Economic News

Back to Homepage
Gold and Silver Rebound Strongly After Sharp Sell-Off

Gold and Silver Rebound Strongly After Sharp Sell-Off

SadaNews Economy - Precious metals markets experienced a notable rebound in prices following a strong sell-off that came after the announcement of Kevin Warsh's nomination to chair the U.S. Federal Reserve. The price of gold increased by $4.908 per ounce, recovering part of its losses after hitting...
The new board of directors of "Ataa Palestine" holds its first meeting after its election discussing the plans and programs of the relief association for the year 2026

The new board of directors of "Ataa Palestine" holds its first meeting after its election...

SadaNews - The new board of directors of the "Ataa Palestine" association held its first meeting after being elected by the general assembly, via Zoom technology, on Thursday, which included adopting recommendations for the association's relief and charitable programs for the year (202...
Arab Bank Honors Its Volunteer Employees in the 'Together' Community Responsibility Program

Arab Bank Honors Its Volunteer Employees in the 'Together' Community Responsibility Progra...

SadaNews: Arab Bank honored its volunteer employees during its annual ceremony for the community responsibility program "Together", held under the slogan "Our Beginnings Together and Our Contributions Continue". This recognition comes in appreciation of their distinguished efforts and effective cont...
Gold Rises After Historic Drop Supported by Chinese Demand

Gold Rises After Historic Drop Supported by Chinese Demand

SadaNews - Gold prices have risen, regaining some of their losses after the sudden disintegration of a record bullish wave that pushed prices down by 13% in just two days. Silver prices have also increased. Gold rose in spot trading by up to 2.9% to approach $4850 per ounce, after having dropped by...
Exchange Rates of Currencies Against the Shekel on Tuesday (February 3)

Exchange Rates of Currencies Against the Shekel on Tuesday (February 3)

SadaNews - The exchange rates of currencies against the shekel today, Tuesday (February 3), are as follows:
"Under the Responsibility Clause"... The Contractors Union Demands Members to Stop Bidding for All Tenders and Procurement Funded by the Ministry of Finance

"Under the Responsibility Clause"... The Contractors Union Demands Members to Stop Bidding...

SadaNews - Special to "SadaNews" - Today, Monday, contracting companies and contractors received a circular from the Contractors Union demanding them to immediately cease bidding for all tenders and procurement funded by the Ministry of Finance, even partially. The Contractors Union stated in the c...
Trump Announces Trade Agreement with India

Trump Announces Trade Agreement with India

SadaNews Economic Translation - U.S. President Donald Trump announced a trade agreement with India after it agreed to stop purchasing Russian crude oil and increase its purchases from the United States. Trump stated, according to SadaNews Economic Translation, that he will reduce the additional tar...
J.P. Morgan Predicts Gold to Reach $6,300 in 2026

J.P. Morgan Predicts Gold to Reach $6,300 in 2026

SadaNews - J.P. Morgan Bank predicted in a memo issued yesterday, Sunday, that the increasing demand from central banks and investors will drive gold prices to reach $6,300 per ounce by the end of 2026 – despite the decline in prices in global markets today – indicating the continued role of gold as...
Gharghour Trading Strengthens its Community Partnership by Welcoming the Governor of Ramallah and Al-Bireh

Gharghour Trading Strengthens its Community Partnership by Welcoming the Governor of Ramal...

SadaNews: Gharghour Trading Company – agents for Mercedes and Smart cars, welcomed Dr. Laila Ghannam, the Governor of Ramallah and Al-Bireh, as part of strengthening the partnership with private sector institutions, affirming the importance of integration between the public and private sectors...
Egypt is considering a 30% reduction in customs duties for the automotive and electrical appliance industries

Egypt is considering a 30% reduction in customs duties for the automotive and electrical a...

SadaNews - Egypt is considering reducing customs duties on between 60 and 70 types of essential raw materials related to the manufacturing of automobiles and electrical appliances, with reductions ranging from 20% to 30%, in contrast to the plan to impose or increase tariffs on fully manufactured go...
Shocking Reading of the Gold Market: Cathie Wood Warns of Potential Bubble

Shocking Reading of the Gold Market: Cathie Wood Warns of Potential Bubble

SadaNews - The CEO of Ark Investment, Cathie Wood, has warned of increasing risks in the gold market, considering that current indicators may reflect the yellow metal reaching historically inflated levels, raising concerns of a potential price bubble. Wood stated in a post on the "X" platform two d...
Capital Market Authority Grants Global Securities Company Operating License to Engage in Foreign Exchange Trading

Capital Market Authority Grants Global Securities Company Operating License to Engage in F...

SadaNews - The Capital Market Authority announced the granting of an operating license to Global Securities Company to conduct business in non-regulated foreign exchanges (Forex), following the company's completion of all necessary technical and legal requirements, including the requirements for con...