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In June, the South Korean Central Bank Records Highest Current Account Surplus
SadaNews - Data from the South Korean Central Bank, released this Thursday, showed that the highest current account surplus was recorded in June, attributed to a rise in exports.
The South Korean news agency "Yonhap" reported that the Central Bank's data revealed the current account surplus reached...
Ignoring Trump's Statements, Gold Prices Stabilize at $3,370 an Ounce
SadaNews - Gold prices stabilized after moderate losses, as traders ignored the uncertainty triggered by the latest trade moves of U.S. President Donald Trump, including his threat to impose a 100% tariff on semiconductor imports.
Gold settled at around $3,370 an ounce after declining by 0.3% in th...
Rise in Oil Prices.. and Washington Doubles Tariffs on India Over Russian Oil Purchases
SadaNews - Oil prices have risen slightly after a five-day decline, the longest since May, as investors monitor U.S. efforts to punish buyers of Russian crude and the diplomatic moves led by U.S. President Donald Trump to end the Ukraine war.
Brent crude climbed above $67 a barrel, recovering a sma...
Trump Punishes India with 25% Additional Tariff Due to Russian Oil Purchases
SadaNews - The White House announced that U.S. President Donald Trump signed an executive order imposing an additional 25% tariff on Indian goods, in a surprising move that reflects a escalation in trade tensions between the two countries.
The White House pointed out that the new tariffs come in re...
Syria Reveals Investment Projects Worth 14 Billion Dollars
SadaNews - Syria has announced one of its largest investment plans in decades, revealing projects exceeding 14 billion dollars in vital sectors including transport and urban development, indicating a clear signal of the start of a new phase of reconstruction after more than a decade of war.
The ann...
To Evaluate Gas Reserves in the Mediterranean.. Egypt Launches an International Tender for...
SadaNews - Egypt has launched an international tender for companies specialized in seismic surveying to conduct a survey covering 100,000 square kilometers in the eastern Mediterranean using advanced technologies, primarily to assess gas reserves in the region aiming to enhance discoveries, accordin...
Lucid Lowers 2025 Production Forecast Due to "Challenging Economic Conditions"
SadaNews - Lucid Group has lowered its forecast for electric vehicle production for the entire year, becoming the latest automaker to scale back its ambitions for 2025.
The company announced in its second-quarter earnings statement on Tuesday that it now expects to produce between 18,000 and 20,000...
After a Wave of Losses Lasting 4 Days.. Oil Prices Stabilize
SadaNews - Oil prices stabilized after a wave of losses that lasted four days, as investors ignored U.S. President Donald Trump's threat to impose secondary tariffs on buyers of Russian energy, while American data indicated a slowdown in the largest economy in the world.
Brent crude traded below $6...
Gold Records Longest Winning Streak Since February
SadaNews - Gold prices maintained their longest winning streak since February, supported by increasing concerns over a slowdown in the U.S. economy, which boosted demand for safe-haven assets, along with traders' bets on interest rate cuts.
The price of the precious metal stabilized in early Asian...
Norway Plans to Review its Sovereign Fund Investments in Israel
SadaNews Economy - The Norwegian government announced on Tuesday that it has ordered a review of its sovereign wealth fund portfolio to ensure the divestment from Israeli companies contributing to the entrenchment of the occupation of the West Bank or the war in Gaza.
This review comes after a repo...
Jordan's Central Bank Regulates the Use of Artificial Intelligence in the Banking Sector
SadaNews - The Central Bank of Jordan announced the release of a regulatory framework for the use of artificial intelligence in the Jordanian banking sector, in a strategic move aimed at supporting innovation and ensuring the safe and responsible use of modern technologies, thereby enhancing the cou...
Predictions of ChatGPT Users Increasing to 700 Million Weekly
SadaNews Economy - It is expected that the number of weekly active users of ChatGPT from OpenAI will reach 700 million this week, up from 500 million in March, marking a more than fourfold year-on-year growth, according to the company.
This figure includes all ChatGPT AI products - free, Plus Pro,...