International Economy
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Iraq Denies Conceding Disputed Maritime Corridor with Kuwait
SadaNews Economy - The head of the Iraqi parliamentary Rights Bloc, Representative Saud Al-Saadi, affirmed that the issue of the disputed Khor Abdullah with Kuwait is a national and sovereign matter, not a political or electoral one.
He clarified during a press conference in Parliament that claims...
European Bank Stocks Reach Highest Levels Since 2008
SadaNews Economy - The stocks of the largest European banks have seen a significant increase this week, reaching unprecedented levels since the global financial crisis, driven by a sharp rise in long-term interest rates, which has greatly boosted these banks' profits.
HSBC's stock listed on the Lon...
What do you know about Norway's economy.. The richest oil country in Europe?
SadaNews - Oil has become the main driver of Norway's economy since the discovery of massive offshore reserves in the late 1960s, and the Norwegian economy has long been linked to the energy sector.
The uniqueness of the Norwegian experience lies in its ability to manage its natural resources effic...
US Federal Reserve Takes a Quick Hit After Its Decision to Maintain Interest Rates
SadaNews Economy - Just a few days have passed, and it seems that the recent decision by the Federal Reserve regarding interest rates has completely lost its validity.
The US central bank announced on Wednesday that it would keep borrowing costs unchanged, continuing the wait-and-see policy it star...
Trump's Tariffs Shock Business and Political Circles in India
SadaNews Economy - As Indian government officials assess their response and business groups calculate the costs of trade barriers, local social media accounts ignited with user protests over Trump’s comments and criticisms of Indian Prime Minister Narendra Modi for not speaking candidly.
The issue...
Oil prices rise and head for weekly gains of about 5%
SadaNews Economy - Oil prices rose during trading on Friday, after falling by more than 1 percent in the previous session, as traders assessed the impact of new high U.S. tariffs that could undermine economic activity and reduce global fuel demand growth.
In terms of trading, Brent crude futures ro...
Gold Slightly Declines and Heads for Weekly Loss
SadaNews Economy - Gold prices slightly declined during trading on Friday, heading for a weekly loss amid a rise in the dollar following U.S. President Donald Trump's imposition of new tariffs on dozens of countries, and with anticipation of the release of the U.S. jobs report later today.
In tradin...
Heathrow Expansion Plan to Cost £49 Billion
SadaNews Economy - London Heathrow Airport, the largest airport in Europe by passenger numbers, announced on Friday that its expansion and modernization plan, particularly through the construction of a third runway, will cost £49 billion (€57 billion), and will be fully funded by the private sector....
Among Them Israel and Arab Countries.. Trump Signs Executive Order to Impose New Tariffs
SadaNews Economy - The White House announced that US President Donald Trump signed an executive order last night imposing tariffs ranging from 10% to 41% on a number of countries.
The White House stated that President Donald Trump signed an executive order increasing tariffs on Canadian goods from...
Where Does the Moroccan Digital Dirham Project Stand and What Is Its Importance?
SadaNews - Bank Al-Maghrib (the central bank) continues to study the issuance of a central digital currency aimed at simplifying payment processes between individuals and accelerating cross-border financial transfers.
Bank Governor Abdellatif Jouahri clarified during a conference held in Rabat on J...
Jordan's Central Bank Keeps Interest Rates Unchanged Supported by 2.7% GDP Growth in Q1 20...
SadaNews - The Open Market Operations Committee at the Central Bank of Jordan decided in its fifth meeting of this year to maintain the "central bank's key interest rate" and the other interest rates of monetary policy instruments at their current levels without change, according to a statement issu...
US Stock Futures Rise Driven by Gains in the Technology Sector
SadaNews - US stock futures rose in Asian trading as strong earnings from tech giants fueled optimism about the sustainability of profits. The dollar gave up some of the gains it made following the Federal Reserve's decision to keep interest rates unchanged.
Nasdaq 100 futures increased by 1.3%, wh...