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Netanyahu Sparks Economic Storm with Call to Transform Israel into Sparta
SadaNews - Israeli Prime Minister Benjamin Netanyahu's statement, made a few days ago, that Israel "will have to adapt to an autarkic economy due to its diplomatic isolation, and become a great Sparta," has sparked widespread controversy and sharp division among economists. Experts described it as a...
Opening of a New Branch of the Traffic Department and a Dynamometer Testing Center in Rawa...
SadaNews Economy - In a significant step aimed at enhancing the government service infrastructure and facilitating citizens' lives, a branch of the Traffic Department and the "Rawabi Dynamometer" technical inspection center for vehicles was opened in Rawabi City, in the presence of the Minister of L...
The Governor of the Monetary Authority Participates in the Annual Meetings of the Council...
SadaNews - The esteemed Governor of the Palestinian Monetary Authority / Governor of the State of Palestine at the Arab Monetary Fund, Mr. Yahya Shanar, participated in the 49th annual meeting of the Council of Governors of Arab Central Banks and Monetary Authorities, which was held in the Republic...
Jordan's Central Bank Reduces Interest Rates by 25 Basis Points
SadaNews Economy - The Central Bank of Jordan, in its sixth meeting of this year, has decided to lower the main interest rates and other monetary policy instrument rates by 25 basis points, effective next Sunday.
This decision comes based on the committee's assessment of the economic, monetary, and...
Oil Prices Decline Amid Demand Concerns
SadaNews- Oil prices fell during trading on Thursday, September 18, following the U.S. Federal Reserve's decision to implement its first interest rate cut of the year, amid concerns regarding crude demand levels.
In trading terms, Brent crude futures dropped about 0.3% to $67.76 per barrel, while U...
Gold Falls as Dollar Rises Following U.S. Rate Cut
SadaNews Economy - Gold prices declined from their all-time high during trading on Thursday, September 18, as investors absorbed remarks from U.S. Federal Reserve Chair Jerome Powell in his speech following the bank's decision to cut interest rates by 25 basis points.
The Federal Reserve revealed t...
Currency Exchange Rates Against the Shekel on Thursday (September 18)
SadaNews - The currency exchange rates against the shekel today, Thursday (September 18), are as follows:
Gulf Banks Lower Interest Rates Following Federal Reserve Decision
SadaNews - Several Gulf central banks announced on Wednesday the reduction of interest rates following a similar decision by the U.S. Federal Reserve.
The Saudi Central Bank (SAMA) decided to cut the repo rate by 25 basis points to 4.75%, and to lower the reverse repo rate by 25 basis points to 4.2...
In Line With Expectations.. The Federal Reserve Cuts Interest Rates by 25 Basis Points for...
SadaNews - The Federal Reserve has cut interest rates by 25 basis points in support of the U.S. labor market after cracks started to appear, abandoning the wait-and-see policy it had followed since the end of last year.
The Federal Open Market Committee voted on Wednesday to reduce the benchmark in...
To Alleviate the Financial Burden on Students' Families.. Bank of Palestine Provides Schoo...
SadaNews - The Bank of Palestine, in collaboration with several partners, has distributed over 6,500 complete school bags along with stationery to students in schools across all governorates, aiming to alleviate the financial burden on parents as the new academic year begins.
The campaign targete...
The European Union Announces Suspension of Some Clauses of the Partnership Agreement with...
SadaNews Translation - Following the announcement by European Commission President Ursula von der Leyen in the State of the Union address, the European Commission today presented its proposal to the Council of the European Union to suspend certain trade-related clauses in the Partnership Agreement b...
Economy: Practical Measures to Combat Local Market Flooding and Enhance Competitiveness
SadaNews Economy - The Ministry of National Economy announced today, Wednesday, that a set of executive measures to combat the flooding of the local market with low-value and low-specification products, approved by the Cabinet, has come into effect.
The Ministry confirmed that policies and procedur...