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Wave of Selling Hits Gulf and Egyptian Markets After Unprecedented Military Escalation
SadaNews - Stock markets in Saudi Arabia, Egypt, Oman, and Bahrain plummeted on Sunday, as investors reassessed geopolitical risks following the U.S.-Israeli strikes on Iran, the death of Iranian leader Ali Khamenei, and several senior officials, as well as Tehran's response by targeting regional co...
Oman: Oil Tanker Targeted Near Strait of Hormuz
SadaNews - Oman has announced that an oil tanker was targeted north of the port of Khasab in the Musandam Governorate, near the Strait of Hormuz, in a development that reflects the escalating risks surrounding maritime shipping movements in the region following a US-Israeli attack on Iran and Tehran...
أزمة إيران تهدد بأسوأ اضطراب في أسواق الغاز منذ 2022
What is at stake in the oil markets after the attack on Iran?
SadaNews - The decision by US President Donald Trump to strike Iran creates new risks that threaten a significant portion of global oil supplies.
The Islamic Republic pumps around 3.3 million barrels per day, accounting for 3% of global production, making it the fourth largest producer in the Org...
Barclays: Oil Prices Could Reach $80 per Barrel
SadaNews Economy - Barclays Bank stated that Brent crude could rise to around $80 per barrel in the event of significant supply disruptions, as tensions between the United States and Iran remain high.
The bank said, "While it is entirely possible that escalation does not lead to supply interruption...
Bitcoin Falls Near $63,000 Following Attack on Iran
SadaNews Economy - The cryptocurrency markets experienced a sharp decline during Saturday's trading, with Bitcoin approaching the $63,000 level, recording a drop of about 3 percent within a few hours.
This decline comes in the wake of reports that the United States and Israel launched joint militar...
The Trap of High Prices: Debts Haunt Germans and Bankruptcy Knocks at Their Doors
SadaNews - Rising energy and food prices are pushing more consumers to borrow and declare bankruptcy.
According to data from the information provider "Kreif", there were 107,816 recorded personal bankruptcies in Germany last year, an increase of 7.8 percent compared to 2024. The numbers are expecte...
Major Changes in the Saudi Public Investment Fund… What is Happening?
SadaNews - Bloomberg Agency revealed administrative changes in the Saudi Public Investment Fund to attract additional investments to the Kingdom in line with the economic transformation plan "Vision 2030."
The agency reported that the sovereign wealth fund asked one of the senior executives tasked...
Gold Stabilizes and Heads for its Seventh Consecutive Monthly Gain
SadaNews Economy - Gold stabilized overall today, Friday, as a decline in U.S. Treasury yields contributed to reducing the opportunity cost of holding the precious metal, compensating for the impact of a strong dollar and indications of progress in talks between the U.S. and Iran.
Gold stayed ste...
The IMF Disburses Approximately $2.3 Billion to Egypt Following Two Reviews of the "Reform...
SadaNews - The International Monetary Fund has disbursed funding to Egypt amounting to nearly $2.3 billion, following the completion of the fifth and sixth reviews of the economic reform program implemented by Cairo under the "Extended Fund Facility".
In March 2024, the Fund had approved an expande...
Oil Rises Amid Expectations for Nuclear Negotiations Between Washington and Tehran
SadaNews - Oil prices rose slightly ahead of the nuclear talks between the United States and Iran, while some major Middle Eastern producers boosted their exports, amid rising fears of potential conflict in the region which creates uncertainty about future supplies.
Brent crude climbed above $71 pe...
Gold prices near $5187 per ounce as tensions escalate
SadaNews - Gold prices rose as traders assessed geopolitical tensions in the Middle East and the impact of U.S. tariffs on global trade.
The price of the precious metal climbed toward the $5200 per ounce mark, having gained nearly 6% over the past six sessions, amidst a buildup of U.S. forces in th...