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OPEC+ Raises Oil Production by 548,000 Barrels Per Day Exceeding Expectations
SadaNews - The OPEC+ alliance has decided to increase its oil production by 548,000 barrels per day in August, exceeding the increases it approved over the previous three months, as part of its efforts to regain market share lost to competitors during the period when it reduced its supplies to maint...
Trump Signs Tax and Spending Reduction Bill
SadaNews Economy - President Donald Trump signed a package of tax relief and spending cuts, making the bill a law after near-unanimous Republican support in Congress for the party's local priorities, which could bolster the legacy of his second term.
Trump signed the trillion-dollar legislation out...
Currency Exchange Rates Against the Shekel (July 5)
SadaNews Economy - The exchange rates of currencies against the shekel today, Saturday (July 5), are as follows:
Dollar: 3.34
Dinar: 4.71
Euro: 3.93
Ministry of Industry Signs Partnership Agreement with the United Nations Industrial Develo...
SadaNews Economy - The Ministry of Industry and the United Nations Industrial Development Organization (UNIDO) have signed a new partnership to support the revival of the Palestinian footwear and leather sector, funded by the Italian government. This partnership focuses on enhancing infrastructure,...
Stability of Gold Prices
SadaNews Economy - Gold prices stabilized today, Friday, while it is on track to achieve weekly gains, benefiting from the approval of U.S. President Donald Trump's tax cut and spending bill in Congress.
By 0029 GMT, gold remained stable in spot transactions at $3,328.36 per ounce, and the gains of...
Ma'ariv: The Operation Against Iran Caused Damage to the Israeli Economy of About 52 Billi...
SadaNews Economy Translation - The Hebrew newspaper Ma'ariv mentioned in its economic supplement that the "Rising Lion" operation against Iran caused damage to the Israeli Gross Domestic Product (GDP) of about 52 billion shekels.
According to the Hebrew newspaper, as translated by SadaNews's econom...
Currency exchange rates against the shekel (July 4)
SadaNews Economy - The exchange rates of currencies against the shekel today, Friday (July 4), are as follows:
Dollar: 3.33
Dinar: 4.69
Euro: 3.92
$2.2 Million Value of Al-Quds Agency Projects for the Benefit of the Palestinian Populatio...
SadaNews: The Al-Quds Agency announced that it has implemented several projects during the first half of 2025, within the framework of its commitments to support the Palestinian population, with a total budget of $2.2 million, of which $384,000 was directed to humanitarian relief campaigns in Gaza....
Jerusalem Index Jumps 18% in the First Half of This Year
SadaNews Economy - In its best performance in more than 15 years, the Jerusalem Index of the Palestine Stock Exchange surged by 18% in the first half of 2025, closing at 586.7 points.
This came after a series of consecutive increases in the last two months and a significant rise in trading values,...
Increase in OPEC Production.. and Saudi Arabia Boosts Its Oil Exports
SadaNews - The Organization of the Petroleum Exporting Countries (OPEC) has increased its crude oil production at the highest pace in four months, with Saudi Arabia leading the increase in oil exports from the Middle East to regain its market share, according to a survey conducted by Bloomberg.
Riy...
The Governor of the Monetary Authority Discusses with a Group of Experts and Academics Way...
SadaNews - The Governor of the Monetary Authority, Mr. Yahya Shanar, discussed with a group of economists and financial technology experts the intervention mechanisms to address the effects resulting from the accumulation of the Shekel in the banking system, which contributes to enhancing financial...
The Minister of Labor Calls for a Common Arab Vision for Employment to Build Effective Dev...
SadaNews - Minister of Labor Dr. Inas Al-Atari participated in the Arab regional preparatory meeting for the second global summit on social development in Tunisia, during the fourth working session entitled "Employment and Full and Productive Employment in the Arab Region," which aims to provide soc...