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Gold Declines Again as Markets Assess Conflicting Statements on War
SadaNews - Gold has declined as investors evaluate conflicting statements regarding the war in the Middle East, as the postponement of U.S. strikes on Iran's energy infrastructure has provided only a brief respite from the steep decline experienced by the precious metal during the conflict.
The pre...
Exchange Rates of Currencies Against the Shekel on Tuesday (March 24)
SadaNews - The exchange rates of currencies against the shekel today, Tuesday (March 24), are as follows:
Israel Bank Publishes Exceptional Data Showing Economic Damage to Israelis Due to War
Translation of SadaNews Economics - Annual data from the Bank of Israel has revealed the extent of damage inflicted on the living standards of Israelis two and a half years after the war that broke out following the attack on October 7, 2023.
According to the data, as reported by the Hebrew website...
Vault22 plans to launch an Islamic financing platform in the UAE
SadaNews - Vault22, a fintech company supported by the innovation unit of Standard Chartered, intends to enter the Islamic finance market by offering Sharia-compliant services in the areas of personal finance and wealth management in the United Arab Emirates.
The company will launch a new platform...
Slight Decline in Oil Prices Amid Rising Tensions and Anticipation of Iranian Supply Retur...
SadaNews Economy - Oil prices fell slightly today, Monday, as investors balanced between U.S. and Iranian threats to target energy facilities, which could escalate the conflict further, and the release of millions of barrels of sea-borne Iranian oil to global markets after Washington temporarily lif...
International Energy Agency: The War Costs the World 11 Million Barrels of Oil Per Day
SadaNews Economy - The Executive Director of the International Energy Agency, Fatih Birol, stated today, Monday, that the agency is conducting intensive consultations with governments in Asia and Europe to discuss the possibility of drawing additional amounts from strategic oil reserves, in order to...
Currency Exchange Rates Against the Shekel on Monday (March 23)
SadaNews - The currency exchange rates against the Shekel today, Monday (March 23), are as follows:
Gold Falls by More Than 2% Amid Rising Inflation Concerns Due to Tensions in the Middle Ea...
SadaNews Economy: Gold prices fell by more than 2% on Monday, continuing their decline to the lowest levels in nearly four months, amid escalating tensions in the Middle East and the concerns it raised about inflation and expectations of rising interest rates globally.
Gold dropped in spot transact...
ESCWA: The War Threatens the Arab Region with a Loss of $150 Billion
SadaNews Economy - The United Nations Economic and Social Commission for Western Asia (ESCWA) has sounded a loud alarm, revealing a staggering economic bill that is escalating at an unprecedented rate in the Arab region.
In just two weeks, about $63 billion evaporated from the region's GDP (1.6%),...
One Million Dollars Per Minute: Iran's War Entraps America in Costs and Division
Economy SadaNews - As a fundamental change in the announced strategic objectives of the Iran war looms on the horizon, urgent questions arise about the duration of this confrontation and the opportunity cost being borne by the American citizen from his pocket and the future of his service programs,...
The Global Economy Under Pressure from War with Expectations of Declining Business Indicat...
SadaNews - Business surveys from the United States to the Eurozone are expected to be released in the first comprehensive check of the global economy's health since the outbreak of war in the Middle East.
All Purchasing Managers' Index (PMI) indicators compiled by "Bloomberg" are expected to show a...