Economic News
Back to Homepage
Exchange Rates of Currencies Against the Shekel on Tuesday (September 2)
SadaNews - The exchange rates of currencies against the shekel today, Tuesday (September 2), are as follows:
OpenAI Plans to Build Huge Data Center in India as Part of Its Expansion in Asia
SadaNews - OpenAI is seeking to establish a new massive data center in India, a move that could signify a major advancement in the expansion of its artificial intelligence infrastructure under the "Stargate" project in Asia.
The developer of the "ChatGPT" application is currently in talks with loca...
Israeli Rearmament Under Test Due to Gaza Fallout and War Costs
SadaNews - The pressure from operations extending from Gaza to Iran has strained Israeli military equipment, yet its options for renewing its arsenal are limited. The growing criticisms of its campaign in Gaza and scrutiny from some of its partners are prompting a reduction in the supply of weapons...
Announcement of Power Outages in Areas of Bethlehem Governorate
SadaNews: The Jerusalem District Electricity Company regrets to announce the need to cut the electric current on the days, dates, and times specified below for the following areas of Bethlehem Governorate:
-Tuesday, 2/9/2025 (from 9:00 AM to 2:00 PM): Tekoa, Sharaf Tekoa, Tekoa Al-Arza, Al-Mi...
BYD Shares Drop 8%
SadaNews - Shares of "BYD" listed in Hong Kong dropped by up to 8% on Monday, reaching HK$105.2, the lowest level since April 9, heading towards the biggest daily decline since May 26, and leading the list of losers on the Hang Seng Trade and Industry Index and the Hang Seng Technology Index.
Shares...
For the First Time Since 2011.. Silver Price Exceeds $40
SadaNews - The price of silver exceeded $40 per ounce for the first time since 2011, fueled by growing expectations of a rate cut by the Federal Reserve this month, which has boosted investor interest in precious metals.
The spot silver price rose by 1.4% to reach $40.2920 per ounce on Monday, in...
Exchange Rates of Currencies Against the Shekel on Monday (September 1)
SadaNews - The exchange rates of currencies against the shekel today, Monday (September 1), are as follows:
Announcement of Fuel Prices for September
SadaNews Economy - The General Petroleum Corporation announced this evening, Sunday, the fuel prices for the month of September 2025.
The price list shows a decrease of 6 agorot for a liter of diesel, while the price of gasoline has increased by 8 agorot.
New Fuel Price Increase in Israel Starting Monday
SadaNews - The Israeli Ministry of Energy announced today, Sunday, an increase in controlled fuel prices effective from midnight on August 31 to September 1, 2025.
The ministry clarified that the maximum price for self-service gasoline at 95 octane will reach 7.16 shekels (including VAT), an incr...
Despite Trump Tariff Suspension, Weakness in Chinese Factories Persists
SadaNews - Factory activity in China remained sluggish during August, as the government's campaign against price wars hampers production and negates the positive impact of the extended trade truce with the United States.
The National Bureau of Statistics announced on Sunday that the official manufa...
Qassis: 100 Million Shekels Annual Budget for Ramallah Municipality, One Quarter for Devel...
SadaNews - The Mayor of Ramallah, Isa Qassis, announced that approximately (25) million shekels of the total (100) million shekels budget of the municipality is allocated for implementing development projects.
Qassis indicated in a meeting with "Economic Life" that the municipality has completed de...
Palestinian Statistics Announce the Producer Price Index in Palestine for July 2025
SadaNews - Increase in Producer Prices during July 2025
The general producer price index recorded an increase of 0.35% during July 2025 compared to June 2025, reaching a general index of 244.33 in July 2025 compared to 243.48 in June 2025 (base year 2019 = 100).
The Producer Price Index for Locall...