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The Governor of the Monetary Authority Discusses Ways to Support Financial Stability in Pa...
SadaNews - The Governor of the Monetary Authority, Yahya Shanar, met today in Ramallah with the Italian Consul General in Jerusalem, Mr. Domenico Bilato, in the presence of Deputy Governor Mohammed Mnasra and several department directors.
During the meeting, Shanar reviewed the key measures the Mon...
Moody's Maintains Israel's Rating at Baa1 and Warns of the Impact of Escalation with Iran
SadaNews - Moody's credit rating agency has affirmed Israel's long-term rating in both local and foreign currencies at "Baa1", warning that direct military conflict with Iran will increase pressure on public finances.
The rating reflects Israel's weakened financial position due to rising geopolitic...
Al-Quds Bank Visits the Engineers Union to Discuss Joint Cooperation Prospects
SadaNews - A delegation from Al-Quds Bank, headed by CEO Muhammad Shawar, visited the Engineers Union at its headquarters in Ramallah, where they were received by the Union's President, Engineer Tarek Al-Zaro, along with members of the Union Council and several directors from Al-Quds Bank.
The visi...
For the First Time in Two Years.. Bank of Israel Sells 300 Million Dollars Last Month
SadaNews Economic Translation - The Hebrew newspaper Globes reported that the recent rise in the value of the shekel against the dollar, especially in June, raised questions about the possibility of the Bank of Israel intervening again in the foreign exchange market to prevent further strengthening...
Oil Prices Decline as Market Focuses on Trump's Tariff Implications
SadaNews - Oil prices have fallen for the third time in four days, as investors focus on the implications of a wave of American tariffs and the OPEC+ alliance's decision to bring more idle production capacity back to the market.
Brent crude dipped toward $69 per barrel, while West Texas Intermediat...
Gold prices stabilize after Trump's announcement on tariffs
SadaNews - Gold prices stabilized after recovering from previous session losses, as President Donald Trump began informing a group of countries about the new tariff rates, which boosted demand for safe havens amid growing fears of a trade war led by the United States.
The precious metal ended Monday...
Currency Exchange Rates Against the Shekel on Tuesday (July 8)
SadaNews - The currency exchange rates against the Shekel today, Tuesday (July 8), are as follows:
Arab Bank Supports the Establishment of an Advanced Computer Lab at Palestine Technical Un...
SadaNews - Recently, Arab Bank signed a cooperation agreement with Palestine Technical University - Kadoorie / Ramallah Branch to equip an advanced computer lab in the Arts Department. This is part of its ongoing efforts to support the education sector and enhance the technical and practical skills...
As Shara'a Begins His Gulf Tour to Strengthen the Economy, World Bank Predicts 1% Growth i...
SadaNews - The World Bank predicts a 1% growth in Syria's Gross Domestic Product (GDP) this year, following a contraction of 1.5% in the previous year, 2024.
Reuters reported the World Bank Group as stating in a statement today: "The easing of sanctions provides some promising potential; however, p...
Bank of Israel Keeps Interest Rate at 4.5% for the 12th Consecutive Time
SadaNews - On Monday, the Bank of Israel maintained the interest rate at 4.5% unchanged, marking the twelfth consecutive time, despite the inflation rate nearing the upper limit targeted by the bank.
The bank's monetary committee stated that the decision to keep the interest rate unchanged was made...
Slight Decline in Australian Stocks Ahead of Central Bank Decision and Approaching U.S. Ta...
SadaNews - Australian stocks experienced a slight decline at the start of the week today, Monday, amid pressures from mining and banking stocks, as investors remained cautious ahead of the Australian Reserve Bank's meeting regarding interest rates and the expiration of the U.S. tariff suspension dea...
Oil Prices Decline After "OPEC+" Production Increase Amid Concerns About Demand Drop
SadaNews - Oil prices declined after the "OPEC+" alliance agreed to a larger-than-expected increase in production for next month, raising fears of a potential oversupply, while U.S. tariffs cast doubts about demand prospects.
Brent crude fell by up to 1.6%, approaching $67 per barrel after a 0.7% d...