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In Numbers.. Can the "Digital Euro" Save Europe from the Dominance of American "Visa" and...
SadaNews - Warnings are escalating in European financial circles regarding the near-complete dominance of American companies Visa and MasterCard over the payments market on the continent. This comes at a time when geopolitical tensions are rising, and European officials fear that this financial infl...
$449 million in revenues from the Suez Canal since the beginning of the current year
Sada News - The Egyptian government announced that revenues from the Suez Canal increased by 22% since the beginning of the current year, reaching $449 million as of February 7, 2026.
The Prime Minister's office stated in a press release today, Wednesday, that shipping traffic in the canal experien...
Gold Holds Above $5,000.. Silver Nears $82
SadaNews - Gold prices rose slightly while holding above the $5,000 per ounce level, after weak retail sales data in the United States bolstered expectations that the Federal Reserve would move to lower interest rates.
The precious metal increased by up to 0.6% after closing lower on Tuesday. Consu...
Venezuela Sends First Oil Shipment to Israel After Years of Disruption
SadaNews Economy - Venezuela is sending its first shipment of crude oil to Israel in years, following the resumption of exports from the Latin American country after the capture of its president, Nicolas Maduro.
The shipment is being transferred to "Bazan Group," the largest crude oil processing co...
Oil Maintains Gains Supported by Tensions in the Middle East
SadaNews - Oil prices maintained their gains for the second consecutive day, as tensions in the Middle East escalated, particularly those related to Iran, a member of the Organization of "OPEC," which has added a risk premium to prices.
Brent crude traded just below $69 a barrel, after rising more...
Macron: It is Time for Europe to Find a Common Borrowing Mechanism and Challenge the Dolla...
SadaNews Economy - French President Emmanuel Macron stated in press interviews published today, Tuesday, that the European Union needs to establish a means for common borrowing, such as through euro-denominated bonds, as this will help challenge the dominance of the dollar.
Macron told newspapers i...
Gold prices decline amid profit-taking in a volatile market
SadaNews - Gold prices have declined after two days of gains, as investors opted to take profits in a volatile market that is still trying to find a support level, following a historic sell-off.
Spot bullion fell by as much as 1.4% in early trade, before trimming losses to trade just above $5,000 a...
Warnings Against Europe's Dependence on American Visa and Mastercard
SadaNews - The CEO of the European Payment Initiative, Martina Weimert, warned of Europe's significant reliance on payment systems through American companies Visa and Mastercard.
Weimert stated in an interview with the Financial Times that Europe has good local payment cards, but "we do not have an...
Oil Prices Decline as Tensions Ease in the Middle East
SadaNews - Oil prices fell as tensions in the Middle East eased, reducing the likelihood of supply disruptions in the near term.
Brent crude dipped close to $67 per barrel after losing about 4% last week, while West Texas Intermediate crude was trading near $63.
Iran and the United States held tal...
Gold Prices Rise Again After a Tough Week for Investors
SadaNews - Gold prices rose as buyers looking to capitalize on dips returned to the market after an exceptional week of sharp volatility in precious metals.
Gold traded up and down around the $5,000 per ounce mark, trying to find solid ground after a historic selling wave at the end of last month....
Al-Falih: We have signed agreements worth 20 billion riyals... and there is no ceiling for...
SadaNews - Saudi companies have signed a package of investment partnerships and strategic contracts with Syrian government entities, including sectors such as aviation, telecommunications, infrastructure, and development initiatives, worth up to 20 billion riyals, to enhance investment cooperation a...
Egypt establishes first sodium cyanide production plant in the Middle East
Economy SadaNews - The Egyptian government announced on Saturday the establishment of the first sodium cyanide production plant in the Middle East in Alexandria Governorate on the Mediterranean coast, with an annual production capacity of 50,000 tons and investments of 200 million dollars in the fir...