wednesday after a more than 3% increase in the previous session, as investors awaited developments regarding the strict deadline set by U.S. President Donald Trump for Russia to end the war in Ukraine.
The most actively tr...
Eurozone Economic Growth Slows to 0.1% in the Second Quarter
SadaNews - The growth of the Eurozone economy slowed in the second quarter of this year, both on an annual and quarterly basis.
According to data released today, Wednesday, July 30, by Eurostat, the Gross Domestic Product (GDP) of the Eurozone grew by about 0.1% in the second quarter on a quarterly...
Gold Rises with Dollar Decline and Bond Yields
SadaNews Economy - Gold prices rose in early trading on Wednesday, supported by a decline in U.S. Treasury yields and a slight drop in the dollar, while investors are awaiting the Federal Reserve's statement later today for clues on future monetary policy directions.
Gold prices in the spot market...