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Jordan: $4.4 Billion Tourism Income During the First Seven Months of 2025
SadaNews - Preliminary data released by the Central Bank of Jordan on Wednesday indicated an 8.6% increase in tourism income during the first seven months of 2025, reaching $4,398.1 million ($4.4 billion), despite a 5.6% decrease in July 2025, which amounted to $721.4 million.
The data showed an in...
Global Electric Vehicle Sales Slow Due to Weak Demand in China
SadaNews - Market research company RoMotion stated on Wednesday that global electric vehicle sales grew by 21% year-on-year in July 2025, the slowest growth rate since January, compared to 25% in June, due to a decline in momentum for hybrid vehicle sales in China.
The company's data showed that gl...
Oil Prices Stabilize After Data on U.S. Demand Slowdown
SadaNews - Oil prices stabilized on Wednesday after a report revealed an increase in U.S. crude inventories last week, indicating the approach of the end of the seasonal summer demand period.
Brent crude futures rose by 0.14% to $66.21 a barrel, following a 0.8% decline in the previous session. U.S...
Gold Rises Amid Dollar Decline and Anticipation of Trump-Putin Meeting
SadaNews - Gold prices rose slightly on Wednesday, supported by a decline in the dollar following the release of moderate U.S. inflation data that bolstered bets on a rate cut in September, while investors await U.S.-Russia talks this week regarding the war in Ukraine.
Gold increased in spot transa...
US Budget Deficit Rises by 20% Despite Trump’s Record Revenue
SadaNews Economy - The US budget deficit increased by 20% in July during the current fiscal year compared to the previous year, despite the United States achieving record revenue from tariffs imposed by President Donald Trump, according to data released by the Treasury Department on Tuesday.
The da...
Trump Threatens Jordan's Economy: Tariffs Undermine a Quarter of the Kingdom's Exports
Sada News Economy: U.S. President Donald Trump announced the imposition of tariffs on U.S. imports from Jordan of about 15%, threatening more than 25% of Jordan's exports to the world, at a time when Amman is suffering economically due to increasing political tensions in the region and rising debts....
Costing $175 billion.. Washington reveals details of the Iron Dome system and its capabili...
SadaNews - The U.S. government has revealed details of the missile defense system known as the "Iron Dome", stating that it will consist of 4 layers - one in space and 3 on the ground - as well as 11 short-range batteries distributed throughout the continental United States, Alaska, and Hawaii.
Acc...
Egypt Enhances Gas Imports Through Maritime Facilities in Jordan
SadaNews - Egypt began receiving 300 million cubic feet of natural gas daily from the floating storage and regasification unit "Energeos Force," docked at the port of Aqaba in Jordan, according to a government official.
The official added that the ship arrived at the port of Aqaba last week loaded...
Gold Prices Stabilize Awaiting Clarification on Trump's Policy Regarding Bullion Tariffs
SadaNews - Gold prices maintained their losses after U.S. President Donald Trump stated that imports of the precious metal would not be subject to tariffs, although traders are still awaiting an official clarification regarding this policy, following a federal ruling last week that caused chaos and...
Oil Rises as Washington and Beijing Extend Tariff Truce
SadaNews - Oil prices rose today, Tuesday, following the decision by the United States and China to extend their mutual tariff truce, which alleviated concerns about weak fuel demand in the world's two largest crude oil consumers.
Brent crude futures increased by 0.3% to reach $66.89 per barrel, wh...
Trump Extends Deadline for Imposing Tariffs on China by 90 Days
SadaNews Economy - U.S. President Donald Trump on Monday extended the deadline for imposing high tariffs on Chinese goods for another 90 days, according to a report by CNBC citing a White House official.
These tariffs were set to resume on Tuesday. However, Trump signed an executive order hours bef...
The Federal Structure Under Scrutiny with Trump’s Moves and Changing Power Dynamics
SadaNews - Regardless of what happens at the Federal Reserve's meeting in September, it will seem pale in comparison to a comprehensive reconsideration of the structure of the U.S. central bank, a possibility raised by Donald Trump's nomination of Stephen Miran to temporarily fill the vacant seat on...