Economic News
Back to Homepage
SadaNews - Sada Bank Holds Ordinary General Assembly Meeting for 2025
SadaNews - Sada Bank held its ordinary general assembly meeting for the year 2025 on Sunday, May 17, 2026, at the bank's headquarters in Ramallah, with a participation rate of 65.733%. The meeting was attended by the Chairman of the Board of Directors of Sada Bank, Yazed Adnan Al-Mufti, the Vice...
Expert: The Israeli economy is unable to absorb the strength of the shekel in the short an...
Exclusive to SadaNews: Financial consultant and banking expert Mohammad Salama confirmed that the Israeli economy cannot absorb the shekel's exchange rate strength against the dollar below 3 shekels to the dollar in the short and medium term. He pointed out that the real exchange rate of the dol...
The Strong Shekel and Import Prices: Why Has Inflation Not Decreased in Israel?
SadaNews - The Israeli Central Bureau of Statistics published the Consumer Price Index for April, which has been described as "historic" after prices recorded a sharp increase of 1.2% in just one month, an unprecedented leap not seen in 18 years. This exceptional rise was driven by a sharp increase...
Widespread Slowdown in China's Economy Amid Weak Investment and Consumption
SadaNews - China's growth has widely slowed down in April, with investment returning to decline, while retail sales and industrial production fell short of expectations, highlighting the fragility of the economy in the face of a global energy crisis.
Investment in fixed assets unexpectedly shrank b...
Eni Aims to Add 120 Million Cubic Feet of Gas Daily from Egypt's Zohr Field
SadaNews - The Italian company "Eni" aims to add about 120 million cubic feet of new gas daily and 160 barrels of condensates daily to the production of the "Zohr" field in the Mediterranean Sea in Egypt by next June, by completing the isolation works of the water-producing layers in two wells in th...
Oil Continues to Rise as Trump Renewed Pressure on Iran
SadaNews - Oil prices have risen for the third consecutive day after President Donald Trump renewed pressure on Iran to reach a deal that would end weeks of conflict and reopen the vital Strait of Hormuz.
Brent crude advanced above $111 a barrel, after adding about 8% last week, while West Texas In...
Gold Continues to Decline Amid Stalemate in Hormuz and Rising Inflation Concerns
SadaNews - Gold continued its decline as there was no progress in reopening the Strait of Hormuz, which fueled inflation concerns that drove bond markets sharply down.
The precious metal dropped by up to 1.3% to about $4,547 per ounce, after decreasing by nearly 4% last week.
The United States and...
Currency Exchange Rates Against the Shekel on Monday (May 18)
SadaNews - The currency exchange rates against the shekel today, Monday (May 18), are as follows:
Israel's Economy Shrinks 3.3% in Q1 Due to Iran War
SadaNews - The Israeli Central Bureau of Statistics said on Sunday that the Israeli economy contracted at an annual rate of 3.3% during the first three months of 2026, as the gross domestic product was affected by the repercussions of the Israeli-American war on Iran.
On a per capita basis, Israel'...
Palestinian Islamic Bank Launches Reward Campaign for Islamic Mobile App Subscribers
SadaNews - The Palestinian Islamic Bank has launched a new reward campaign for subscribers of the Islamic Mobile App titled "For Islamic Mobile Subscribers, Your Digital Movements Earn You 500" to enhance customer engagement with the Islamic Mobile App for banking services in line with the...
Housing Bank Participates in the Launch of Arab Traffic Week Under the Slogan "Take It Eas...
SadaNews - The Housing Bank participated in the launch of the Arab Traffic Week under the slogan "Take It Easy, We Are Waiting for You," which was organized by the Nablus Governorate Police in partnership with the popular committee for the services of the Old Askar Camp and the camp's institutions....
Jerusalem Governorate Water Authority Launches Smart Application for Subscribers
SadaNews - The Jerusalem Governorate Water Authority announced the launch of its new electronic application on Android and iOS devices, in a step aimed at developing its digital services and enhancing communication speed with subscribers, as well as responding to their needs more efficiently.
The a...