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Gold Rises to a New Record Level Following U.S. Jobs Data
SadaNews - The price of gold has reached a new record level after U.S. jobs data came in weaker than expected, as the precious metal is on track to post weekly gains for three consecutive weeks, thanks to increased bets on interest rate cuts by the Federal Reserve later this month.
The price of an...
Smotrich Threatens the Governor of the Bank of Israel: If He Doesn't Lower Interest Rates,...
SadaNews Economy Translation - Israeli Finance Minister Bezalel Smotrich said in a meeting with the Business Sector Leadership that the Governor of the Bank of Israel should have lowered interest rates a long time ago, and if he does not, I will lower taxes.
The Hebrew economic newspaper Calcalist...
Currency Exchange Rates Against the Shekel (September 5)
SadaNews Economy - The currency exchange rates against the shekel today, Friday (September 5), are as follows:
-Dollar: 3.34
-Dinar: 4.71
-Euro: 3.90
The Monetary Authority Completes Linking Government Institutions to the E-SADAD Platform
SadaNews Economy - The Governor of the Monetary Authority, Yahya Shanar, announced the completion of linking most government ministries and institutions to the E-SADAD platform, allowing citizens to pay the fees for the services provided by these government institutions electronically at any time wi...
"Goldman Sachs": Gold Prices May Reach $5000 per Ounce
SadaNews - Goldman Sachs has stated that gold prices could soar to nearly $5000 per ounce if the credibility of the Federal Reserve is damaged, and investors decide to shift only a small portion of their holdings in U.S. Treasury bonds into the yellow metal.
The bank's analysts, including Samantha...
Announcement of Power Outage in Areas of Ramallah, Al-Bireh, and Bethlehem Governorates
SadaNews: The Jerusalem District Electricity Company announces, with regret, the necessity of cutting off electricity from 9:00 AM to 4:00 PM on Saturday, 6/9/2025, in the following areas of Ramallah and Al-Bireh Governorate:
-Parts of Kharbatha Bani Harith including the wedding halls and surroundi...
Budget on the Brink of Collapse: Israel Faces Financial and Political Paralysis Before the...
SadaNews - As the countdown nears its end for the legal deadline to present the 2026 budget proposal, the Israeli government appears to be heading into the unknown. According to a report by the Hebrew economic newspaper "Calcalist," the Israeli government has not moved an inch towards prep...
Ministry of Labor announces the disbursement of a new financial aid package to assist work...
SadaNews - As part of the Ministry of Labor's ongoing efforts and in collaboration with partners to support workers in Gaza, the 18th financial aid package will be disbursed to assist Gaza workers in the northern governorates. The Ministry of Labor, the World Food Program, and the Humanitarian Fund...
Oil Prices Decline for the Twelfth Consecutive Day
SadaNews - Oil prices fell for the second consecutive day, influenced by trader concerns regarding the potential for the "OPEC+" alliance to raise production, alongside indications of an economic slowdown in the United States and industrial data showing an increase in inventories at a majo...
Palestinian Islamic Bank Launches 'Empowerment and Enhancement Program for Promising Femal...
SadaNews - The Palestinian Islamic Bank has launched the "Empowerment and Enhancement Program for Promising Female Employees," which aims to develop the bank's female employees and strategically, administratively, professionally, and personally empower them to take on future leadership...
E-SADAD Platform Records 1.1 Million Electronic Bill Payment Transactions
SadaNews - The E-SADAD platform, managed by the Palestinian Monetary Authority, recorded a milestone with over 1.1 million electronic bill payment transactions in August of this year.
The Monetary Authority stated that the increase in citizens’ use of the platform and electronic payment met...
Israeli Media: The Cost of Occupying Gaza is Between 20 - 25 Billion Shekels
SadaNews Economy - The Israeli Broadcasting Authority stated that the anticipated Israeli military operation to occupy the city of Gaza may cost between 20 and 25 billion shekels (5.9 – 7.3 billion dollars).
The authority added that the National Security Council and the Ministry of Finance discusse...