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Launch of the First Direct Submarine Cable in 25 Years Between Egypt and Jordan to Enhance...
SadaNews - Amr Talaat, the Egyptian Minister of Communications and Information Technology, and Sami Al-Smeirat, the Jordanian Minister of Digital Economy and Entrepreneurship, along with Khaled Mubarak, Governor of South Sinai, witnessed via video conference the installation of the high-capacity sub...
10 Nobel Laureates in Economics: Israel on the Brink of Economic Catastrophe Due to Gaza
SadaNews - Israeli newspaper HaMarker revealed that 23 leading economists from universities in America and Europe, including 10 Nobel Laureates in Economics, sent an open letter to Israeli Prime Minister Benjamin Netanyahu warning that "current policies in the Gaza Strip will lead to catastrophic ec...
"Bitcoin" Falls by More Than 4% After Stronger Than Expected U.S. Inflation Data
SadaNews - A stronger than expected inflation reading reminded investors that "Bitcoin" remains a highly volatile asset, just hours after the cryptocurrency reached a new all-time high.
"Bitcoin" fell by more than 4% within minutes after government data showed a surge in U.S. wholesale prices durin...
Egypt Amid Domestic Pressures and External Fluctuations: How Is It Redrawing the Gas Map?
SadaNews Economy - Egypt is currently implementing a multi-faceted strategy to secure its natural gas needs amid declining domestic production and increasing demand, particularly in the electricity and industrial sectors. The plan comprises four main alternatives aimed at reducing dependence on spec...
Oil Prices Reach Highest Level in a Week
SadaNews Economy - Oil prices maintained their gains on Friday, trading at their highest levels in a week, as investors await the upcoming summit between U.S. President Donald Trump and his Russian counterpart Vladimir Putin in Alaska, amid concerns over the impact of geopolitical tensions on suppli...
Unprecedented Real Estate Boom in Dubai and Fears of a New Bubble
SadaNews - The real estate market in Dubai is experiencing an unprecedented boom, with home sales in the second quarter of 2025 reaching the highest level ever, driven by a flow of foreign investors and a decline in the value of the dollar. However, Bloomberg sees that this rapid rise raises concern...
Report: The Rubaya Mine Between The Ambitions of Rebels and The Eyes of Investors
SadaNews - Under the watchful eyes of the "M23" rebels stationed in the hills surrounding the Congolese town of Rubaya, men dressed in rubber boots line up carrying bags filled with crushed rocks, ascending winding paths carved into the slopes.
The workers transport coltan ore, a mineral that power...
Saudi Arabia's Inflation Rate Drops to Lowest Level in 5 Months in July
SadaNews - The annual inflation rate in Saudi Arabia slowed to its lowest level in five months, recording 2.1% in July compared to 2.3% in June, according to data released by the General Authority for Statistics on Thursday.
This was driven by a decrease in the pace of price increases in the "housi...
African Free Trade Agreement: A Stumbling Start and Slow Expansion
SadaNews - Although African countries officially began to liberate trade between them since 2012, reaching a formal agreement on this matter was only realized at the beginning of 2019. This was followed by the lengthy process of involving the relevant countries, which has recently been partially com...
For the third day.. Gold prices rise to $3,370 per ounce
SadaNews - Gold prices have risen for the third consecutive day, with increasing bets on the Federal Reserve cutting interest rates, after Treasury Secretary Scott Pisent urged the U.S. central bank to lower borrowing costs.
The precious metal traded near $3,370 per ounce after Treasury yields fell...
Oil Prices Drop to Two-Month Lows Amid Concerns of Oversupply
SadaNews - Oil prices have remained near their lowest level in two months, after the International Energy Agency stated that the market is heading toward a record oversupply next year.
Brent crude was trading around $66 a barrel, after closing on Wednesday at its lowest level since June 5, while We...
The Marker: Accelerating Decline in the Israeli Market Amid Government Denial
SadaNews - The Israeli newspaper The Marker stated that the Israeli stock exchange lost about 7% of its value in just two weeks, while Finance Minister Bezalel Smotrich continued to present a "misleading" rosy picture of the economic performance, ignoring the deterioration of key indicators and the...