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Jordan Hotels Association: Sharp Decline in Hotel Occupancy Rates and Cancellations of Tou...
SadaNews - The Jordan Hotels Association stated on Monday that it is closely monitoring the geopolitical developments and the ongoing war in the Middle East, which impose direct repercussions on global travel and tourism movement, the effects of which have begun to clearly reflect on the tourism sec...
Aramco's 2025 Profits Fall Short of Expectations Amid Declines in Oil and Refined Product...
SadaNews - Saudi Aramco reported profits below expectations last year, affected by a decline in crude oil, refined products, and chemical prices, according to company data released on Tuesday.
The results showed a net income drop of 11.6% to approximately 348 billion riyals.
These results reflect...
Egypt Temporarily Postpones Plan to Issue International Bonds Amid Fallout from the War on...
SadaNews - The Egyptian government has postponed its plan to issue international bonds during the current period due to the escalating geopolitical tensions related to the U.S.-Israeli war on Iran, according to statements from a government official.
Finance Minister Ahmed Kojok revealed at the begi...
War and Rising Energy Prices Threaten Global Sugar Supplies
SadaNews - Analysts stated that the sharp rise in energy prices, coupled with the ongoing war in the Middle East, will drive sugarcane processing plants in Brazil to increase ethanol production and reduce sugar output in the upcoming season, which starts in the coming weeks.
Raw sugar contracts on...
Oil Prices Decline As Trump Seeks to Alleviate Concerns Over Length of War
SadaNews - Oil prices fell after U.S. President Donald Trump stated that the war with Iran would end soon, as the conflict in the Middle East turns global energy markets upside down and raises new inflation concerns.
Brent and West Texas Intermediate crude dropped by more than 10% before recovering...
Gold rises following Trump's statements about the imminent end of the Iran War
SadaNews - Gold rose after U.S. President Donald Trump indicated that the war with Iran could be nearing an end, leading to a decline in the U.S. dollar and oil prices.
The precious metal increased by 0.9% to surpass $5,180 per ounce, recovering from losses in the previous session.
Trump stated th...
The Crisis in the Strait of Hormuz Hits Global Trade, Not Just Oil
SadaNews - Ships transiting the Strait of Hormuz account for approximately 4.5% of total annual global trade. The war between the United States and Iran has caused a significant decline in transit traffic, reaching extremely low levels, while the Trump administration seeks solutions.
Oil tankers ar...
Growth or Fighting Inflation.. The War on Iran Disrupts Central Bank Calculations
SadaNews - A Reuters report indicated that the Israeli-American war on Iran has led to a radical shift in expectations for central banks globally, as the massive supply shock has forced these banks into a difficult trade-off between supporting growth and combating inflation.
Reuters added that redu...
صندوق النقد يحذر من موجة تضخم عالمية مع قفزة أسعار النفط بسبب الحرب
European Gas Jumps 30% as Supplies Disrupt
SadaNews - Gas prices in Europe rose by nearly 30% on Monday amid the war in the Middle East, which has shaken energy markets and raised fears of prolonged supply disruptions.
The price of the Dutch TTF natural gas contract, which is a benchmark in Europe, increased to 69.50 euros before slipping s...
G7 Discusses Releasing Oil from Emergency Reserves
SadaNews - The G7 finance ministers plan to discuss the possibility of a joint release of oil from emergency reserves, coordinated by the International Energy Agency, during an emergency meeting today, Monday, to address the rise in oil prices following the conflict in the Gulf, according to the "Fi...
The War on Iran Puts Global Energy Security at Risk
SadaNews - Oil prices continued their record increases at the start of the week's trading, exceeding $118 per barrel for the first time since 2022, when the war in Ukraine heightened concerns about energy supplies.
This surge comes at a time when the scope of military confrontation in the Middle Ea...