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Record Gains for Middle Eastern Funds from Chinese Artificial Intelligence Companies
SadaNews - Middle Eastern funds have achieved exceptional gains from their investments in newly listed Chinese artificial intelligence companies, challenging a broader sell-off in global stock markets caused by the ongoing conflict in the Gulf.
The $65 million investment by the "Abu Dhabi Investmen...
Repercussions of the Iran War: Fuel Shortage Hits Hundreds of Stations in Australia
SadaNews - Hundreds of fuel stations across Australia have reported a fuel shortage, as the war in the Middle East disrupts global supplies.
Energy Minister Chris Bowen stated in parliament on Tuesday that at least 600 retail locations across the country have run out of at least one type of fuel. T...
Global Stocks Rise Amid Bet on Diplomatic Path for Iran War
SadaNews - Global stocks rose and oil prices fell, as diplomatic efforts from Washington bolstered cautious optimism about the potential easing of the conflict in the Middle East, calming fears of a prolonged disruption in supply.
The price of Brent crude fell by 4% to $100.30 a barrel, while a reg...
Oil Falls 7% Amid Cautious Market Watch as Hopes for War End Rise
SadaNews - Oil prices fell as indications suggested that the U.S. diplomatic push to end the war with Iran could gain momentum, outweighing reports of additional troops being sent to the region, and the continued closure of the Strait of Hormuz for the most part.
Brent crude dropped by as much as...
Gold Continues Its Gains Amid Hopes for Talks to End Iran War
SadaNews - Gold extended its gains after reports indicated that the United States is seeking a diplomatic path to end the war in the Middle East, bringing an end to a nine-day series of losses for the precious metal.
Gold rose by up to 2.8% to return above the $4,600 per ounce level, adding to gain...
Oil prices rise after sharp decline amid escalation fears in Iran war
SadaNews - Oil prices resumed their rise after a sharp decline on Monday, supported by fears of other countries being drawn into the war in the Middle East.
The price of the "Brent" blend neared the level of $103 per barrel, after dropping by 11% on Monday following President Donald Trump's postpon...
ناقلة تحمل نفطاً عراقياً تصل الهند بعد عبورها مضيق هرمز
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...