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Oil Hovers Near Highest Level in Two Weeks
SadaNews Economy - Oil prices rose near their highest levels in two weeks on Monday, as investors expect the U.S. Federal Reserve to cut interest rates this week, which could support economic growth and boost energy demand, while also monitoring the geopolitical risks threatening supplies from Russi...
Despite the trade truce.. China's exports to the US decline by 29% in November
Economy SadaNews - Chinese exports to the United States have declined for the eighth consecutive month, despite the recent trade agreement between the world's two largest economies, during a time when China's total exports exceeded market expectations in November as factories intensified shipments t...
Gold Rises Supported by Expectations of US Interest Rate Cuts and Dollar Decline
SadaNews - Gold prices rose during trading on Monday, benefiting from growing expectations that the US Federal Reserve will cut interest rates this week, which has led to increased pressure on the dollar.
Gold increased in spot transactions by 0.4% to record $4215.38 per ounce.
In contrast, Decemb...
$80 Billion Expected Economic Impact of the 2026 World Cup
SadaNews - The expected economic impact of the 2026 World Cup in the United States, Canada, and Mexico is projected to reach $80.1 billion, according to a study released by FIFA and the World Trade Organization, highlighting the social and economic effects of the tournament scheduled to take place f...
Powell Moves Towards Rate Cut Despite Federal Reserve Division
SadaNews Economy - Federal Reserve Chairman Jerome Powell is expected to advocate for a new quarter-point interest rate cut this week, despite growing concerns among several policymakers about inflation remaining at elevated levels.
The Federal Reserve lowered interest rates for the second consecut...
Volkswagen intends to invest $186 billion by 2030
SadaNews Economy - The CEO of the Volkswagen Group, Oliver Blume, announced that the group plans to invest 160 billion euros ($186 billion) by 2030, a move that reflects the austerity policy adopted by the largest car manufacturer in Europe, amid a severe crisis it is facing in its two main markets,...
Central Bank of Syria: The Economy is Recovering Faster than World Bank Expectations
SadaNews - In an ambitious message aimed at reintegrating Syria into the global economy after the 14-year war, the Governor of the Central Bank of Syria, Abdul Qader Al-Hosari, confirmed that his country's economy is growing at a rate that far exceeds the World Bank's estimate of 1% for 2025, thanks...
Learn About the Largest 10 Arab and Global Banks
SadaNews - Banks play a pivotal role in the global economy as the main intermediaries in gathering savings, financing projects, facilitating trade, and managing risks. On World Bank Day, which is celebrated on December 4 every year, and amidst economic challenges, inflation, and market disruptions,...
Stability of Gold Prices and Global Oil Increase
SadaNews Economy - Gold prices stabilized today, Friday, in the spot markets at (4208.46) dollars per ounce, heading for a weekly decline of (0.5%), while U.S. gold futures for December delivery fell by (0.1%) to (4237.70) dollars per ounce.
As for other precious metals, silver rose by (0.5%) to (5...
Slight Decline in Gold Prices Amid Anticipation of Economic Data Release
SadaNews: Gold prices slightly declined during trading on Thursday, December 4th, following the release of employment data in the United States that bolstered expectations that the Federal Reserve will lower interest rates next week, while silver reached a new record high.
The current price of gold...
EU Sets End of 2027 for Ban on Russian Gas Imports
SadaNews Economy - The member states of the European Union aim to end all imports of Russian gas by the end of 2027, according to an agreement reached by the governments of the member states and the European Parliament in Brussels.
Under the plan, for short-term contracts concluded before June 17,...
Trump Hints at Nomination of Economic Advisor to Head the Federal Reserve
SadaNews - U.S. President Donald Trump hinted that he wants to nominate his chief economic advisor, Kevin Hassett, to replace the outgoing Chairman of the Federal Reserve, Jerome Powell, next year.
Trump said during an event at the White House that was attended by Hassett, "It's a great group, and...