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$535 Million in Profits for the Arab Bank Group During the First Half of This Year
SadaNews Economy - The Arab Bank Group achieved positive results during the first half of 2025, with net profits after tax amounting to $535.3 million compared to $502.8 million as of June 30, 2024, reflecting a growth rate of 6%. The group also maintained a strong financial position with equity amo...
Morocco Sells 5G Licenses in Exchange for Commitments to Invest $8.8 Billion
SadaNews - Morocco has granted licenses for the exploitation of 5G networks to the three telecommunications companies operating in the country in exchange for 2.1 billion dirhams ($233 million), and the launch of the service is expected by the end of this year.
The companies "Maroc Telecom," "Medi...
Bezos Earns $5.7 Billion from Selling Shares in 'Amazon'
SadaNews - Jeff Bezos has completed a massive deal selling shares of "Amazon," from which he has earned approximately $5.7 billion since his wedding in late June.
The sales, which began when Bezos sold shares worth $737 million during the weekend he spent in Venice celebrating his wedding, were par...
Fitch Affirms Saudi Arabia's Credit Rating at 'A+' with 'Stable' Outlook
SadaNews Economy - The credit rating agency ‘Fitch’ has affirmed the Kingdom of Saudi Arabia's rating at 'A+', with a 'Stable' outlook, based on the strength of the Kingdom's financial position both externally and internally.
The agency stated in a report that “the balance of the Kingdom's external...
Jerusalem Electric Company Announces Power Outage in Bethlehem
SadaNews Economy - The Jerusalem District Electricity Company announced that it is regrettably forced to cut electricity from 9 AM to 2 PM on the following days and dates in the specified areas of Bethlehem Governorate:
Sunday, 27/7/2025: Beit Taimar, Dhahrat al-Nada, Bayridah, Teachers' Housing....
20% of NASA Employees to Depart as Part of Restructuring Plan
SadaNews Economy - The U.S. National Aeronautics and Space Administration (NASA) announced on Saturday that approximately 20 percent of its employees will leave their positions as part of a plan to restructure the agency and enhance its operational efficiency.
According to a report from Reuters, a...
Currency Exchange Rates Against the Shekel on Saturday (July 26)
SadaNews Economy - The exchange rates of currencies against the shekel today, Saturday (July 26), are as follows:
Dollar: 3.35
Dinar: 4.73
Euro: 3.93
Gold Shines Amid Uncertainty
SadaNews Economy - Precious metal prices soared to unprecedented levels in the first half of 2025, following a 20% increase in 2024. Gold led this rise, approaching its all-time highs in mid-June amidst escalating geopolitical tensions and increasing economic uncertainty. Silver and platinum also sa...
Damascus Plans to Build a New Airport with a Capacity of 30 Million Passengers
SadaNews Economy - The Syrian Civil Aviation Authority announced a plan to build a new airport in the capital Damascus, with a capacity of up to 30 million passengers annually, in a move that may represent a qualitative shift in the aviation infrastructure in Syria.
The head of the Syrian Civil Avi...
Trump Softens His Tone Towards Powell After Visiting the Federal Reserve Headquarters and...
SadaNews Economy - U.S. President Donald Trump downplayed the disagreement he had with Federal Reserve Chairman Jerome Powell regarding cost overruns during a tour of the central bank's renovation project, although he again took the opportunity to push for lower interest rates.
After a tour marked...
European Green Light for a Tough Trade Response to Trump's Tariffs
SadaNews - The European Union countries approved on Thursday evening a package of retaliatory tariffs on American goods amounting to €93 billion, set to take effect from August 7, should trade talks with the United States fail, according to European diplomats.
U.S. President Donald Trump surprised...
Currency Exchange Rates Against the Shekel on Friday (July 25)
SadaNews Economy - The exchange rates of currencies against the shekel today, Friday (July 25), are as follows:
Dollar: 3.35
Dinar: 4.72
Euro: 3.93