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Report: UAE Signed Massive Secret Deal with an Israeli Company
Translation by SadaNews Economy - The French website Intelligence Online revealed on Tuesday that the UAE is the country that signed a massive and secret deal with the Israeli Elbit military industries about a month ago.
The Hebrew economic newspaper Calcalist had revealed days ago that a huge and...
Bicent: Kevin Warsh and Kevin Hassett are qualified to lead the Federal Reserve Board
SadaNews - U.S. Treasury Secretary "Scott Bicent" stated that President Donald Trump’s economic advisor "Kevin Hassett", and the American financier and banking executive "Kevin Warsh", are qualified to take on the presidency of the Federal Reserve Board.
Bicent added: The two proposed names have th...
ثروة إيلون ماسك تتجاوز عتبة 600 مليار دولار لأول مرة
Stocks Dip and Dollar Weakens as Job Report and Price Index Awaited
SadaNews - Global stocks have slightly dipped, while the dollar remained steady near its lowest levels in two months, as investors remain cautious ahead of key U.S. economic data that may provide signals about the upcoming interest rate trajectory. In contrast, the Japanese yen recorded gains.
The...
Expectations for 15 Reactors to Operate Worldwide in 2026
SadaNews - BloombergNEF expects that the nuclear energy sector will operate 15 reactors worldwide in 2026, marking a significant leap after the total capacity shrank by 1.1 gigawatts this year.
In a report published on Monday, BloombergNEF stated that only two new reactors have come online this yea...
Stability of U.S. Oil Prices Near Their Lowest Level
SadaNews - U.S. oil prices have stabilized near their lowest level since 2021, as traders assess the prospects of reaching a ceasefire in Ukraine, which could pave the way for easing restrictions on Russian oil flows to a market already suffering from a surplus.
West Texas Intermediate crude traded...
Gold Prices Register Near $4,290 an Ounce
SadaNews - The price of gold fell after five days of gains, as investors sold the metal to take profits while awaiting a bundle of U.S. data this week, which could provide indications regarding the Federal Reserve's policy direction on interest rate cuts.
The precious metal dropped by as much as 0....
Inflation in Saudi Arabia Slows to 1.9%
SadaNews - Government data published today, Monday, showed that annual inflation in Saudi Arabia slightly slowed in November to 1.9%. The consumer price index ranged between 2.1% and 2.3% for most of the year, affected by rising housing prices.
The General Authority for Statistics attributed the ri...
Egypt's Holding Company for Roads Wins $80 Million Contract in Iraq
SadaNews - The "Holding Company for Roads, Bridges, Land Transport and Marine Works," affiliated with the Egyptian Ministry of Transport, has won a new contract in Iraq worth $80 million, marking its second expansion outside the local Egyptian market, according to officials who spoke to "Asharq."
T...
House Prices in China Continue to Decline in November
SadaNews - House prices in China continued to decline in November, marking the latest chapter in a downward trend that has persisted for years, prompting policymakers to pledge intensified efforts to address it.
Data released by the National Bureau of Statistics on Monday showed that new home price...
The European Union Enters a Crucial Week to Assert Its Strength Against Trump
SadaNews - The European Union faces a critical moment this week as it seeks to establish itself as an effective geopolitical power.
In the coming days, the European bloc has two pivotal deadlines ahead of it. The first is to finance Ukraine in its war against Russia without support from Washington,...
Rise in Oil Prices Following Improved Demand from China
SadaNews - Oil prices have risen from their lowest levels in nearly two months thanks to improved demand from China, amid concerns about a surplus supply in the market.
Brent crude rose towards $62 a barrel, while West Texas Intermediate was near $58 in thin trading ahead of the Christmas and New Y...