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European Stocks Decline Amid Anticipation of Corporate Results and Central Bank Decisions
SadaNews - European markets opened lower on Tuesday, giving up the gains made at the beginning of the week and the new month, with investors awaiting quarterly results from several major companies and expected decisions from central banks.
The overall European index "Stoxx 600" fell by 1.1%, reachi...
British BP Reports Quarterly Profits Exceeding Expectations Despite Weak Oil Prices
SadaNews - British company BP announced today, Tuesday, that it achieved quarterly profits exceeding expectations during the third quarter of 2025, supported by progress in its cost-cutting program and asset sales, which boosts investor confidence in the company’s new strategy focusing on oil and ga...
Oil Prices Decline Amid Oversupply Fears
SadaNews - Oil prices declined on Tuesday as investors assess the OPEC+ alliance's decision to suspend production increases during the first quarter of next year, amid ongoing concerns about potential global oversupply.
Brent crude futures fell by about 0.2%, recording $64.70 per barrel, while West...
Gold Prices Hover Around $3,960 an Ounce
SadaNews - Gold prices dropped after three Federal Reserve policymakers refrained from supporting a new interest rate cut next month, while the US dollar index continued to trade near its highest levels in several months.
The precious metal fell and was recorded near $3,960 an ounce after swinging...
UAE: The World Needs Massive Capital Investments Exceeding $4 Trillion Annually to Meet En...
SadaNews - The world needs massive capital investments exceeding $4 trillion annually to meet the demands of electricity networks, data centers, and to provide all sources of energy supply, emphasizing that the short-term outlook is certain, while demand for energy in all its forms remains very stro...
Why Doesn't Morocco's Economy Create Enough Job Opportunities?
SadaNews - Despite the growth rates achieved by Morocco's economy, providing enough job opportunities to absorb unemployment, especially among youth, remains a major challenge.
The figures clearly reflect the paradox: During the first and second quarters of the year, the Kingdom achieved growth of...
Egyptian National Bank lends "East Mediterranean Gas" $300 million to receive Israeli gas
SadaNews - The "Egyptian National Bank", the largest state-owned bank, intends to lend the company "East Mediterranean Gas" $300 million to finance the construction of a new pipeline in Sinai for transporting additional quantities of Israeli gas to Egypt, according to three informed sources who requ...
Gold price exceeds $4000 per ounce
SadaNews - Gold prices have risen above the level of $4000 per ounce even after China ended a long-standing tax exemption for some retailers, a move that could weaken demand in one of the world's largest precious metals markets.
The precious metal increased by 0.14% to approximately $4008.69 per ou...
Dispute Between "EGAS" and Fertilizer Companies Over Natural Gas Price Increase
SadaNews - The increase of one dollar to the natural gas price for fertilizer factories in Egypt starting from last October has sparked a dispute between four companies (Abu Qir, Helwan, Kima, Alexandria) and the Egyptian Natural Gas Holding Company "EGAS", regarding the application of the price equ...
Expectations Indicate Bank of England's Move to Keep Interest Rates Unchanged Ahead of Bud...
SadaNews - It is expected that the Bank of England will keep interest rates unchanged on Thursday, slowing the pace of monetary easing that it has maintained for over a year at a quarter-point every 3 months.
Investors and economists expect that the bank's Monetary Policy Committee will keep the in...
OPEC+ Moves Towards Approving a Slight Increase in Oil Production for December
SadaNews - Discussions among the "OPEC+" alliance are currently focused on approving a slight increase in oil production for December, according to three representatives familiar with the ongoing talks ahead of an online meeting scheduled for Sunday.
The representatives, who requested anonymity due...
Saudi "SABIC" Turns Profitable but Below Market Expectations
SadaNews - The "Saudi Basic Industries Corporation" (SABIC), the largest petrochemical company in Saudi Arabia, returned to profitability in the third quarter of 2025, indicating an improvement in the operating environment, ending a series of losses that lasted for three consecutive quarters. Howeve...