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EYM Group Announces Strategic Partnership with Greek Coffeehouse Chain Mikel
SadaNews - The EYM Group, a dynamic investment and development company, has signed a major franchise agreement with the renowned Greek coffeehouse chain Mikel Coffeehouse.
Under this partnership, EYM has acquired the exclusive rights to operate and expand the Mikel brand in key markets in the Middl...
Shekel Loses Value After Cabinet Decision: Dollar at 3.46 Shekels
SadaNews Economic Translation - The Israeli Cabinet approved a plan to occupy the Gaza Strip last night; the value of the American currency against the shekel rose to its highest level since early June amid fears of a long-term security escalation in Gaza.
The Israeli political and security cabinet...
OpenAI Unveils GPT-5, Calling It a "Major Leap in Intelligence"
Economy SadaNews - OpenAI, the developer of ChatGPT, has launched the next generation of its software amid competition among artificial intelligence companies.
The GPT models from OpenAI are the technology behind the famous chatbot "ChatGPT" and the company confirmed that "GPT-5" will be available...
Oil Prices Set to Record Biggest Weekly Loss Since June
SadaNews - Oil prices are on track to record their largest weekly loss since June, as traders assess that U.S. efforts to end the war in Ukraine will not impact supplies, even as Washington imposes sanctions on India for importing crude oil from Moscow.
Brent crude traded near $66 a barrel, down ab...
As Tariffs Take Effect.. What Has Trump’s Trade Dream Achieved in Reality?
SadaNews Economy- "Tariffs are our greatest weapon".. With this statement made by Donald Trump on March 3, 2016, during a debate in Detroit, Michigan, the Republican candidate at the time announced his bold vision for reshaping global trade under strict American leadership, using tariffs as a negoti...
Gold Heads for Second Consecutive Weekly Gains
SadaNews Economy - Gold futures jumped to a new level in early Friday transactions, following a report indicating that the United States has imposed tariffs on gold bullion imports weighing one kilogram.
Gold is poised to record gains for the second consecutive week in spot trading, benefiting from...
Currency Exchange Rates Against the Shekel on Friday (August 8)
SadaNews Economy - The currency exchange rates against the shekel today, Friday (August 8), are as follows:
Dollar: 3.44
Dinar: 4.86
Euro: 3.98
For the second consecutive year, the National Bank launches a campaign to encourage univer...
SadaNews - To promote a culture of electronic payment and encourage customers to switch to using smart payment methods, the National Bank has launched for the second consecutive year a campaign aimed at Palestinian university students to motivate them to pay their university installments through the...
Arab Islamic Bank and Ramallah and Al-Bireh Governorate Discuss Means of Joint Cooperation
SadaNews - The Governor of Ramallah and Al-Bireh, Dr. Leila Ghannam, and her accompanying delegation visited the headquarters of the Arab Islamic Bank's General Administration, where she was received by Mr. Hani Naser, the bank's General Manager, Mr. Nizham Al-Zamel, Director of Individual Banking,...
Israel Signs Largest Export Deal in Its History Worth $35 Billion
SadaNews Economics - NewMed, a partner in the Israeli Leviathan natural gas field, announced on Thursday that the field has signed an agreement worth up to $35 billion to supply gas to Egypt, marking the largest export deal in Israel's history.
The Leviathan field, located off the coast of Israel i...
British-Palestinian Meeting in Hebron to Discuss the Financial Crisis's Impact on the Priv...
SadaNews - Sir Michael Barber, the British Special Envoy for Governance Affairs in the Palestinian Authority, met with private sector leaders in the city of Hebron to directly hear about the impact of the financial crisis on the local economy and public services, and to discuss practical ways forwar...
Israel Bank Opens Door for Insurance Companies to Establish Small Banks
SadaNews Economy - The joint ministerial team formed by Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron has recommended allowing holding companies of insurance firms to obtain licenses to establish flexible small banks.
According to the Hebrew economic newspaper C...