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Longest Government Shutdown in America Disrupts Economic Data Release
SadaNews - The longest government shutdown in U.S. history has disrupted the release of the jobs report for two months, while the inflation report expected next week is also threatened, deepening uncertainty for the Federal Reserve, which is experiencing unprecedented division in its policies.
The...
China's Foreign Exchange Reserves Rise to $3.3 Trillion
SadaNews Economy - China announced an increase in its foreign exchange reserves to $3.3433 trillion by the end of last October, equivalent to an increase of 0.14 percent compared to the levels at the end of September.
A statement issued by China's National Foreign Exchange Administration indicated...
Jordan's Foreign Reserves Exceed 24 Billion Dollars
SadaNews - Data from the Central Bank of Jordan showed that the foreign currency reserves at the bank rose to a new record level of 24 billion dollars by the end of October this year.
The data indicated that the value of gold assets at the Central Bank of Jordan also reached a new record high of 9....
Gold Prices Approach $4,000 an Ounce as Dollar Declines
SadaNews Economy - Gold prices rose today, Friday, approaching the $4,000 per ounce level, supported by a decline in the U.S. dollar, while the prolonged government shutdown in the United States has raised concerns about the U.S. economic outlook.
The spot gold price increased by 0.3 percent to $3,...
Stability of Oil Prices After a Two-Day Decline
SadaNews - Oil prices stabilized after a two-day decline, as the U.S. Energy Information Administration reported the largest increase in U.S. inventories since July.
West Texas Intermediate crude traded below $60 a barrel after losing 2.4% over the previous two sessions, while Brent crude stabilize...
Gold Prices Near $3980 an Ounce
SadaNews - Gold stabilized after recording its largest gains in about a week, as traders assessed U.S. interest rate expectations following the release of private sector employment data.
The precious metal maintained its level above $3980 an ounce, after rising by 1.2% on Wednesday.
Data from ADP...
US Economy Loses $15 Billion Weekly Due to Government Shutdown
SadaNews - As the US government shutdown enters its sixth week, its repercussions have begun to extend beyond the bounds of administrative paralysis, transforming into an unprecedented economic and political crisis in the history of the United States.
As daily losses escalate and vital social suppo...
Oman Natural Gas Company and Spanish Company "Naturgy" Sign MoU for Supply of One Million...
SadaNews - The Oman Liquefied Natural Gas Company and the Spanish company "Naturgy" have signed a Memorandum of Understanding (MoU) that includes a study for supplying up to one million tons of liquefied gas annually for a period of 10 years starting from 2030, according to a statement published by...
Rise in Suez Canal Revenue with Navigation Recovery after Ceasefire in Gaza
SadaNews - The Suez Canal Authority announced yesterday, Tuesday, a 14.2% year-on-year increase in canal revenues for the period from July to October 2025, driven by the stabilization of conditions in the Red Sea and the recovery of navigation after the ceasefire in Gaza.
The head of the authority,...
Oil Prices Decline for the Second Consecutive Day Following Expectations of Increased U.S....
SadaNews - Oil prices declined for the second consecutive day after an industrial report showed the largest increase in U.S. inventories in more than three months.
Brent crude fell close to $64 per barrel, while West Texas Intermediate was traded around $60.
A document issued by the American Petro...
Stability of Gold Prices Near $3960 an Ounce
SadaNews - Gold stabilized after recording its largest decline in over a week, as the U.S. dollar rose to its highest levels since May, which limited demand for the precious metal.
Spot gold traded near $3960 an ounce after dropping by about 2% in the previous session.
The U.S. dollar index rose f...
Starbucks Sells 60% of Its Stake in China for $4 Billion
SadaNews - Starbucks has announced that it will sell a majority stake in its operations in China to investment company "Boy Capital" in a deal valued at approximately $4 billion, marking one of the largest exit deals by a global consumer company in the Chinese market in recent years.
Under the agre...