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Washington Moves to Simplify Steel and Aluminum Tariffs After Pressure from...
Read MorePartnership Between "Masdar" and "TotalEnergies" Worth $2.2 Billion to Expa...
Read MoreIran's War Erodes 72% of Iraq's Oil Revenues
Read MoreGold Falls After Trump's Speech Amid Uncertainty Over the End of the War
Read MoreOil and Dollar Rise Following Trump's Threats of Severe Strikes Against Ira...
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Rising Prices and Decreased Purchasing Power: The Economic Crisis Deepens in Asian Countri...
SadaNews - The economic repercussions of the ongoing war in the Middle East continue to impact major Asian markets, evident through rising prices in various sectors and disruptions in energy markets and stock exchanges in several countries.
In this context, the People's Bank of China warned of the...
Washington Moves to Simplify Steel and Aluminum Tariffs After Pressure from Companies
SadaNews - The administration of U.S. President Donald Trump is preparing to announce a tiered tariff system for its extensive tariffs on steel and aluminum products, in an effort to simplify a process that has burdened American companies for months.
The United States will maintain a 50% tariff on...
Partnership Between "Masdar" and "TotalEnergies" Worth $2.2 Billion to Expand Renewable En...
SadaNews - The "Abu Dhabi Future Energy Company" (Masdar) and "TotalEnergies" have signed a binding agreement to establish an equal partnership worth up to $2.2 billion to combine their assets in land-based renewable energy projects across nine Asian countries, reflecting the accelerating competitio...
Iran's War Erodes 72% of Iraq's Oil Revenues
SadaNews - Iraq's oil export revenues dropped by 72% in March due to the repercussions of the US-Israeli war on Iran, which effectively closed the vital Strait of Hormuz, leading to a decline in Iraq's oil exports last month to $1.9 billion, according to Ali Nizar Al-Shatri, General Director of the...
Gold Falls After Trump's Speech Amid Uncertainty Over the End of the War
SadaNews - Gold fell after a highly anticipated speech by U.S. President Donald Trump, which did not provide significant clarity on reaching a resolution to the war in the Middle East.
The precious metal dropped by as much as 2.3%, reversing earlier gains, after Trump stated that the month-long con...
Oil and Dollar Rise Following Trump's Threats of Severe Strikes Against Iran
SadaNews - President Donald Trump's speech regarding the war on Iran immediately impacted oil and precious metal markets.
The world is watching with concern the ongoing war in Iran, which has lasted for over a month, amid the closure of the Strait of Hormuz, through which approximately 20 per...
Israel Warns "Hezbollah Money Changers": Continued Funding Puts You at Risk
SadaNews - Israel warned on Wednesday those it describes as money exchangers working in the service of Hezbollah, stating that it will target them unless they stop their activities funding the group.
The Israeli army issued a warning message stating: "A message to the money exchangers working in th...
Iraq Allows Fuel Export by Land via Syria for the First Time in Decades
SadaNews - Iraq has resorted to exporting fuel by land via Syria for the first time in decades, a step that reflects the level of disruption affecting traditional shipping routes amidst the worsening war with Iran.
Iraq's oil marketing company, "SOMO", has signed contracts to supply...
Moroccan "Managem" Invests $750 Million to Double Gold Production
SadaNews - The Moroccan "Managem" Group, operating in the mining sector in Africa, plans to invest $750 million to increase gold production by 134% from 213,000 ounces last year to half a million ounces by the end of the current decade, according to Imad El Tumi, the company's CEO, in a statement to...
Slight Increase in Oil Prices Despite Trump's Statements on Leaving Iran
SadaNews - Oil prices have risen slightly despite U.S. President Donald Trump's remarks that the Iran war could end within weeks, as the White House continues to send more American troops to the region amid a near-total closure of the Strait of Hormuz.
Brent crude has surpassed the level of $105 a...
Gold Continues to Rise Amid Expectations of an End to the Iran War
SadaNews - Gold has extended its gains for the third consecutive day amid signs that the war with Iran may be nearing its end, as traders shift their focus from interest rate hikes to long-term economic slowdown risks.
The precious metal rose by as much as 1.2%, surpassing $4,700 an ounce, adding t...
Among Oil-producing Countries: A Wave of Rising Fuel Prices Hits the Region... What About...
SadaNews Economy - Energy markets in the Middle East are experiencing an unprecedented wave of rising fuel prices, driven by escalating geopolitical tensions and rising global oil prices, amid warnings of larger jumps if crises continue, particularly with threats related to the closure of the Strait...