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Gold Prices Rise with Powell's Hint at Interest Rate Cut in September
SadaNews - Gold prices rose as the dollar weakened after Federal Reserve Chair Jerome Powell cautiously opened the door to a potential interest rate cut in September, indicating increasing risks facing the labor market despite ongoing inflation concerns.
In a speech delivered on Friday during the a...
Washington Post: Can the News Industry Stand Up to Artificial Intelligence?
SadaNews - Writer Adam Lashinsky, in an opinion piece published by the Washington Post, believes that the news industry faces an unprecedented challenge against generative artificial intelligence technologies, as new models appropriate intellectual property without permission, leading to a decline i...
US Federal Reserve Chairman Opens Door for Possible Rate Cut Without Clear Commitment
Sada News - Federal Reserve Chairman Jerome Powell opened the door on Friday for a possible interest rate cut during the bank's meeting in September; however, he did not make a clear commitment to that.
This statement was made in a speech at the bank's annual seminar in Jackson Hole, Wyoming, where...
The Palestinian Banking Sector Under Fire... While Major Companies Quietly Profit Without...
Exclusive SadaNews Economy: As the Palestinian banking sector faces widespread public criticism following the publication of its annual profits through the Palestine Stock Exchange, major Palestinian companies continue to achieve huge profits silently, without disclosing their financial data or maki...
75 Companies Applied for a License to Operate Commercial Drone Flights in Jordan
SadaNews Economy - Seventy-five companies have applied for a license to operate commercial drone flights in Jordan, according to Captain Haitham Mesto, the head of the Civil Aviation Regulatory Commission, who noted that the number is increasing.
Mesto delivered the first operating license for a co...
German Central Bank Warns: Potential Recession in the Third Quarter
SadaNews Economy - Estimates from the German central bank indicate that the German economy is unlikely to achieve significant leaps in this ongoing quarter, as mentioned in the bank's report for August, published in Frankfurt on Thursday.
The bank stated in its monthly report: "In the third quarter...
Gold prices stabilize as bets on rate cuts decline ahead of Powell's speech
SadaNews Economy - Gold prices stabilized today, as traders scaled back their bets on interest rate cuts ahead of the Federal Reserve symposium in Jackson Hole, following strong data from the U.S. manufacturing sector that heightened monetary policymakers' concerns about inflation.
The precious met...
Oil Prices Stabilize as India-Russia Relations Remain in Focus Ahead of Tariffs
SadaNews Economy - Oil prices stabilized as the market assesses expectations for Russian oil flow to India, after a Trump administration official intensified criticism of this trade ahead of an anticipated increase in tariffs.
The price of West Texas Intermediate crude approached $63 per barrel, re...
Currency Exchange Rates Against the Shekel (August 22)
SadaNews Economy - The currency exchange rates against the shekel today, Friday (August 22), are as follows:
Dollar: 3.41
Dinar: 4.81
Euro: 3.95
Video: In Amman… Quds Bank announces a stand with the city of Jerusalem to support health...
SadaNews Economy - As part of its annual activities to support Jerusalem, the Bayt Al-Maqdis Forum organized a unique event in the Jordanian capital, Amman, dedicated this year to supporting the medical sector in the city, with the presence of prominent figures from Palestine and Jordan, including f...
Israeli Majority Prefer Saving in Banks, Arabs Less than Jews
SadaNews Economy Translation - Data from the Israeli Central Bureau of Statistics shows that about 60% of Israelis saved money during the past year, half of which was through banks, and only one-fifth through the capital market.
According to the data, banks remain the preferred choice for savings,...
The Construction Crisis Moves the File.. Secret Efforts to Bring Palestinian Workers Back...
SadaNews - The Israeli channel i24NEWS revealed that the President of the occupying state, Isaac Herzog, is secretly working to revive a previously removed initiative from the agenda, which is the return of Palestinian workers to Israel under strict security measures, given the current economic cris...