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Which Arab countries are affected by Trump's new tariffs on Iran?
SadaNews - The tariffs announced by U.S. President Donald Trump on countries "that trade with Iran" warn of economic consequences threatening major economic partners of Tehran, primarily China and several Middle Eastern countries, particularly the UAE, Iraq, and Oman, which could reshape supply...
Trump Urges Tech Companies to Bear the Cost of Data Center Electricity
SadaNews - U.S. President Donald Trump addressed American voters' concerns about rising electricity prices, stating that his administration has held discussions with Microsoft to ensure that "consumers do not bear the massive cost" of large data centers.
Trump added in a post on the "Truth Social"...
Oil Prices Continue to Rise After Trump Threatens Iran's Trade Partners with Tariffs
SadaNews - Oil has touched its highest level since November after U.S. President Donald Trump stated he would impose a 25% tariff on goods coming from countries that "trade commercially" with Iran, following a wave of bloody unrest in the OPEC member state.
Brent crude traded near $64 a barrel afte...
Gold Prices Reach Nearly $4,590 an Ounce
SadaNews - Gold stabilized after surging on Monday, amid concerns about the independence of the Federal Reserve, following a threat from U.S. President Donald Trump's administration to charge Chairman Jerome Powell with a criminal offense.
The precious metal was trading near $4,590 an ounce, after...
Trump Escalates Against Powell: Threat of Criminal Charges
SadaNews - The administration of U.S. President Donald Trump has intensified its campaign against Federal Reserve Chairman Jerome Powell, threatening to bring criminal charges against him over statements he made before Congress regarding a renovation project for a Federal Reserve building, which Pow...
Gold Prices Exceed Record Levels Amid Rising Geopolitical Tensions
SadaNews Economy - The price of gold surpassed $4,600 per ounce for the first time today, Monday, while silver prices soared to an all-time high, supported by a state of geopolitical and economic uncertainty, as well as rising expectations for a reduction in U.S. interest rates.
Gold prices in the...
Increase in Local Production and Rising Prices Reduce Egypt's Wheat Imports
SadaNews - Egypt's wheat imports declined by about 8% last year to 13.2 million tons.
The decrease in wheat imports is attributed to a rise in global prices by about 6%, reaching $250 per ton in 2025, in addition to a decrease in domestic demand for "fino" bread due to a decline in the purchasing p...
Global Banks: AI Investments Await a Promising Year in 2026
SadaNews - The global banks have agreed that artificial intelligence was a powerful driver of economic activity in 2025 amidst the rapid transformations occurring worldwide in this field. While most still expect the investment momentum in the sector to continue through 2026, there are varying views...
Expectations of Rising US Inflation Following Mixed Data in November
SadaNews - It is likely that inflation recorded a slight increase in the United States during December 2025, reflecting a continued gradual decline in pricing pressures.
Estimates indicate that the core Consumer Price Index, which excludes food and energy to measure core inflation, rose by 2.7% y...
Gold Continues to Shine in 2026 Despite the Largest Surge in Nearly Half a Century
SadaNews - After one of the most explosive surges in modern market history, few investors expect gold to replicate the same performance in 2026. However, many top fund managers continue to bet on ongoing gains, arguing that the factors driving the precious metal to record levels remain in place.
Go...
Trump Calls for Capping Credit Card Interest Rates at 10% for One Year
SadaNews - President Donald Trump has called for a temporary cap on credit card interest rates at 10% for one year, starting January 20, 2026, without providing details on the legal mechanisms to implement the decision or how to compel companies to comply.
In a post on the "Truth Social" platform,...
Global Oil Prices Rise
SadaNews Economy - Oil prices rose by 2% as concerns about supply increased last night, Friday.
Brent crude futures rose by $1.35 or 2.18% to settle at $63.34 per barrel.
West Texas Intermediate (WTI) crude increased by $1.36 or 2.35% to $59.12.