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Jordan's Central Bank Decides to Keep Interest Rates Steady
SadaNews Economy - The Open Market Operations Committee of the Central Bank of Jordan, in its fourth meeting of 2026, has decided to maintain the "central bank's key interest rate" at its current level of 5.75%, keeping other monetary policy interest rates unchanged.
This decision comes in light of...
Strong Economic Recovery Expected in the Middle East and North Africa as War Comes to an E...
SadaNews - "BMI" under "Fitch Solutions" expects the Middle East and North Africa region to experience a strong economic recovery in 2027 after a rare contraction this year due to the repercussions of the US-Iranian war and disruptions in navigation and energy in the region.
The...
Oil Continues to Flow Through Hormuz as Tankers Cross Stealthily
SadaNews - Oil tankers transiting the Strait of Hormuz, with their signals turned off, are helping to maintain oil flows this month at stronger levels than earlier in the Middle East conflict, as shipping companies await the signing of a peace agreement between the United States and Iran this week....
Gold prices rise supported by the signing of a temporary peace agreement between the US an...
SadaNews - The price of gold rose, supported by the signing of a temporary peace agreement between the United States and Iran, despite the Federal Reserve indicating a rate hike later this year.
Gold traded near $4,315 per ounce after dropping 1.7% in the previous session.
US and Iranian officials...
In Line with Expectations.. The "Federal Reserve" Keeps Interest Rates Steady for the Four...
SadaNews - The U.S. Federal Reserve has maintained interest rates at the same level, aligning with market expectations, amidst anticipation of the implications of the U.S.-Iran agreement to halt the war on inflation and growth in the United States.
In an early test of his leadership amid inflationa...
10,000 Inactive Wells and High Costs.. Why the Oil Market Won't Return to Pre-Iran War Lev...
SadaNews - Oil prices dropped immediately after the announcement of a framework to end the Iran war, but the rapid decline on trading screens does not signal a return to the market conditions that existed before the war. Estimates from oil companies, traders, and analysts indicate that restoring flo...
Gasoline gallon at 30,000 pounds.. Fuel crisis strangles the Sudanese capital
SadaNews - The Sudanese capital, Khartoum, along with its three cities, Khartoum, Omdurman, and Khartoum North, as well as several states, has faced a fuel crisis that has persisted over the past weeks, affecting transportation, economic activities, and the daily lives of citizens.
During the peak...
Qatar Returns Gas Carriers to the Middle East in Preparation for Reopening the Strait of H...
SadaNews - Qatar begins to return some of its liquefied natural gas carriers to the Middle East, as it prepares, as one of the world's largest LNG suppliers, to increase its exports with the reopening of the Strait of Hormuz following an agreement between the United States and Iran.
Tracking data h...
Oil Prices Near Lowest Level in Three Months Amid Expectations of Increased Supply
SadaNews - Oil prices stabilized near their lowest level in three months, amid expectations that a U.S.-Iran agreement to reopen the Strait of Hormuz will lead to a significant increase in supply.
Brent crude is trading below $80 a barrel, after a 15% drop over four days, marking the longest losing...
Gold prices approach $4,324 per ounce
SadaNews - Precious metal markets have experienced severe fluctuations during the American-Israeli war on Iran.
Today, Wednesday, the price of gold was recorded close to $4,324 per ounce, while silver prices approached the $70 per ounce mark.
Experts and analysts link these ongoing fluctuations to...
Housing Leads Construction Recovery in Saudi Arabia Despite Cost Pressures
SadaNews - The Saudi construction sector returned to a growth trajectory in May, supported by a strong revival in residential construction activity and renewed growth in new orders, indicating a recovery of one of the most critical sectors tied to the kingdom's economic diversification agenda af...
The Return of the Strait of Hormuz Drives Wall Street Giants to Lower Oil Price Prediction...
SadaNews - Major banks on Wall Street have lowered their oil price forecasts for the upcoming quarters, amid growing optimism for the return of crude supplies from the Middle East following the temporary agreement to reopen the Strait of Hormuz.
"Morgan Stanley" and "Goldman Sachs" revised their es...