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Georgieva Warns of Iran War Testing Global Economic Resilience
SadaNews - The Director of the International Monetary Fund, Kristalina Georgieva, stated that the war in the Middle East will test the resilience of the global economy, warning that "new shocks in various forms and sizes" will continue to emerge.
Confirming the IMF's concern over the suffering and...
Oil Prices Exceed $84 Amid Near-Complete Closure of Strait of Hormuz
SadaNews - Oil prices extended their gains as the war waged by the United States and Israel against Iran disrupted oil supplies to major importers, with the warring parties vowing to continue the conflict, and China, the largest crude importer in the world, seeking to secure fuel.
Brent crude rose...
Gold Rises as Dollar Weakens Amid Middle East Tensions
SadaNews - Gold rose after the dollar weakened and the war in the Middle East entered its sixth day with no signs of resolution.
The precious metal increased by as much as 0.9% to reach $5,180 per ounce, following a gain of 1% in the previous session.
Investors were seeking safer assets as U.S. an...
Optimism for UAE Bank Stocks Despite Middle East Conflict
SadaNews - Cantor Fitzgerald has recommended purchasing shares of United Arab Emirates banks despite the regional conflict threatening the Gulf nation, calling these shares "low-risk and high-return" investments.
Analyst Kato Mukoro advised "over-weighting" shares of seven banks in investment portf...
Severe Losses for Asian Stocks Amid Surge in Oil and Gas Prices
SadaNews - The repercussions of the expansion of the US-Israeli war on Iran have extended to the energy and financial markets, where oil and gas prices have risen, while Asian stocks faced severe losses led by South Korea and Japan.
LNG Prices Surge in Asia and Europe
LNG prices in Asia have surg...
Amid 'Supply Shock'.. Oil and Gas Halt European Recovery
SadaNews -Europe faces a dual test with the widening war against Iran, a shock to energy that raises production and living costs, and shipping and insurance disruptions that double the "uncertainty tax" on trade and investment.
The International Monetary Fund confirmed today, Tuesday, that it is "c...
Oil Rises Despite Washington's Commitment to Protect Supply Flow from Hormuz
SadaNews - Oil extended its gains as new attacks erupted in the Middle East, while traders evaluated a U.S. plan to secure and escort oil tankers passing through the Strait of Hormuz, as shipping activity through this vital corridor had nearly come to a halt.
Brent crude rose towards $83 a barrel af...
UAE Resumes Trading on Abu Dhabi and Dubai Stock Exchanges After War Closure
SadaNews - The UAE has decided to resume trading on the "Abu Dhabi Securities Exchange" and the "Dubai Financial Market" on Wednesday, March 4, after a two-day closure due to the escalation of the US-Israeli war on Iran and the widening conflict in the Middle East.
The Securities and Commodities Au...
Gold Maintains a Foothold Above $5,100 Amidst the War
SadaNews - Gold rose, recouping some of the losses incurred in the previous session, as buyers entered the market at lower prices in a risk-filled environment, on the fifth day of the war in the Middle East.
The precious metal climbed by as much as 2%, regaining some gains after a four-day rally en...
Increase in Airfare to Asia and Europe After Gulf Airports Closure
SadaNews - Airfares between Asia and Europe have significantly increased following the closure of major airports in the Middle East due to the American-Israeli war on Iran.
Airline websites have shown that tickets on many airlines are fully booked for days.
Major airports in the Gulf, including Du...
Oil Prices Continue to Rise Amid Heightened Tensions Over the Strait of Hormuz
SadaNews - Oil prices continued to rise as the United States and Israel escalated their war against Iran, while the latter threatened a complete closure of the vital Strait of Hormuz.
Brent crude rose to around $79 a barrel, after jumping about 7% on Monday, while West Texas Intermediate was near $...
Gold Rises Amid Fears of Iran War's Impact on US Inflation
SadaNews - Gold has risen for the fifth consecutive day as the escalating war in the Middle East has disrupted global energy markets, driving investors toward safer assets.
The precious metal climbed by up to 0.8% to surpass $5,360 per ounce, after adding more than 3% during the previous four sessi...