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Gold Prices Fall from Two-Week High Amid Dollar Strengthening
SadaNews Economy - Gold prices recorded a slight decline today, Monday, as the dollar gradually recovered, while growing expectations of a U.S. interest rate cut limited the sharp drop in the precious metal after U.S. Federal Reserve Chairman Jerome Powell hinted at the possibility of a rate cut.
G...
Currency Exchange Rates Against the Shekel on Monday (August 25)
SadaNews - The currency exchange rates against the shekel today, Monday (August 25), are as follows:
Announcement of Power Cut
SadaNews: The Jerusalem District Electricity Company announced with regret that it will cut the power from 9 AM to 2 PM on Monday, August 25, 2025, in the following areas of Bethlehem Governorate:
Janata near the municipality, Ikab, Al-Furdis, Zatara, Ras Al-Wad, Bethlehem Evangelical Academy, Beit...
Trade Balance Deficit of Monitored Goods Increases by 8% in June
SadaNews Economy - The Central Bureau of Statistics announced an 8% increase in the trade balance deficit of monitored goods during the month of June compared to the same month in 2024.
The statistics office explained in a report released today, Sunday, on the monitored foreign trade of goods for t...
Launch of a Strategic Partnership Between the Palestinian Monetary Authority and the Netwo...
SadaNews - The Palestinian Monetary Authority and the Businesswomen and Professionals Network - Palestine (BPW - Palestine) held a meeting in which they agreed to launch a strategic partnership aimed at enhancing financial inclusion and the contribution of women to strengthening financial stability...
Ankara Closes the Chapter on 'Lira-Indexed Deposits' After 4 Years of Launching Them
SadaNews - The Turkish Central Bank ended, on Saturday, the "protected deposits against exchange rate fluctuations" program (locally known as "KKM"), in a move described as a new chapter in the shift away from the unconventional economic policies adopted by President Recep Tayyip Erdoğan during the...
HSBC's Swiss Unit Ends Relations with 1,000 Wealthy Clients from the Middle East
SadaNews - The Swiss private banking unit of HSBC Holdings is terminating its dealings with several wealthy clients from the Middle East, many of whom have assets exceeding $100 million, as the bank seeks to reduce its exposure to individuals classified as high-risk, according to sources familiar wi...
Transformations in Federal Policy from Jackson Hole to the End of Inflation Surpassing
SadaNews - The annual economic policy seminar of the Federal Reserve Bank in Kansas City concludes its events in "Jackson Hole," Wyoming. Here are the key conclusions:
Powell's Signal
Federal Reserve Chairman Jerome Powell indicated in his speech on Friday that the U.S. central bank is likely to c...
Amendment of the Rent Law Releases Assets Worth 1.5 Billion Pounds for 'New Cairo'
SadaNews - The New Cairo Housing and Development Company, listed on the Egyptian Stock Exchange, is preparing to exploit real estate assets currently valued at approximately 1.5 billion pounds, represented by about 200 residential units subject to the old rent law, according to the company's managin...
Exchange Rates of Currencies Against the Shekel on Sunday (August 24)
SadaNews - The exchange rates of currencies against the shekel today, Sunday (August 24), are as follows:
Confirming what SadaNews published earlier.. The Jerusalem District Water Department annou...
SadaNews - The Jerusalem District Water Department resorted to a surprising announcement via social media and its website regarding a job vacancy to select a General Director according to specified conditions.
The department has been accustomed to appointing general directors away from such announc...
What Does Egypt's First Digital Bank Offer?
SadaNews Economy - The Central Bank of Egypt has approved the conversion of the Egypt Digital Innovation Company (MDI) into "One Bank," making it the first integrated digital bank in the country to offer all its services exclusively through digital channels.
The company was established in 2020 as p...