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Turkish Sovereign Wealth Fund Among the Top 10 in the World
SadaNews - The Turkish Sovereign Wealth Fund "TWF" has entered the list of the world's top 10 sovereign wealth funds, after finishing last year with assets amounting to $360 billion, according to a report by the International Sovereign Wealth Fund Institute "Global SWF".
Successes and Expansion
A...
Currency Exchange Rates Against the Shekel (September 20)
SadaNews Economy - The exchange rates of currencies against the shekel today, Saturday (September 20), are as follows:
-Dollar: 3.33
-Dinar: 4.69
-Euro: 3.91
Germany Suspends Aid Initially Planned for the Palestinian Authority
SadaNews - Members of the German parliament from the Christian Union opposed providing an additional financial aid of €30 million to the Palestinian Authority, which led to the suspension of the first payment of this aid.
The purpose of providing this aid is to compensate for the tax revenue...
Trump Declares War on the Media, Threatening to Revoke Licenses of Critics
SadaNews - US President Donald Trump threatened to revoke the licenses of television networks that attack him, in a significant escalation against media freedom. This comes after ABC network suspended Jimmy Kimmel's show following controversial comments. Trump filed a $15 billion lawsuit against...
Consumer Association Delegation Briefs Economy Minister on Final Preparations for Launchin...
SadaNews Economy - Yesterday, National Economy Minister Abu Youssef Al-Amour received a delegation from the Consumer Association for Public Employees, headed by Bassam Zakarneh, the association's president. The delegation included Dr. Faisal Al-Attari, the treasurer, and Haidar Hijja, chairman o...
Gold Price Continues to Decline amid Caution Over the Pace of Interest Rate Cuts
SadaNews Economy - The price of gold continued to decline, as traders remain cautious about future interest rate cuts by the U.S. Federal Reserve and the rise of the dollar has stifled the recent increase in the precious metal.
Gold was trading near $3,647 an ounce, about $60 lower than its histori...
Exchange Rates of Currencies Against the Shekel (September 19)
SadaNews Economy - The exchange rates of currencies against the shekel today, Friday (September 19), are as follows:
-Dollar: 3.33
-Dinar: 4.71
-Euro: 3.93
4 Key Indicators on Wall Street Reach Record Levels After Interest Rate Cut
SadaNews Economy - Four major U.S. stock indices soared to all-time highs in perfect harmony yesterday, Thursday, as risk appetite dominated Wall Street after the Federal Reserve announced its first interest rate cut of the year, hinting at more actions to come in the future.
The "Russell 2000" ind...
Netanyahu Sparks Economic Storm with Call to Transform Israel into Sparta
SadaNews - Israeli Prime Minister Benjamin Netanyahu's statement, made a few days ago, that Israel "will have to adapt to an autarkic economy due to its diplomatic isolation, and become a great Sparta," has sparked widespread controversy and sharp division among economists. Experts described it as a...
Opening of a New Branch of the Traffic Department and a Dynamometer Testing Center in Rawa...
SadaNews Economy - In a significant step aimed at enhancing the government service infrastructure and facilitating citizens' lives, a branch of the Traffic Department and the "Rawabi Dynamometer" technical inspection center for vehicles was opened in Rawabi City, in the presence of the Minister of L...
The Governor of the Monetary Authority Participates in the Annual Meetings of the Council...
SadaNews - The esteemed Governor of the Palestinian Monetary Authority / Governor of the State of Palestine at the Arab Monetary Fund, Mr. Yahya Shanar, participated in the 49th annual meeting of the Council of Governors of Arab Central Banks and Monetary Authorities, which was held in the Republic...
Jordan's Central Bank Reduces Interest Rates by 25 Basis Points
SadaNews Economy - The Central Bank of Jordan, in its sixth meeting of this year, has decided to lower the main interest rates and other monetary policy instrument rates by 25 basis points, effective next Sunday.
This decision comes based on the committee's assessment of the economic, monetary, and...