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China Buys Largest Amount of Gold Since 2023 Despite Price Fluctuations
SadaNews - The People's Bank of China increased its gold purchases in June, recording the largest monthly addition since October 2023, in a move that reflects Beijing's commitment to diversifying its official reserves despite the sharp decline in the precious metal last month.
Official data from Ch...
Bloomberg: Unusual Delays in Bank Transfers Between Saudi Arabia and the UAE
SadaNews - Bank transfers from Saudi Arabia to the UAE have experienced unusual delays over the past few weeks, raising concerns among companies and individuals working between the two largest Arab economies.
According to knowledgeable sources who requested anonymity due to the sensitivity of the i...
Ministry of Agriculture and FAO Sign New Batch of Investment Support Agreements Worth 8 Mi...
SadaNews - The Ministry of Agriculture, in collaboration with the Food and Agriculture Organization of the United Nations (FAO), has signed a new batch of investment support agreements under the MAP II program, aimed at enhancing investments and market-oriented innovations for the development of a s...
Israel's Bank Buys One Billion Dollars in a New Intervention to Weaken the Shekel
Economy News Translation - The Bank of Israel continued its intervention in the foreign exchange market during the past month of June, purchasing nearly one billion US dollars, according to its monthly report on foreign currency reserves.
According to SadaNews Economy Translation, this marks the se...
Aramco Considers Increasing East-West Pipeline Capacity by Two Million Barrels
SadaNews - Saudi Arabia's "Aramco" is considering increasing the capacity of the "East-West" oil pipeline by up to two million barrels per day, a move that would enhance the kingdom's ability to export crude through the Red Sea, away from the Strait of Hormuz, which has experienced disruptions in re...
Palestine Bank Association Holds Its Annual General Meeting
SadaNews - The general assembly of the Bank Association in Palestine held its annual ordinary meeting on Monday, July 6, 2026, at the association's headquarters in Ramallah – Al-Masyoun, with the presence of the chairman of the board of directors, Mr. Maher Al-Masri, representatives of member banks,...
Egyptian Private Sector Shrinks at Fastest Rate in Over 3 Years
SadaNews - The contraction of the non-oil private sector in Egypt intensified during June, recording the sharpest decline in nearly three and a half years, as companies faced increasing pressures from weak demand and supply chain disruptions caused by tensions in the Middle East.
The Purchasing Man...
Saudi Arabia Grants "Aqua" Exclusive Rights to Export Green Hydrogen and Its Derivatives
SadaNews - The company "Aqua" has received government approval granting it exclusive rights to export green hydrogen produced in Saudi Arabia and its derivatives to global markets, a move that enhances the Kingdom's ambitions to become a global hub for the production and export of clean fuel and low...
"Jerusalem Electricity" and Jericho Municipality Discuss Enhancing Partnership to Develop...
SadaNews: The Chairman of the Board of Directors of the Jerusalem District Electricity Company, Engineer Hisham Al-Omari, and the General Manager, Engineer Mohamed Zidan, held a meeting with the Mayor of Jericho, Major General Salem Al-Ghrouf, to discuss ways to enhance cooperation and joint coordin...
Oil Prices Rise as Tensions Return to Hormuz
SadaNews - Oil prices rose after attacks on ships in the Strait of Hormuz, highlighting the ongoing risks threatening movement in the waterway.
Brent crude climbed to nearly $73 a barrel, while West Texas Intermediate surpassed $69.
The British Maritime Trade Operations Authority reported that...
Gold Declines Amid Renewed Hormuz Tensions as Market Awaits Federal Minutes
SadaNews - Gold declined for the second day following renewed attacks on shipping in the Strait of Hormuz, serving as a reminder of the risks facing vessels transporting oil and natural gas through the waterway.
The precious metal dropped by as much as 0.9% to near $4,122 an ounce, having shed 0.3%...
Exchange Rates of Currencies Against the Shekel on Tuesday (July 7)
SadaNews - The exchange rates of currencies against the shekel today Tuesday (July 7) are as follows: