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Iran's War Erodes 72% of Iraq's Oil Revenues
SadaNews - Iraq's oil export revenues dropped by 72% in March due to the repercussions of the US-Israeli war on Iran, which effectively closed the vital Strait of Hormuz, leading to a decline in Iraq's oil exports last month to $1.9 billion, according to Ali Nizar Al-Shatri, General Director of the...
Gold Falls After Trump's Speech Amid Uncertainty Over the End of the War
SadaNews - Gold fell after a highly anticipated speech by U.S. President Donald Trump, which did not provide significant clarity on reaching a resolution to the war in the Middle East.
The precious metal dropped by as much as 2.3%, reversing earlier gains, after Trump stated that the month-long con...
Currency Exchange Rates Against the Shekel on Thursday (April 2)
SadaNews - The currency exchange rates against the shekel today, Thursday (April 2), are as follows:
Oil and Dollar Rise Following Trump's Threats of Severe Strikes Against Iran
SadaNews - President Donald Trump's speech regarding the war on Iran immediately impacted oil and precious metal markets.
The world is watching with concern the ongoing war in Iran, which has lasted for over a month, amid the closure of the Strait of Hormuz, through which approximately 20 per...
Israel Warns "Hezbollah Money Changers": Continued Funding Puts You at Risk
SadaNews - Israel warned on Wednesday those it describes as money exchangers working in the service of Hezbollah, stating that it will target them unless they stop their activities funding the group.
The Israeli army issued a warning message stating: "A message to the money exchangers working in th...
Contractors Union Threatens Protests if Government Ignores Its Demands
SadaNews - The Board of Directors of the Palestinian Contractors Union stated that in light of the exceptional economic circumstances facing the construction sector in Palestine, and the unprecedented and escalating increases in the prices of construction materials, energy, transport, and supply cha...
مجلس تنظيم قطاع الكهرباء يصدر توضيحا بخصوص مشاريع الطاقة المتجددة بنظام صافي الفوترة
Ministry of Transportation: Temporary and Limited Adjustments to Transportation Fare Tarif...
SadaNews - The Ministry of Transportation stated, "In light of the exceptional circumstances that the region is experiencing and the ongoing rise in fuel prices both globally and locally, and in light of the Ministry's responsibility to maintain the sustainability of the public transport se...
Bakery Owners Syndicate: The price of one kilogram of bread is currently sold at 4.5 sheke...
SadaNews - The Ministry of National Economy and the Bakery Syndicate announced today, Wednesday, that the price of one kilogram of bread is currently sold at 4.5 shekels this month.
The ministry expressed its appreciation for the bakery owners' stance and their consideration of the circumstances fa...
Forecasts of a Sharp Contraction in the Israeli Economy by 9.5% in the First Quarter of 20...
SadaNews - The Hebrew newspaper "Kalkalist" reported that the Israeli Ministry of Finance has downgraded its estimates for economic performance, expecting a contraction in GDP by 9.5% year-on-year during the first quarter of 2026, amid the repercussions of what is known as the "Harry...
Iraq Allows Fuel Export by Land via Syria for the First Time in Decades
SadaNews - Iraq has resorted to exporting fuel by land via Syria for the first time in decades, a step that reflects the level of disruption affecting traditional shipping routes amidst the worsening war with Iran.
Iraq's oil marketing company, "SOMO", has signed contracts to supply...
Moroccan "Managem" Invests $750 Million to Double Gold Production
SadaNews - The Moroccan "Managem" Group, operating in the mining sector in Africa, plans to invest $750 million to increase gold production by 134% from 213,000 ounces last year to half a million ounces by the end of the current decade, according to Imad El Tumi, the company's CEO, in a statement to...