Economic News
Back to Homepage
Trump Warns Iran 48 Hours to Open the Strait of Hormuz and Threatens to Target Infrastruct...
SadaNews - US President Donald Trump escalated his threats against Iran, announcing a 48-hour deadline for it to reopen the Strait of Hormuz to international navigation, warning of direct targeting of energy infrastructure in case of non-compliance.
In a post on the "Truth Social" platform, Trump u...
SoftBank Invests $33 Billion to Build the Largest Power Plant in America
SadaNews Economy - The Japanese company "SoftBank" announced on Saturday its plans to build a massive natural gas power plant in Ohio, USA, to provide energy for artificial intelligence data centers.
"SoftBank," an investor in the technology sector, is a major supporter of "OpenAI," the developer o...
Indian and Asian Refineries Prepare to Resume Purchases of Iranian Oil with US Green Light
SadaNews Economy - Traders said on Saturday that Indian refineries are planning to resume purchasing Iranian oil, while refineries in other Asian countries are considering this step after Washington temporarily lifted sanctions to alleviate the energy crisis caused by the US-Israeli war on Iran.
Th...
Currency Exchange Rates Against the Shekel (March 21)
SadaNews Economy - The currency exchange rates against the shekel today, Saturday (March 21), are as follows:
-Dollar: 3.13
-Dinar: 4.41
-Euro: 3.62
Oil Prices Decline, American Crude Heads for First Losses in 5 Weeks
SadaNews: Oil prices fell during trading on Friday after major European countries and Japan offered to unify efforts to ensure safe passage for ships through the Strait of Hormuz, alongside the U.S. announcing steps to support supplies.
According to trading data reported by CNBC, Brent crude future...
Wafa Concludes Its Relief Programs in Ramadan This Year
SadaNews - The Wafa Foundation for Development and Capacity Building announced the conclusion of its relief programs for the blessed month of Ramadan, which came in response to the increasing humanitarian needs in both the Gaza Strip and the villages and camps of the West Bank, with generous support...
Gold Rises but Heads for Third Weekly Loss in a Row
SadaNews Economy - Gold prices rose during trading on Friday, March 20, but are heading for a third consecutive weekly loss, amid a strong dollar and the Federal Reserve's inclination towards tightening monetary policy.
In trading terms, gold futures increased by about 2.4% to $4714.2 per ounce, wh...
Exchange Rates of Currencies Against the Shekel on Friday (March 20)
SadaNews - Exchange rates of currencies against the shekel today, Friday (March 20):
-Dollar: 3.10
-Dinar: 4.37
-Euro: 3.58
UAE Denies Imposing Restrictions on Capital Movement
SadaNews - The UAE's Ministry of Economy and Tourism denied on Thursday the validity of rumors circulating on some platforms regarding the imposition of restrictions by the UAE on capital movement or preventing foreign investors from transferring or managing their funds, in accordance with the appli...
The Open Market Operations Committee Decides to Maintain the Main Interest Rate of the Cen...
SadaNews - The Open Market Operations Committee at the Central Bank of Jordan held its second meeting for the year 2026, where it decided to keep the "main interest rate of the bank" at its current level of 5.75%, and to maintain interest rates on other monetary policy tools unchanged.
This decisio...
Saudi Arabia Secures Half of Its Oil Exports via Alternative Route to the Strait of Hormuz
SadaNews - Saudi Arabia has already increased its oil exports to more than half of its usual levels, despite the disruptions caused by the war with Iran, indicating early success for the kingdom's ambitious emergency plan to bypass the Strait of Hormuz.
As the Strait of Hormuz approaches total clos...
Smotrich Announces Agreement with Banks to Transfer 3 Billion Shekels to the State Treasur...
SadaNews Economy Translation - Israeli Finance Minister Bezalel Smotrich announced a new step regarding taxation on banks, confirming that his ministry reached a preliminary agreement with the banks to transfer about 3 billion shekels to the state treasury this year.
Smotrich told Israelis, as tr...