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Saudi Arabia Cancels Financial Fees for Expat Workers in Industrial Facilities
SadaNews - The Saudi Council of Ministers, chaired by Crown Prince Mohammed bin Salman, has approved the cancellation of the financial fees imposed on expat workers in licensed industrial facilities, according to a statement reported by the Saudi Press Agency (SPA) today.
This decision comes to ena...
Oil Prices Rebound After Trump's Escalation Against Venezuela
SadaNews - Oil prices have risen from their lowest level since 2021, following U.S. President Donald Trump's escalation of pressure on Venezuela by issuing an order to impose a blockade on sanctioned oil tankers off the coast of the South American nation.
Brent crude surged above $59 per barrel aft...
Gold prices approach $4,335 per ounce
SadaNews - Gold is nearing a new record level as investors await U.S. inflation data and monitor escalating tensions in Venezuela, while silver has surged to a new historic peak, continuing a strong upward trend.
The precious metal traded near $4,335 per ounce, recovering from a slight decline in t...
Report: UAE Signed Massive Secret Deal with an Israeli Company
Translation by SadaNews Economy - The French website Intelligence Online revealed on Tuesday that the UAE is the country that signed a massive and secret deal with the Israeli Elbit military industries about a month ago.
The Hebrew economic newspaper Calcalist had revealed days ago that a huge and...
Bicent: Kevin Warsh and Kevin Hassett are qualified to lead the Federal Reserve Board
SadaNews - U.S. Treasury Secretary "Scott Bicent" stated that President Donald Trump’s economic advisor "Kevin Hassett", and the American financier and banking executive "Kevin Warsh", are qualified to take on the presidency of the Federal Reserve Board.
Bicent added: The two proposed names have th...
ثروة إيلون ماسك تتجاوز عتبة 600 مليار دولار لأول مرة
Stocks Dip and Dollar Weakens as Job Report and Price Index Awaited
SadaNews - Global stocks have slightly dipped, while the dollar remained steady near its lowest levels in two months, as investors remain cautious ahead of key U.S. economic data that may provide signals about the upcoming interest rate trajectory. In contrast, the Japanese yen recorded gains.
The...
Expectations for 15 Reactors to Operate Worldwide in 2026
SadaNews - BloombergNEF expects that the nuclear energy sector will operate 15 reactors worldwide in 2026, marking a significant leap after the total capacity shrank by 1.1 gigawatts this year.
In a report published on Monday, BloombergNEF stated that only two new reactors have come online this yea...
Stability of U.S. Oil Prices Near Their Lowest Level
SadaNews - U.S. oil prices have stabilized near their lowest level since 2021, as traders assess the prospects of reaching a ceasefire in Ukraine, which could pave the way for easing restrictions on Russian oil flows to a market already suffering from a surplus.
West Texas Intermediate crude traded...
Gold Prices Register Near $4,290 an Ounce
SadaNews - The price of gold fell after five days of gains, as investors sold the metal to take profits while awaiting a bundle of U.S. data this week, which could provide indications regarding the Federal Reserve's policy direction on interest rate cuts.
The precious metal dropped by as much as 0....
Inflation in Saudi Arabia Slows to 1.9%
SadaNews - Government data published today, Monday, showed that annual inflation in Saudi Arabia slightly slowed in November to 1.9%. The consumer price index ranged between 2.1% and 2.3% for most of the year, affected by rising housing prices.
The General Authority for Statistics attributed the ri...
Egypt's Holding Company for Roads Wins $80 Million Contract in Iraq
SadaNews - The "Holding Company for Roads, Bridges, Land Transport and Marine Works," affiliated with the Egyptian Ministry of Transport, has won a new contract in Iraq worth $80 million, marking its second expansion outside the local Egyptian market, according to officials who spoke to "Asharq."
T...