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Gold Declines Again as Markets Assess Conflicting Statements on War
SadaNews - Gold has declined as investors evaluate conflicting statements regarding the war in the Middle East, as the postponement of U.S. strikes on Iran's energy infrastructure has provided only a brief respite from the steep decline experienced by the precious metal during the conflict.
The pre...
Vault22 plans to launch an Islamic financing platform in the UAE
SadaNews - Vault22, a fintech company supported by the innovation unit of Standard Chartered, intends to enter the Islamic finance market by offering Sharia-compliant services in the areas of personal finance and wealth management in the United Arab Emirates.
The company will launch a new platform...
Slight Decline in Oil Prices Amid Rising Tensions and Anticipation of Iranian Supply Retur...
SadaNews Economy - Oil prices fell slightly today, Monday, as investors balanced between U.S. and Iranian threats to target energy facilities, which could escalate the conflict further, and the release of millions of barrels of sea-borne Iranian oil to global markets after Washington temporarily lif...
International Energy Agency: The War Costs the World 11 Million Barrels of Oil Per Day
SadaNews Economy - The Executive Director of the International Energy Agency, Fatih Birol, stated today, Monday, that the agency is conducting intensive consultations with governments in Asia and Europe to discuss the possibility of drawing additional amounts from strategic oil reserves, in order to...
Gold Falls by More Than 2% Amid Rising Inflation Concerns Due to Tensions in the Middle Ea...
SadaNews Economy: Gold prices fell by more than 2% on Monday, continuing their decline to the lowest levels in nearly four months, amid escalating tensions in the Middle East and the concerns it raised about inflation and expectations of rising interest rates globally.
Gold dropped in spot transact...
ESCWA: The War Threatens the Arab Region with a Loss of $150 Billion
SadaNews Economy - The United Nations Economic and Social Commission for Western Asia (ESCWA) has sounded a loud alarm, revealing a staggering economic bill that is escalating at an unprecedented rate in the Arab region.
In just two weeks, about $63 billion evaporated from the region's GDP (1.6%),...
One Million Dollars Per Minute: Iran's War Entraps America in Costs and Division
Economy SadaNews - As a fundamental change in the announced strategic objectives of the Iran war looms on the horizon, urgent questions arise about the duration of this confrontation and the opportunity cost being borne by the American citizen from his pocket and the future of his service programs,...
The Global Economy Under Pressure from War with Expectations of Declining Business Indicat...
SadaNews - Business surveys from the United States to the Eurozone are expected to be released in the first comprehensive check of the global economy's health since the outbreak of war in the Middle East.
All Purchasing Managers' Index (PMI) indicators compiled by "Bloomberg" are expected to show a...
Trump Warns Iran 48 Hours to Open the Strait of Hormuz and Threatens to Target Infrastruct...
SadaNews - US President Donald Trump escalated his threats against Iran, announcing a 48-hour deadline for it to reopen the Strait of Hormuz to international navigation, warning of direct targeting of energy infrastructure in case of non-compliance.
In a post on the "Truth Social" platform, Trump u...
SoftBank Invests $33 Billion to Build the Largest Power Plant in America
SadaNews Economy - The Japanese company "SoftBank" announced on Saturday its plans to build a massive natural gas power plant in Ohio, USA, to provide energy for artificial intelligence data centers.
"SoftBank," an investor in the technology sector, is a major supporter of "OpenAI," the developer o...
Indian and Asian Refineries Prepare to Resume Purchases of Iranian Oil with US Green Light
SadaNews Economy - Traders said on Saturday that Indian refineries are planning to resume purchasing Iranian oil, while refineries in other Asian countries are considering this step after Washington temporarily lifted sanctions to alleviate the energy crisis caused by the US-Israeli war on Iran.
Th...
Oil Prices Decline, American Crude Heads for First Losses in 5 Weeks
SadaNews: Oil prices fell during trading on Friday after major European countries and Japan offered to unify efforts to ensure safe passage for ships through the Strait of Hormuz, alongside the U.S. announcing steps to support supplies.
According to trading data reported by CNBC, Brent crude future...