Economic News
Back to Homepage
Egyptian National Bank lends "East Mediterranean Gas" $300 million to receive Israeli gas
SadaNews - The "Egyptian National Bank", the largest state-owned bank, intends to lend the company "East Mediterranean Gas" $300 million to finance the construction of a new pipeline in Sinai for transporting additional quantities of Israeli gas to Egypt, according to three informed sources who requ...
Currency Exchange Rates Against the Shekel on Monday (November 3)
SadaNews - The currency exchange rates against the shekel today, Monday (November 3), are as follows:
Gold price exceeds $4000 per ounce
SadaNews - Gold prices have risen above the level of $4000 per ounce even after China ended a long-standing tax exemption for some retailers, a move that could weaken demand in one of the world's largest precious metals markets.
The precious metal increased by 0.14% to approximately $4008.69 per ou...
Jordanian National Bank Announces Opening of Its New Branch in Nablus
SadaNews - Today, Sunday, the Jordanian National Bank announced the commencement of operations at its new branch in the city of Nablus – Haifa Street, as part of its strategic plan aimed at enhancing its presence and expanding its banking services across various governorates of the country, to meet...
The Gas and Fuel Unions Warn: The Newly Introduced Laws Regarding the Banking Sector Will...
SadaNews - The unions of fuel station owners and gas filling companies in the West Bank held an urgent meeting today to discuss the statements made by the Palestinian Monetary Authority regarding the preparation and issuance of a law on cash reduction.
The unions stated in a joint statement after...
Housing Bank Sponsors Workshop for Teaching Animation to Children in Collaboration with Sp...
SadaNews - The Housing Bank sponsored an artistic workshop to teach animation to children, aiming to stimulate innovative thinking and develop their visual expression skills, believing in the importance of supporting creativity among younger generations.
The workshop culminated in the production of...
Dispute Between "EGAS" and Fertilizer Companies Over Natural Gas Price Increase
SadaNews - The increase of one dollar to the natural gas price for fertilizer factories in Egypt starting from last October has sparked a dispute between four companies (Abu Qir, Helwan, Kima, Alexandria) and the Egyptian Natural Gas Holding Company "EGAS", regarding the application of the price equ...
Palestine and Germany Sign Support Agreement for Development Programs in Palestine
SadaNews - The Palestinian government and the German government held their bilateral discussions on developmental cooperation. The Palestinian delegation was headed by the Minister of Planning and International Cooperation, Dr. Estephan Salama, while the German delegation was led by the Minister of...
The Monetary Authority Invites the Public to Participate in Providing Feedback on the Draf...
SadaNews - The Monetary Authority has invited all citizens and interested parties to review the draft law to reduce cash usage, which was prepared in consultation with several official entities and the private sector, "based on its commitment to enhancing transparency and partnership with the p...
Expectations Indicate Bank of England's Move to Keep Interest Rates Unchanged Ahead of Bud...
SadaNews - It is expected that the Bank of England will keep interest rates unchanged on Thursday, slowing the pace of monetary easing that it has maintained for over a year at a quarter-point every 3 months.
Investors and economists expect that the bank's Monetary Policy Committee will keep the in...
OPEC+ Moves Towards Approving a Slight Increase in Oil Production for December
SadaNews - Discussions among the "OPEC+" alliance are currently focused on approving a slight increase in oil production for December, according to three representatives familiar with the ongoing talks ahead of an online meeting scheduled for Sunday.
The representatives, who requested anonymity due...
Saudi "SABIC" Turns Profitable but Below Market Expectations
SadaNews - The "Saudi Basic Industries Corporation" (SABIC), the largest petrochemical company in Saudi Arabia, returned to profitability in the third quarter of 2025, indicating an improvement in the operating environment, ending a series of losses that lasted for three consecutive quarters. Howeve...