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TikTok Decides to Sell Its U.S. Unit to American Investors
SadaNews Economy - The company "ByteDance", the owner of the "TikTok" application, has signed a deal to sell its unit in the United States to a joint venture controlled by American investors, according to a memo from TikTok's CEO that was reviewed by Reuters.
The deal is set to be completed on Janu...
Currency Exchange Rates Against the Shekel (December 19)
SadaNews Economy - The exchange rates of currencies against the shekel today, Friday (December 19), are as follows:
-Dollar: 3.20
-Dinar: 4.51
-Euro: 3.75
The Economic Empowerment Foundation Confirms Its Full and Steadfast Commitment to Implemen...
SadaNews - The Palestinian National Economic Empowerment Foundation confirmed today, Thursday, its complete and unwavering commitment to implement Decree-Law No. (4) of 2025 regarding the establishment of a unified social protection and welfare system, and the annulment of previous legislation relat...
The Monetary Authority Completes Amendments to the Draft Law for Reducing Cash Usage
SadaNews - The Monetary Authority has confirmed that it has completed the technical and legal amendments to the draft law for reducing cash usage, following an extensive dialogue meeting held to discuss the project, which saw wide participation from representatives of official, economic, financial,...
Smotrich Threatens New Deduction from Palestinian Clearance Under the Title 'Waste'
Translation by SadaNews: Israeli Finance Minister Bezalel Smotrich announced that his government will obligate the Palestinian Authority to bear the costs of waste removal if it fails to do so, stressing that these expenses will be deducted from the Authority's own resources.
Smotrich explain...
Site 972+: Warnings of an Imminent Collapse of the Israeli Extermination Economy
SadaNews - The Israeli economist Shir Hever, who studies the economic aspects of the Israeli occupation of Palestinian territories, explains how the war mobilization in Gaza has supported a "zombie" economy that appears to be functioning but lacks any future prospects.
Writer Amos Brinson from the...
Egypt and Jordan Sign Contract for Electric Power Exchange for 2026
SadaNews - Egypt and Jordan have signed a new contract for the exchange of electric power for 2026, as part of strengthening bilateral cooperation between the two countries in the field of energy and electrical connectivity.
Egypt's Minister of Electricity and Renewable Energy, Mohamed Ismat, state...
Housing Bank Contributes to Covering the Needs of the National Newborn Hearing Screening P...
SadaNews - Driven by its commitment to enhance its community role and its continuous effort to strengthen partnership with health and national institutions, the Housing Bank contributed to covering the needs of the National Newborn Hearing Screening Program implemented by the Palestine Think Tank in...
Quds Bank Holds Annual Meeting to Review Performance and Plans for the Next Phase
SadaNews - As part of its institutional approach aimed at evaluating performance and outlining the features of the upcoming phase, Quds Bank held its annual meeting in the presence of the Chairman of the Board Akram Jarab, board members, CEO Muhammad Shawar, department heads, and section managers. T...
US sanctions may force Venezuela to close oil wells within days
SadaNews - Venezuela may soon have to start closing some oil wells due to a lack of storage capacity, following the seizure of a tanker last week and the United States' plans to prevent other sanctioned ships.
According to people familiar with the situation who requested anonymity because the infor...
Exchange Rates of Currencies Against the Shekel Thursday (December 18)
SadaNews - The exchange rates of currencies against the shekel today, Thursday (December 18), are as follows:
Oil Prices Continue to Rise Amid Escalating Geopolitical Tensions
SadaNews - Oil prices rose for the second consecutive day, as the geopolitical risks stretching from Venezuela to Russia outweighed the negative global supply forecasts.
Brent crude, the global benchmark, initially rose to nearly $61, before pulling back some gains during the day after U.S. Preside...