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The IMF Confirms Its "Strong" Support for Egypt Amid Iranian War Pressures
SadaNews - Kristalina Georgieva, the Director of the International Monetary Fund, confirmed the institution's strong support for Egypt during a meeting with President Abdel Fattah El-Sisi on the sidelines of the "Africa Forward" summit held in Kenya.
Georgieva stated in a post on the "X" platform t...
War, Trade, and Semiconductors: Heavy Files Awaiting Trump in China
SadaNews - U.S. President Donald Trump is scheduled to arrive in the Chinese capital, Beijing, today, Wednesday, for a state visit during which he will meet with Chinese President Xi Jinping amid tense international conditions dominated by issues of trade, war, and artificial intelligence.
Before l...
Oil Stabilizes After Three Days of Gains Amid Ongoing Hormuz Crisis
SadaNews - Oil stabilized after rising nearly 8% during the past three sessions, as the inability to reach a solution to the Middle East conflict continues, along with increasing pressures on Iranian exports due to a U.S. maritime blockade of the Strait of Hormuz.
West Texas Intermediate crude trad...
Gold Nears $4,701 Despite Rising Rate Hike Bets
SadaNews - Gold has stabilized after its decline, following the rise in inflation in the United States which has increased the likelihood of the Federal Reserve raising interest rates this year.
The precious metal was trading around $4,701 an ounce, after a 0.4% drop on Tuesday. The Consumer Price...
Exchange Rates of Currencies Against the Shekel on Wednesday (May 13)
SadaNews - The exchange rates of currencies against the shekel on Wednesday (May 13) are as follows:
Israeli "State" Auditor Reveals New Shortcomings in the Israeli Economy Due to War
SadaNews Economy Translation - A report from the so-called Israeli "State" Auditor, Matanyahu Engelman, revealed after examining financial data that during the years 2023-2024, approximately 75% of loan applications submitted to the small and medium-sized enterprises loan fund were rejecte...
Arkan's Financial Results for the First Quarter of 2026
Sada News - Arkan Real Estate has announced its financial results and consolidated financial statements for the first quarter of 2026, reporting a profit of $9.2 million for the company's shareholders compared to $13.7 million in the same period of 2025.
The results for this quarter are attributed...
Palestine Bank Signs Cooperation Agreements with the Palestinian Paralympic Committee and...
SadaNews Economy - Palestine Bank signed two cooperation and partnership agreements with the Palestinian Paralympic Committee and Special Olympics, aimed at supporting sports activities and local and international tournaments organized by the committee for the benefit of people with physical and men...
The General Assembly of Padico Holds Its 31st Annual Ordinary Meeting
SadaNews - The General Assembly of Palestine Development and Investment Company (Padico) held its 31st annual ordinary meeting, both in-person in the city of Rawabi and via video conferencing with the Gaza Strip, with the participation of shareholders holding shares in person and by proxy amounting...
$2.17 Billion in Tourism Income for Jordan Since the Beginning of the Year, Down 10.4%
SadaNews Economy - Preliminary data released by the Central Bank of Jordan indicates a 27.2% drop in tourism income during the month of April 2026, reaching $517.1 million, primarily due to a decrease in tourism income from all nationalities.
In light of this, tourism income during the first four m...
Central Banks' Use of Yuan Swap Lines Reaches Highest Level in Two Years
SadaNews - The use of global central banks of the "People's Bank of China's" swap lines reached its highest level in two years during the first quarter, reflecting the growing international demand for the Chinese currency.
By the end of March, central banks around the world had withdrawn a total of...
"Jerusalem Electricity" Announces Update Works That May Affect Charging and Payment Servic...
SadaNews: In implementation of development and system update works, the Jerusalem District Electricity Company announces the possibility of the charging and bill payment system being affected through its offices, branches, and self-service machines today, Tuesday 12/05/2026, from 4:00 PM to 11:00 PM...