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Saeed Douikat Appointed CEO of Palestine Industrial Investment Company "PADICO Industries"
SadaNews - Palestine Industrial Investment Company "PADICO Industries" announced the appointment of Dr. Saeed Youssef Douikat as the new CEO of the company.
Dr. Saeed Youssef Douikat has over 22 years of experience in executive and operational management, industrial development, strategic planning,...
Unlicensed Internet Network Linked to an Israeli Company Discovered in Ramallah and Al-Bir...
SadaNews - The teams of the Telecommunications Regulatory Authority, in cooperation with the Customs Control Department, discovered a local company distributing internet service using wireless communication (Wi-Fi) technology, after being provided the service from an Israeli telecommunications compa...
Lucid Lowers 2025 Production Forecast Due to "Challenging Economic Conditions"
SadaNews - Lucid Group has lowered its forecast for electric vehicle production for the entire year, becoming the latest automaker to scale back its ambitions for 2025.
The company announced in its second-quarter earnings statement on Tuesday that it now expects to produce between 18,000 and 20,000...
After a Wave of Losses Lasting 4 Days.. Oil Prices Stabilize
SadaNews - Oil prices stabilized after a wave of losses that lasted four days, as investors ignored U.S. President Donald Trump's threat to impose secondary tariffs on buyers of Russian energy, while American data indicated a slowdown in the largest economy in the world.
Brent crude traded below $6...
Gold Records Longest Winning Streak Since February
SadaNews - Gold prices maintained their longest winning streak since February, supported by increasing concerns over a slowdown in the U.S. economy, which boosted demand for safe-haven assets, along with traders' bets on interest rate cuts.
The price of the precious metal stabilized in early Asian...
Exchange Rates of Currencies Against the Shekel on Wednesday (August 6)
SadaNews - The exchange rates of currencies against the shekel today, Wednesday (August 6), are as follows:
Norway Plans to Review its Sovereign Fund Investments in Israel
SadaNews Economy - The Norwegian government announced on Tuesday that it has ordered a review of its sovereign wealth fund portfolio to ensure the divestment from Israeli companies contributing to the entrenchment of the occupation of the West Bank or the war in Gaza.
This review comes after a repo...
SadaNews - The Shahid Center Meets with the French Consulate as Part of Its Campaign to Su...
SadaNews - The Shahid Center for Citizen Rights and Community Development launched its initiative to encourage countries around the world to recognize the State of Palestine by engaging with civil society organizations, parliamentarians, and decision-makers in several countries, especially in Europe...
The Clearance and Accumulation of Shekels: Political Crises Driven by Politics, Not Money
Exclusive Economy SadaNews- Amid the accumulating complexities in the economic relationship between Palestine and Israel, the crisis of clearance and the accumulation of shekels in banks operating in Palestine emerges not merely as a financial challenge but also as a political issue that necessitate...
The Governor of the Monetary Authority Discusses Developments in the Banking Sector in Pal...
SadaNews Economy - The Governor of the Monetary Authority, Yahya Shanar, met today at the Monetary Authority headquarters with the Australian Representative to Palestine, Ms. Bethany Randal, in the presence of Deputy Governor Mr. Muhammad Manasra, and several officials from both sides.
During the m...
Jordan's Central Bank Regulates the Use of Artificial Intelligence in the Banking Sector
SadaNews - The Central Bank of Jordan announced the release of a regulatory framework for the use of artificial intelligence in the Jordanian banking sector, in a strategic move aimed at supporting innovation and ensuring the safe and responsible use of modern technologies, thereby enhancing the cou...
Hebrew Report: Israel Races Toward a Political and Economic Abyss
SadaNews Economy - The Hebrew economic newspaper "Calcalist" paints a conflicting picture of the situation in Israel, combining a significant economic achievement represented by a massive $25 billion technology deal, and the accelerating diplomatic decline reflected in financial pressures, commercia...