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Artificial Intelligence Causes Amazon to Lay Off 16,000 Employees
SadaNews - Amazon has announced its intention to terminate the services of around 16,000 employees working in administrative offices, intensifying its efforts to simplify bureaucracy amid rising competition in the field of artificial intelligence.
Beth Galetti, Amazon's Senior Vice President for Em...
Palestine Stock Exchange: 15 Companies Traded Today with Low Trading Levels
SadaNews - The Palestine Stock Exchange announced that today’s session saw trades amounting to $173,201, while the total volume of shares traded reached 91,320 shares. The market today experienced 56 transactions, with 30% of the liquidity concentrated in trades for Palestine Development and Investm...
Palestinian Contractors Union Issues a Set of Decisions to Regulate the Work of Member Con...
SadaNews - The Palestinian Contractors Union has issued a set of decisions to regulate the work of member contracting companies in light of the "unjust" practices that have begun to be imposed on these companies in many contracts. The union stated in a statement today, "In light of th...
Riyadh Yes... Tel Aviv No: A Surprising Decision from Dutch Airline KLM
SadaNews - The Dutch airline KLM announced the suspension of its flights to Tel Aviv, just 24 hours after announcing the resumption of its air route between Israel and Amsterdam, in a move described as surprising, according to SadaNews Economy's translation of a report published in the Globes econom...
Nearly 70,000 Israelis Left the Country in 2024... How Many Returned?
SadaNews - According to data issued by the Israeli Central Bureau of Statistics, approximately 70,000 Israelis left "Israel" during the year 2024, while only about 18,800 Israelis returned from abroad, indicating a net negative migration estimated at around 18,600 people, according to a Hebrew repor...
Bank of Israel Governor to Government: The Strength of the Shekel is Your Responsibility.....
SadaNews Economics - The Governor of the Bank of Israel, Professor Amir Yaron, confirmed during a session of the Knesset Finance Committee today (Wednesday) that the Israeli government bears full responsibility for addressing the repercussions of the shekel's rising value on exporters. He clarified...
Generation "Z" Leads Economic Transformation in the Arab World
SadaNews - After fifteen years since the onset of the "Arab Spring" revolutions in 2010 and 2011, a new generation in the Middle East and North Africa emerges with renewed ambitions and expectations. Generation "Z", the most educated, digitally connected, and globally engaged compared to any previou...
Trump's Threats to Iran Bring Oil Close to Four-Month High
SadaNews - Oil prices stabilized near their highest level in four months, as traders monitored the renewed threats from U.S. President Donald Trump against Iran, while the weakness of the dollar enhanced the allure of commodities priced in the U.S. currency.
Brent crude traded close to $68 a barrel...
Gold ounce exceeds $5200.. Silver records near $114 an ounce
SadaNews - Gold recorded a new record level exceeding $5200 per ounce, continuing a rapid upward trend fueled by losses in the US dollar, and investors fleeing from sovereign bonds and currencies.
The precious metal rose by up to 1.3% on Wednesday, after jumping 3.4% in the previous session, markin...
Currency Exchange Rates Against the Shekel on Wednesday (January 28)
SadaNews - The currency exchange rates against the shekel on Wednesday (January 28) are as follows:
Gold Surpasses $5200 Level for the First Time with Dollar Decline
SadaNews Economy - Gold surpassed the $5200 mark today, Wednesday, for the first time in its history, after it jumped by more than 3% in yesterday's session, supported by a decline in the U.S. currency to its lowest levels in nearly four years, amid ongoing geopolitical concerns and ahead of the...
Hebrew Economic Newspapers Reveal Reasons for Dollar Weakness Against Shekel Strength Rise
Translation of SadaNews Economics - Hebrew media reports indicated on Tuesday evening that the Israeli shekel continues to rise against the dollar, which has fallen to its lowest level in four years on the local market.
According to the Hebrew economic newspaper Calcalist, as translated by SadaNews...