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Analysis: "OPEC+" Holds a Meeting That Seems Symbolic Amid Continuing Hormuz Crisis.. But...
SadaNews - On Sunday, the "OPEC+" group of producers is set to meet, with analysts predicting that the alliance will decide on an additional increase in its production target for July, as the world is experiencing the largest disruption in energy supply, with reduced exports from the Gulf states and...
The European Central Bank is Set to Solely Raise Interest Rates Among the G7 Banks
SadaNews - It is expected that the upcoming interest rate hike in the Eurozone will place the European Central Bank at the forefront of the global tightening cycle triggered by the implications of the Iran War.
The European Central Bank is likely to raise interest rates by a quarter of a percentage...
The Chinese Central Bank Continues to Buy Gold Amid Ongoing Price Pressures
SadaNews - The Chinese central bank continued to increase its gold holdings in May, as prices of the precious metal remained under pressure.
Gold holdings at the People’s Bank of China rose by 320,000 troy ounces during the past month, according to data published on Sunday. This extends the bank’s...
Iran's War Drives Global Gas Trade Underground
SadaNews - A day before crossing the Strait of Hormuz, an Indonesian sailor aboard the gas carrier "Al Rayyan" posted a picture of a rainbow stretching over the bow of the ship. He wrote on social media: "When a dream ship becomes a reality," expressing his gratitude to God for this blessing.
Howev...
Palestinian Islamic Bank Participates in the Third Global Summit on Islamic Economy in Ist...
SadaNews - The Palestinian Islamic Bank participated in the activities of the Third Global Summit on Islamic Economy in Istanbul, organized by the Al-Baraka Forum for Islamic Economics under the title "Capital in the Islamic Economy: Structuring Wealth for Sustainable Development", in the presence o...
Washington Considers Using Iranian Assets to Finance Damage Repair in Gulf States
SadaNews - An informed source revealed that the U.S. administration is considering directing Iranian assets towards funding reconstruction projects and compensating for the damages caused to Gulf states due to Iranian attacks, amid a new escalation in the region characterized by drone and missile st...
Continuous Fluctuations in Gold and Silver Prices
SadaNews - Global financial markets are experiencing ongoing fluctuations in the prices of precious metals, as transactions are moving amid multiple economic and political changes that directly affect investor trends and investment portfolios.
In this context, the price of an ounce of gold was reco...
Currency Exchange Rates Against the Shekel on Sunday (June 7)
SadaNews - The currency exchange rates against the shekel today, Sunday (June 7), are as follows:
Minister of Labor Chairs the 50th Meeting of the Board of Directors of the Palestinian Emp...
SadaNews Economy - The Minister of Labor and Chair of the Board of Directors of the Palestinian Employment Fund, Dr. Inas Al-Attari, chaired the 50th session of the Fund's Board of Directors, with the participation of representatives from the government sector, the Union of Palestinian Commercia...
Shanar: Expanding Banking and Trade Cooperation with Turkey as a Pillar to Support the Pal...
SadaNews - The discussions between the Governor of the Palestine Monetary Authority, Mr. Yahya Shanar, and the Governor of the Central Bank of Turkey, Dr. Fahit Karahan, focused on ways to develop financial and banking cooperation between Palestine and Turkey, along with several priority issues for...
Minister of Finance: It is Currently Impossible to Discuss Figures or Percentages Regardin...
Exclusive SadaNews Economy - On Saturday, Minister of Finance and Planning Dr. Estafan Salama stated that the government is making efforts to secure regular salary payments, noting that it is not possible to discuss any percentage or figures regarding the upcoming payment at this stage.
Salama sa...
Exchange Rates of Currencies Against the Shekel (June 6)
SadaNews - The exchange rates of currencies against the shekel today, Saturday, June 6, are as follows:
Dollar: 2.95
Dinar: 4.16
Euro: 3.40