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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...
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...