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Gold price exceeds $4000 per ounce
SadaNews - Gold prices have risen above the level of $4000 per ounce even after China ended a long-standing tax exemption for some retailers, a move that could weaken demand in one of the world's largest precious metals markets.
The precious metal increased by 0.14% to approximately $4008.69 per ou...
Dispute Between "EGAS" and Fertilizer Companies Over Natural Gas Price Increase
SadaNews - The increase of one dollar to the natural gas price for fertilizer factories in Egypt starting from last October has sparked a dispute between four companies (Abu Qir, Helwan, Kima, Alexandria) and the Egyptian Natural Gas Holding Company "EGAS", regarding the application of the price equ...
Expectations Indicate Bank of England's Move to Keep Interest Rates Unchanged Ahead of Bud...
SadaNews - It is expected that the Bank of England will keep interest rates unchanged on Thursday, slowing the pace of monetary easing that it has maintained for over a year at a quarter-point every 3 months.
Investors and economists expect that the bank's Monetary Policy Committee will keep the in...
OPEC+ Moves Towards Approving a Slight Increase in Oil Production for December
SadaNews - Discussions among the "OPEC+" alliance are currently focused on approving a slight increase in oil production for December, according to three representatives familiar with the ongoing talks ahead of an online meeting scheduled for Sunday.
The representatives, who requested anonymity due...
Saudi "SABIC" Turns Profitable but Below Market Expectations
SadaNews - The "Saudi Basic Industries Corporation" (SABIC), the largest petrochemical company in Saudi Arabia, returned to profitability in the third quarter of 2025, indicating an improvement in the operating environment, ending a series of losses that lasted for three consecutive quarters. Howeve...
Gold Council: Global Demand for Gold Reaches Record Level
SadaNews - The World Gold Council announced yesterday, Thursday, that global demand for gold rose by 3% year-on-year to reach 1,313 tons, the highest quarterly figure ever recorded, in the third quarter of the year, with a sharp increase in investment demand.
Gold prices in the spot market have sur...
Jordanian Central Bank Cuts Interest Rate by 25 Basis Points to Support Monetary Stability
SadaNews Economy - The Open Market Operations Committee at the Central Bank of Jordan decided, in its seventh meeting of this year, to lower the "key interest rate" of the Central Bank and the interest rates on other monetary policy tools by 25 basis points, effective Sunday, November 2, 2025.
This...
Investigation Reveals Secret Cooperation Between Israel, Google, and Amazon
SadaNews - An investigation conducted by the British newspaper "The Guardian" and other media outlets has revealed that Google and Amazon agreed to conditions set by Israel that allow it to circumvent legal orders in exchange for signing a cloud services deal worth $1.2 billion.
Accordi...
After Meeting with the Chinese President.. Trump: Trade Agreement with China Very Soon
SadaNews - U.S. President Donald Trump stated that he believes he will sign a trade agreement with China very soon and intends to visit Beijing in April, following a summit with Chinese President Xi Jinping in South Korea.
The president added to reporters aboard Air Force One that there are no obst...
Gold Prices Rise After Cutting Expectations for US Interest Rate Cuts
SadaNews - Gold prices rose after four consecutive sessions of decline, as traders scaled back their bets on further monetary easing from the Federal Reserve following remarks from its chairman, Jerome Powell, who downplayed the likelihood of interest rate cuts in December.
The precious metal trade...
Nvidia Becomes the First Company to Exceed a Value of 5 Trillion Dollars
SadaNews - Nvidia, the chip-making company, made history today, Wednesday, as the first company to exceed a market value of 5 trillion dollars, driven by a series of impressive gains that solidified its position in the global artificial intelligence sector.
This achievement highlights Nvidia's rapi...
Al-Shara: We Attracted Investments Worth 28 Billion Dollars
SadaNews - Syrian President Ahmad al-Shara said today, Wednesday, that Syria has attracted investments worth 28 billion dollars over the past ten months.
Al-Shara added, during a session attended by Saudi Crown Prince Mohammed bin Salman at the Future Investment Initiative conference in Riyadh, tha...