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The Monetary Authority Closes Several Exchange Shops and Imposes Fines on Others for Viola...
SadaNews Economy - The Monetary Authority has issued a decision to close several exchange shops/companies for violating the provisions of Instruction No. (01) for the year 2024 regarding the exchange rates of major currencies. This decision involved the closure of some shops or their branches, based...
Saudi Arabia Attracts $533 Million in First Off-Market Debt Trading
SadaNews - Saudi Arabia is witnessing new activity in debt trading following the launch of the off-market settlement option for sovereign riyal bonds, as part of the Kingdom's efforts to develop its financial markets and attract more foreign investors.
Approximately 2 billion riyals ($533 million)...
The Dollar Drops Near Its Lowest Level in 3.5 Years
SadaNews - The US dollar stabilized near its lowest levels since February 2022 against a basket of major currencies during Wednesday's trading, influenced by cautious signals from Federal Reserve Chairman Jerome Powell, alongside concerns over the potential repercussions of the massive spending bill...
Saudi Arabia and Morocco Map Out a Roadmap to Enhance Trade and Investment
SadaNews - Morocco and Saudi Arabia are seeking to increase trade exchanges and enhance the flow of investments by taking advantage of available opportunities, especially as both countries prepare to host the World Cups in 2030 and 2034, respectively.
Saudi Arabia achieves a significant trade surpl...
Amid Financial Concerns in the United States, Gold Holds onto Its Gains
SadaNews - Gold retained its gains as investors assessed the concerns surrounding the financial situation in the United States, after the Senate approved a tax package supported by President Donald Trump, valued at trillions of dollars.
The price of gold settled around $3,340 per ounce, after risin...
Anticipated Agreement between Washington and Congo on Rare Minerals.. Trump Advisor Reveal...
SadaNews - The United States is working to establish a mechanism to ensure the implementation of the peace agreement between Rwanda and the Democratic Republic of the Congo, while negotiating with Kinshasa on an agreement regarding rare minerals.
Masad Boulus, President Donald Trump's advisor on Af...
Currency Exchange Rates Against the Shekel on Wednesday (July 2)
SadaNews - The exchange rates of currencies against the shekel today, Wednesday (July 2), are as follows:
Monetary Authority Issues Instructions to Banks to Raise the Percentage of Electronic Depo...
SadaNews Economy - The Monetary Authority has issued instructions to banks operating in Palestine, mandating an increase in the percentage of electronic deposits at fuel stations to 50% of their total deposits (sales). This move is part of efforts to reduce the excess liquidity in shekels and promot...
Ministry of Economy Closes a Commercial Shop in Ramallah and Al-Bireh Governorate for Deal...
SadaNews Economy - The Ministry of National Economy in Ramallah and Al-Bireh Governorate, in cooperation with the customs authority and the Veterinary Directorate of the Ministry of Agriculture, closed a commercial shop today, Tuesday, by decision of the public prosecution to combat economic crimes....
Brussels Shows Willingness to Accept Trump's Tariffs and Calls for Reductions on Specific...
SadaNews - The European Union has expressed its readiness to accept a trade agreement with the United States that includes a comprehensive 10% tariff on many of the bloc's exports, but it wants a commitment from the U.S. to reduce tariffs on key sectors such as pharmaceuticals, alcoholic beverages,...
Oil Continues to Drop Amid Anticipation of OPEC+ Decision on Production Cuts
SadaNews - Oil prices fell for the second consecutive day, nearing their lowest levels since early June, as attention shifts to the potential increase in production by the OPEC+ alliance over the weekend.
Brent crude traded below $67 a barrel, while West Texas Intermediate crude approached $65.
Th...
Exchange Rates of Currencies Against the Shekel on Tuesday (July 1)
SadaNews - The exchange rates of currencies against the shekel today, Tuesday (July 1), are as follows: