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Saudi Arabia's Inflation Rate Drops to Lowest Level in 5 Months in July
SadaNews - The annual inflation rate in Saudi Arabia slowed to its lowest level in five months, recording 2.1% in July compared to 2.3% in June, according to data released by the General Authority for Statistics on Thursday.
This was driven by a decrease in the pace of price increases in the "housi...
African Free Trade Agreement: A Stumbling Start and Slow Expansion
SadaNews - Although African countries officially began to liberate trade between them since 2012, reaching a formal agreement on this matter was only realized at the beginning of 2019. This was followed by the lengthy process of involving the relevant countries, which has recently been partially com...
For the third day.. Gold prices rise to $3,370 per ounce
SadaNews - Gold prices have risen for the third consecutive day, with increasing bets on the Federal Reserve cutting interest rates, after Treasury Secretary Scott Pisent urged the U.S. central bank to lower borrowing costs.
The precious metal traded near $3,370 per ounce after Treasury yields fell...
Oil Prices Drop to Two-Month Lows Amid Concerns of Oversupply
SadaNews - Oil prices have remained near their lowest level in two months, after the International Energy Agency stated that the market is heading toward a record oversupply next year.
Brent crude was trading around $66 a barrel, after closing on Wednesday at its lowest level since June 5, while We...
Currency Exchange Rates Against the Shekel on Thursday (August 14)
SadaNews - The currency exchange rates against the shekel today, Thursday (August 14), are as follows:
The Marker: Accelerating Decline in the Israeli Market Amid Government Denial
SadaNews - The Israeli newspaper The Marker stated that the Israeli stock exchange lost about 7% of its value in just two weeks, while Finance Minister Bezalel Smotrich continued to present a "misleading" rosy picture of the economic performance, ignoring the deterioration of key indicators and the...
Arkan Real Estate's Results for the First Half of 2025
SadaNews - Arkan Real Estate has disclosed its financial results and consolidated financial statements for the first half of 2025, reporting a profit attributable to the company's shareholders of $15.1 million compared to $9.2 million for the same period in 2024, marking an increase of 64%.
The ris...
Jordan: $4.4 Billion Tourism Income During the First Seven Months of 2025
SadaNews - Preliminary data released by the Central Bank of Jordan on Wednesday indicated an 8.6% increase in tourism income during the first seven months of 2025, reaching $4,398.1 million ($4.4 billion), despite a 5.6% decrease in July 2025, which amounted to $721.4 million.
The data showed an in...
The Coordination Framework for the Agricultural Sector Discusses Challenges and Plans for...
SadaNews - The Coordination Framework for the Agricultural Sector in Palestine held a meeting today for its general assembly at its headquarters in the Union of Agricultural Chambers in Ramallah, attended by representatives from 15 organizations representing the private and civil agricultural sector...
Signing of a "Code of Conduct" Agreement Between the Palestinian Islamic Bank and the Unio...
SadaNews: The Palestinian Islamic Bank and the Union of Workers in Banks, Financial Institutions, and Insurance - a member of the General Union of Palestinian Trade Unions - signed a Code of Conduct agreement to enhance a safe and positive work environment.
The agreement was signed by the General M...
Jerusalem Electricity: We Are Pressing All Possible Means to Avoid Potential Power Outages...
SadaNews: The Jerusalem Electricity Company stated in a special statement to "Sada News" that the areas of Jericho and the Jordan Valley may experience power outages today, Wednesday, between six and nine in the evening, due to the inability of the Jordanian side to supply the company with the neces...
Global Electric Vehicle Sales Slow Due to Weak Demand in China
SadaNews - Market research company RoMotion stated on Wednesday that global electric vehicle sales grew by 21% year-on-year in July 2025, the slowest growth rate since January, compared to 25% in June, due to a decline in momentum for hybrid vehicle sales in China.
The company's data showed that gl...