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Sada Elbalad
Primary focus: World
A recent report by global asset manager Schroders indicates that the gold market reverted to its traditional East-West dynamic in June, with Asian central banks and investors continuing to accumulate gold while many Western investors reduced their holdings amid expectations of prolonged restrictive monetary policy by the U.S. Federal Reserve.
Mehdi Oghbai, a member of the National Council of Resistance of Iran, said the execution of 25-year-old university student Mehdi Khanki was another political crime by the clerical regime, intended to intimidate young Iranians and prevent a renewed popular uprising.
Economist Dr. Fidaa Mansour Al-Jawhari said the silver market is undergoing a profound structural transformation, driven by the rapid expansion of artificial intelligence (AI) and fifth-generation (5G) communications technologies, which have become major engines of industrial demand. As a result, silver has evolved beyond its traditional role in jewelry and investment into a strategic metal underpinning the global digital economy.
Trump Approves 30-Year US-Saudi Nuclear Agreement
U.S. President Donald Trump said imported generic drugs will remain exempt from tariffs for two years before facing steep duties beginning Aug. 1, 2028, as part of a plan to encourage domestic pharmaceutical manufacturing.
Russia’s central bank has entered a new phase in its gold reserve strategy in 2026, shifting from one of the world’s largest sovereign gold buyers to a net seller as mounting fiscal pressures force the government to tap strategic assets for liquidity.
Egypt's Cabinet on Wednesday approved a package of decisions, including a three-month extension, through Oct. 12, 2026, for applications from tenants seeking alternative housing under the country's new rent law. It also approved the establishment of a mixed-use investment zone at the Al Burouj development east of Cairo, with investments estimated at 7.6 billion Egyptian pounds and about 15,000 expected jobs.
France's Le Figaro newspaper ranked Egypt's match against Argentina among the five best games of the 2026 FIFA World Cup, saying Egypt came within minutes of eliminating the defending champions in one of the tournament's biggest potential upsets.
U.S. President Donald Trump said he has directed his administration to allow all U.S. airlines to operate direct flights to Lebanon following his meeting with Lebanese President Joseph Aoun.
The Arab League's General Secretariat strongly condemned calls by Israeli settler organizations for large-scale incursions into the Al-Aqsa Mosque
