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Putin's Threats to Respond to Asset Freezes Shake EU Capitals
SadaNews - The debate in Europe is no longer limited to how to use frozen Russian assets, but rather how to avoid a Russian response that may target Western companies and banks still operating in Russia.
This is the atmosphere hanging over European capitals, according to the Financial Times, as M...
Syria is Free from 'Caesar'
SadaNews - US President Donald Trump signed the National Defense Authorization Act for Fiscal Year 2026 (NDAA) on Thursday, worth approximately $900 billion, which includes an addendum to repeal the "Caesar sanctions" that have been imposed on Syria since 2019.
The US Congress, in both...
"TikTok" Sells Its U.S. Operations to a Coalition Including UAE's "MGX"
SadaNews - TikTok has struck a deal to sell its entity in the United States to a joint venture controlled by a group of American investors, according to an internal memo indicating that the agreement is set to be finalized on January 22.
According to Bloomberg, Oracle, Silver Lake, and Abu Dhabi-ba...
Decline in Gold and Silver Prices, Rise in Global Oil
SadaNews Economy - Gold prices recorded a decline today, Friday, supported by the strength of the dollar and following data that showed a lower-than-expected rise in inflation in the United States.
Gold fell in immediate transactions by 0.3% to $4319.07 per ounce, while U.S. futures contracts for g...
TikTok Decides to Sell Its U.S. Unit to American Investors
SadaNews Economy - The company "ByteDance", the owner of the "TikTok" application, has signed a deal to sell its unit in the United States to a joint venture controlled by American investors, according to a memo from TikTok's CEO that was reviewed by Reuters.
The deal is set to be completed on Janu...
Egypt and Jordan Sign Contract for Electric Power Exchange for 2026
SadaNews - Egypt and Jordan have signed a new contract for the exchange of electric power for 2026, as part of strengthening bilateral cooperation between the two countries in the field of energy and electrical connectivity.
Egypt's Minister of Electricity and Renewable Energy, Mohamed Ismat, state...
US sanctions may force Venezuela to close oil wells within days
SadaNews - Venezuela may soon have to start closing some oil wells due to a lack of storage capacity, following the seizure of a tanker last week and the United States' plans to prevent other sanctioned ships.
According to people familiar with the situation who requested anonymity because the infor...
Oil Prices Continue to Rise Amid Escalating Geopolitical Tensions
SadaNews - Oil prices rose for the second consecutive day, as the geopolitical risks stretching from Venezuela to Russia outweighed the negative global supply forecasts.
Brent crude, the global benchmark, initially rose to nearly $61, before pulling back some gains during the day after U.S. Preside...
Gold prices near $4330 an ounce
SadaNews - The price of gold stabilized near a record level as investors closely monitor escalating tensions in Venezuela while awaiting U.S. inflation data. Meanwhile, platinum continued its rapid rise, increasing by up to 4%.
The precious metal traded near $4330 an ounce after rising by 0.8% on W...
Economist: Digital Currencies Compete with Banks for Financial Dominance
SadaNews - Digital currencies are no longer a marginal sector that can be ignored or ridiculed by Wall Street, but have transformed - according to an analysis published by The Economist - into a financial and political power that threatens the historical position of banks within the US financial sys...
Saudi Arabia Cancels Financial Fees for Expat Workers in Industrial Facilities
SadaNews - The Saudi Council of Ministers, chaired by Crown Prince Mohammed bin Salman, has approved the cancellation of the financial fees imposed on expat workers in licensed industrial facilities, according to a statement reported by the Saudi Press Agency (SPA) today.
This decision comes to ena...
Oil Prices Rebound After Trump's Escalation Against Venezuela
SadaNews - Oil prices have risen from their lowest level since 2021, following U.S. President Donald Trump's escalation of pressure on Venezuela by issuing an order to impose a blockade on sanctioned oil tankers off the coast of the South American nation.
Brent crude surged above $59 per barrel aft...