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Major Arms Deal South Korea Aims for with UAE Worth $15 Billion
SadaNews - South Korea is working to enhance its relationships with buyers in the Middle East as part of its efforts to secure potential arms contracts worth up to $15 billion in the UAE, benefiting from its successes in Europe to establish its reputation as a reliable arms supplier.
South Korean P...
Oil Prices Decline Amid Concerns of Oversupply
SadaNews - Oil prices fell on Wednesday after a report from the sector showed an increase in crude and fuel inventories in the United States, the world's largest oil consumer, which heightened growing concerns that supply exceeds demand in the market.
Brent crude futures dropped by 0.2% to $64.76 a...
Palestinian Government: 4 Essential Pathways for Developing the National Economy and Busin...
SadaNews - The Palestinian government, through the national development and reform program, is working on a wide range of administrative, institutional, and legislative development and reform processes to support and develop economic activities in various sectors including commerce and business, und...
Palestine Records $2.348 Billion in Foreign Direct Investment by the End of 2024
SadaNews Economy - The Palestinian Central Bureau of Statistics and the Palestinian Monetary Authority issued preliminary results of the foreign investment survey for institutions based in Palestine as of the end of 2024, as part of the periodic publication of the foreign investment survey for insti...
Gold Rises Amid Anticipation of Fed Minutes and US Jobs Report
SadaNews Economy - Gold prices shifted to rise on Wednesday as investors awaited the minutes of the Federal Reserve's last meeting and the US jobs report, which may provide additional indicators regarding the future path of interest rates.
Gold rose in spot transactions by 0.6% to $4094.67 per ounc...
Currency Exchange Rates Against the Shekel on Wednesday (November 19)
SadaNews: The currency exchange rates against the shekel today, Wednesday (November 19), are as follows:
أرباح قياسية تحققها البنوك الإسرائيلي خلال الربع الثالث من العام الجاري
China Begins Promoting Sovereign Bonds to Raise Approximately 4 Billion Euros
SadaNews - China has started promoting euro-denominated sovereign bonds to raise up to 4 billion euros ($4.6 billion), according to a person familiar with the matter, just days after a strong demand for dollar-denominated bonds was introduced.
The Ministry of Finance is looking to price the four-ye...
The Monetary Authority Participates in the Financial Inclusion Leaders Summit 2025 in Abu...
SadaNews - The Monetary Authority participated in the Financial Inclusion Leaders Summit in the Middle East and North Africa 2025, organized by the Arab Monetary Fund in collaboration with the Central Bank of the United Arab Emirates, under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy...
China Boosts Its Reserves with 15 Tons of Gold in September
SadaNews - China added an estimated 15 tons of gold to its foreign exchange reserves in September, as central bank purchases of the precious metal accelerated following a seasonal lull during the summer, according to Goldman Sachs.
Analysts, including Lena Thomas, estimated that total central bank...
Stability of Oil Prices Amid Geopolitical Risks
SadaNews - Oil prices stabilized as investors assess the impact of a potential supply surplus against U.S. sanctions on Russia that have disrupted some crude flows.
Brent crude traded near $64 a barrel after a slight loss in the previous session, while West Texas Intermediate crude was below $60....
Gold Records Near $4,015 Amid Awaiting American Data Due to Government Shutdown
SadaNews - Gold prices recorded close to $4,015 an ounce on Tuesday, following three days of losses driven by fading expectations of an interest rate cut in the United States next month. While investors and policymakers await a slew of delayed data after the longest government shutdown in U.S. histo...