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ESCWA: The War Threatens the Arab Region with a Loss of $150 Billion
SadaNews Economy - The United Nations Economic and Social Commission for Western Asia (ESCWA) has sounded a loud alarm, revealing a staggering economic bill that is escalating at an unprecedented rate in the Arab region.
In just two weeks, about $63 billion evaporated from the region's GDP (1.6%),...
One Million Dollars Per Minute: Iran's War Entraps America in Costs and Division
Economy SadaNews - As a fundamental change in the announced strategic objectives of the Iran war looms on the horizon, urgent questions arise about the duration of this confrontation and the opportunity cost being borne by the American citizen from his pocket and the future of his service programs,...
The Global Economy Under Pressure from War with Expectations of Declining Business Indicat...
SadaNews - Business surveys from the United States to the Eurozone are expected to be released in the first comprehensive check of the global economy's health since the outbreak of war in the Middle East.
All Purchasing Managers' Index (PMI) indicators compiled by "Bloomberg" are expected to show a...
Trump Warns Iran 48 Hours to Open the Strait of Hormuz and Threatens to Target Infrastruct...
SadaNews - US President Donald Trump escalated his threats against Iran, announcing a 48-hour deadline for it to reopen the Strait of Hormuz to international navigation, warning of direct targeting of energy infrastructure in case of non-compliance.
In a post on the "Truth Social" platform, Trump u...
SoftBank Invests $33 Billion to Build the Largest Power Plant in America
SadaNews Economy - The Japanese company "SoftBank" announced on Saturday its plans to build a massive natural gas power plant in Ohio, USA, to provide energy for artificial intelligence data centers.
"SoftBank," an investor in the technology sector, is a major supporter of "OpenAI," the developer o...
Indian and Asian Refineries Prepare to Resume Purchases of Iranian Oil with US Green Light
SadaNews Economy - Traders said on Saturday that Indian refineries are planning to resume purchasing Iranian oil, while refineries in other Asian countries are considering this step after Washington temporarily lifted sanctions to alleviate the energy crisis caused by the US-Israeli war on Iran.
Th...
Oil Prices Decline, American Crude Heads for First Losses in 5 Weeks
SadaNews: Oil prices fell during trading on Friday after major European countries and Japan offered to unify efforts to ensure safe passage for ships through the Strait of Hormuz, alongside the U.S. announcing steps to support supplies.
According to trading data reported by CNBC, Brent crude future...
UAE Denies Imposing Restrictions on Capital Movement
SadaNews - The UAE's Ministry of Economy and Tourism denied on Thursday the validity of rumors circulating on some platforms regarding the imposition of restrictions by the UAE on capital movement or preventing foreign investors from transferring or managing their funds, in accordance with the appli...
The Open Market Operations Committee Decides to Maintain the Main Interest Rate of the Cen...
SadaNews - The Open Market Operations Committee at the Central Bank of Jordan held its second meeting for the year 2026, where it decided to keep the "main interest rate of the bank" at its current level of 5.75%, and to maintain interest rates on other monetary policy tools unchanged.
This decisio...
Saudi Arabia Secures Half of Its Oil Exports via Alternative Route to the Strait of Hormuz
SadaNews - Saudi Arabia has already increased its oil exports to more than half of its usual levels, despite the disruptions caused by the war with Iran, indicating early success for the kingdom's ambitious emergency plan to bypass the Strait of Hormuz.
As the Strait of Hormuz approaches total clos...
Bank of Japan Keeps Interest Rates Unchanged Amid Economic Uncertainty
SadaNews - The Bank of Japan maintained its interest rate unchanged amid economic uncertainty due to the conflict in the Middle East.
At the conclusion of a two-day meeting, the central bank decided on Thursday to keep the benchmark interest rate at 0.75%, according to a statement. This decision al...
Asian stocks fall as oil prices rise and inflationary pressures increase
SadaNews - Asian stocks declined as attacks on key energy infrastructure in the Middle East pushed oil prices higher, raising investor concerns that the escalation of the war could increase inflationary pressures.
The "MSCI Asia-Pacific" index fell more than 2%, ending a three-day rally, as investo...