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Cristiano Ronaldo Joins the Billionaire Club with a Wealth of $1.4 Billion
SadaNews - The Portuguese star Cristiano Ronaldo has made history once again, but this time off the pitch, as he became the first football player in the world to reach a net worth of one billion dollars, according to Bloomberg's billionaire index, which estimated his net worth at $1.4 billion.
Over...
Slight Rise in Oil Prices as Markets Focus on U.S. Inventory Data
SadaNews - Oil prices rose slightly after a mixed report on U.S. inventories was released, as traders continued to focus on broader supply forecasts, with the "OPEC+" alliance maintaining its production increases and the expansion of U.S. output.
Brent crude climbed close to $66 a barre...
For the First Time.. The Ounce Exceeds $4000
SadaNews - The prices of spot gold have risen above the level of $4,000 per ounce for the first time, as fears regarding the U.S. economy escalate and the government shutdown continues, adding new momentum to the strong rise of the precious metal.
Gold increased by 0.4% to reach $4,001.11 per ounce...
More Optimistic Predictions: The World Bank Raises Estimates for Growth in the Middle East...
SadaNews - The World Bank has raised its growth forecasts for the region that includes the Middle East, North Africa, Afghanistan, and Pakistan for 2025, but has downgraded them for the upcoming year, attributing the adjustments to conflicts and declining oil production in Iran and Libya.
The Washi...
Bitcoin Approaches $126,000 and Achieves New Highs
SadaNews - Bitcoin has recorded a new all-time high today, Monday, as the world's largest cryptocurrency by market capitalization continues to benefit from strong demand from investors.
The increase since the beginning of the year has been supported by institutional investments, more lenient polici...
Gold Prices Approach $4,000 an Ounce
SadaNews - Gold prices have reached a new record level, approaching $4,000 per ounce, amid increasing uncertainty caused by the U.S. government shutdown and the political crisis in France.
Gold rose to $3,977.44 an ounce after a jump of 1.9% on Monday. The suspension of federal activities that be...
The Largest Real Estate Company 'Aldar Properties' Bets on Affordable Homes and Private Fi...
SadaNews - The largest real estate development company in Abu Dhabi has mainly focused on building luxury homes over the past two decades.
However, after the company gained significant cash liquidity following a long period of prosperity, "Aldar Properties" has begun to shift its attention towards...
China or America: Who Will Capture a Larger Share of the Energy Export Market?
SadaNews - A fierce battle is underway between the two largest economies in the world for a share of the energy export market. The United States seeks to have the world buy its fossil fuels, while China wants to sell its clean energy technologies to the world. Currently, there is a clear winner: Chi...
Gold Prices Rise Amid Increasing Demand for Safe Haven
SadaNews - Gold has recorded a new record level at the beginning of the week, approaching the threshold of 4,000 dollars per ounce, benefiting from investors' demand for safe havens amid the ongoing government shutdown in the United States.
The precious metal rose to 3,932.02 dollars per ounc...
After OPEC+ Decision to Increase Production.. Oil Prices Rise
SadaNews - Oil started its trading on a rise after the OPEC+ alliance agreed to an increase in oil production that was less than what the market had anticipated.
Brent crude rose above $65 per barrel, while West Texas Intermediate crude reached around $62. The beginning of the Asian trading session...
Bitcoin Price Hits Record High Surpassing $125,000
SadaNews - Bitcoin has recorded a new historic high amid a broader rise in high-risk assets due to the U.S. government shutdown, which has supported the world’s largest cryptocurrency.
The currency rose to $125,689 in trading on Sunday in Asia, surpassing its previous high recorded on August 14, su...
A Coin Featuring Trump's Image: A Controversial Step in Washington
SadaNews - Officials have announced that the U.S. Treasury Department is considering issuing a one-dollar coin featuring the image of President Donald Trump, in celebration of the 250th anniversary of the country's independence.
Treasury Secretary Scott Benczkowski reshared a post from Treasurer Br...