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Oil Prices Decline Amid Demand Concerns
SadaNews- Oil prices fell during trading on Thursday, September 18, following the U.S. Federal Reserve's decision to implement its first interest rate cut of the year, amid concerns regarding crude demand levels.
In trading terms, Brent crude futures dropped about 0.3% to $67.76 per barrel, while U...
Gold Falls as Dollar Rises Following U.S. Rate Cut
SadaNews Economy - Gold prices declined from their all-time high during trading on Thursday, September 18, as investors absorbed remarks from U.S. Federal Reserve Chair Jerome Powell in his speech following the bank's decision to cut interest rates by 25 basis points.
The Federal Reserve revealed t...
Currency Exchange Rates Against the Shekel on Thursday (September 18)
SadaNews - The currency exchange rates against the shekel today, Thursday (September 18), are as follows:
Gulf Banks Lower Interest Rates Following Federal Reserve Decision
SadaNews - Several Gulf central banks announced on Wednesday the reduction of interest rates following a similar decision by the U.S. Federal Reserve.
The Saudi Central Bank (SAMA) decided to cut the repo rate by 25 basis points to 4.75%, and to lower the reverse repo rate by 25 basis points to 4.2...
In Line With Expectations.. The Federal Reserve Cuts Interest Rates by 25 Basis Points for...
SadaNews - The Federal Reserve has cut interest rates by 25 basis points in support of the U.S. labor market after cracks started to appear, abandoning the wait-and-see policy it had followed since the end of last year.
The Federal Open Market Committee voted on Wednesday to reduce the benchmark in...
To Alleviate the Financial Burden on Students' Families.. Bank of Palestine Provides Schoo...
SadaNews - The Bank of Palestine, in collaboration with several partners, has distributed over 6,500 complete school bags along with stationery to students in schools across all governorates, aiming to alleviate the financial burden on parents as the new academic year begins.
The campaign targete...
The European Union Announces Suspension of Some Clauses of the Partnership Agreement with...
SadaNews Translation - Following the announcement by European Commission President Ursula von der Leyen in the State of the Union address, the European Commission today presented its proposal to the Council of the European Union to suspend certain trade-related clauses in the Partnership Agreement b...
Economy: Practical Measures to Combat Local Market Flooding and Enhance Competitiveness
SadaNews Economy - The Ministry of National Economy announced today, Wednesday, that a set of executive measures to combat the flooding of the local market with low-value and low-specification products, approved by the Cabinet, has come into effect.
The Ministry confirmed that policies and procedur...
Seizure of Household Furniture Produced by Settlements in Jericho Governorate
SadaNews - The customs enforcement agency seized today, Wednesday, in Jericho Governorate, a truck with an Israeli license plate loaded with household furniture and furnishings produced by a settlement west of Salfit Governorate, following accurate intelligence efforts and diligent field monitoring....
Internet and Landline Service Outage in Gaza and Northern Gaza
SadaNews - The Palestinian telecommunications company announced a disruption in fixed internet services and landline communications in the Gaza and North Gaza governorates.
The company stated that "this outage is due to the targeting of several major supply routes to the region amid the ongo...
Stability in Oil Prices After Three Days of Gains
SadaNews - Oil prices stabilized after three days of gains, as investors assess the implications of the recent Ukrainian strikes on Russian oil facilities, amid expectations of a surplus in supply in the coming months.
Brent crude traded above $68 per barrel after a 3.2% rise over the past three se...
Gold Price Exceeds Recent Gains Supported by Market Expectations for Interest Rate Cuts
SadaNews - The price of gold maintained its recent gains, surpassing the $3700 per ounce mark for the first time ever, supported by market expectations for interest rate cuts in the Federal Reserve meeting on Wednesday.
The precious metal traded near $3694 per ounce on Wednesday morning, only abo...