Day: August 7, 2024

Shaqra, The fourth Shaqra Pepper Festival, which concluded yesterday, was a resounding success, helping sell large quantities of the region’s distinctive peppers and pepper-based products.

The event drew significant attention from government entities and enjoyed a massive turnout of over 91,000 visitors from all over the Kingdom.

Attendees enthusiastically engaged in the diverse activities at the festival, which helped increase sales and profits for farmers.

Organized by the National Agricultural Services Company, the 10-day festival generated noticeable economic and social activity. It featured sales and marketing of peppers and various agricultural products, alongside a wide array of events, activities and programs that appealed to visitors of all ages.

Source: Saudi Press Agency

Oil prices rose on Wednesday from their lowest levels in several months, amid concerns that production will be affected by rising tensions in the Middle East.

Brent crude futures rose in European markets by $1.10, or 1.4 %, to $77.58 a barrel, while US West Texas Intermediate crude rose by $1.05, or 1.4 %, to $74.25.

Prices fell earlier in today’s session after US data showed an unexpected increase in crude oil and gasoline inventories.

The U.S. Energy Information Administration is due to release weekly inventory data later today.

Crude oil prices broke a three-session losing streak on Tuesday, as Middle East unrest continued to stoke supply concerns in today’s trading session.

Brent crude futures fell to their lowest levels since early January on Monday, and West Texas Intermediate crude futures touched their lowest levels since February as global stocks tumbled amid fears of a possible U.S recession after weak jobs data.

Source: National Iraqi News Agency

The Ministry of Planning held a joint meeting today, Wednesday, with representatives of the World Bank, to discuss the progress made in implementing projects funded by the World Bank, and the problems and obstacles facing their implementation.

The Director General of the Sector Planning Department in the Ministry, Basem Dhari, said in a statement: The meeting came to discuss the progress made in implementing projects funded by the World Bank, in addition to discussing the problems and obstacles presented to the ministry, especially in terms of inclusion and release of disbursement and taxes.

He stressed “the agreement to form multiple teams by the ministries concerned with follow-up from the ministry to solve all problems and obstacles, and follow up on the implementation of projects funded by the World Bank, in order to accelerate the pace of work in completing those projects.

Source: National Iraqi News Agency

Bethlehem Ma’an – Hebrew websites revealed that the cost of Israeli Prime Minister Benjamin Netanyahu’s last trip on board the Zionist Wing plane to the United States amounted to $520,000, or about 2 million shekels.

Channel 7 reported that Netanyahu’s trip to Florida to meet former President Donald Trump cost $73,000 (about NIS 300,000).

Israeli Defense Ministry representative Tami Roditch said, “Maintenance of the aircraft costs 47 million shekels over 5 years, or 8.1 million shekels annually.”

The head of the main aircraft group revealed that the cost of Netanyahu’s trip to the United States on a Wing Zion aircraft saved the country about half a million dollars, compared to El Al’s offer for the price of this complex trip. El Al’s offer was $980,000 without the flight to Florida.

Source: Maan News Agency

Ramallah – Ma’an – The Ministry of National Economy said on Wednesday that the food stock in the northern governorates meets citizens’ needs for six months and flour for three months.

It added, “The supply chain of goods to the Palestinian market continues for various goods and items, and there is follow-up and coordination with suppliers to take the necessary precautions regarding preserving the stock.

The ministry indicated that purchasing activity in the market is stable and there has been no significant increase in the demand for any commodity, due to the sharp decline in citizens’ purchasing power and spending according to need and benefiting from previous experiences, especially the Corona crisis. The

ministry indicated that monitoring and follow-up operations of commercial movement between cities, especially in the northern governorates of the West Bank, face difficulties and obstacles as a result of the Israeli restrictions imposed on the movement of individuals and goods, including closures, check
points and continuous raids.

The ministry stressed the intensive control efforts implemented by the teams to control and organize the market, which resulted in the seizure of 142 tons of damaged goods, of which Israeli products constituted 72% of these seizures during last July.

Source: Maan News Agency

Ramallah – Ma’an – The Palestine Islamic Bank launched the “For Every Student” campaign for university students, which aims to encourage students to use electronic payment solutions in payment transactions.

The campaign includes opening a savings account, issuing a prepaid card and an ATM card for free, with the opportunity to enter a draw for 20 cash prizes worth $100 each, in addition to an instant gift when opening an account at the bank. The student’s chances of winning increase with every payment transaction using cards or when paying through the E-SADAD service.

The General Manager of the Palestine Islamic Bank, Dr. Imad Al-Saadi, said that this campaign aims to encourage university students to use electronic payment solutions and stop using the traditional method of payment, as they are considered the future generation and have a great influence on society and shaping its orientations, stressing that using these cards and the E-SADAD service does not entail any additional costs for customers, and it
saves them time and effort and is available around the clock.

Al-Saadi added: ‘This campaign is in line with our digital transformation strategy and our efforts to encourage customers to use digital financial services and electronic payment solutions and reduce the use of cash payments, given the importance of this in increasing levels of financial inclusion and enhancing economic development in Palestine.’

It is noteworthy that more details related to the campaign can be viewed by visiting the bank’s website http://www.pib.ps

The mission and vision of the Palestine Islamic Bank revolve around excellence in providing modern and secure banking and investment solutions in accordance with the provisions of Islamic Sharia. It also sets a well-thought-out strategy to proceed with the digital transformation process, which resulted in the launch of pioneering digital services through an easy and secure environment that enhances the digital experience for individual and corporate customers. The bank is also consid
ered the largest Islamic banking network in Palestine, including 43 branches and offices and more than 100 ATMs.

Source: Maan News Agency

Ramallah – Ma’an – The Palestine Islamic Bank launched the “For Every Student” campaign for university students, which aims to encourage students to use electronic payment solutions in payment transactions.

The campaign includes opening a savings account, issuing a prepaid card and an ATM card for free, with the opportunity to enter a draw for 20 cash prizes worth $100 each, in addition to an instant gift when opening an account at the bank. The student’s chances of winning increase with every payment transaction using cards or when paying through the E-SADAD service.

The General Manager of the Palestine Islamic Bank, Dr. Imad Al-Saadi, said that this campaign aims to encourage university students to use electronic payment solutions and stop using the traditional method of payment, as they are considered the future generation and have a great influence on society and shaping its orientations, stressing that using these cards and the E-SADAD service does not entail any additional costs for customers, and it
saves them time and effort and is available around the clock.

Al-Saadi added: ‘This campaign is in line with our digital transformation strategy and our efforts to encourage customers to use digital financial services and electronic payment solutions and reduce the use of cash payments, given the importance of this in increasing levels of financial inclusion and enhancing economic development in Palestine.’

It is noteworthy that more details related to the campaign can be viewed by visiting the bank’s website http://www.pib.ps

The mission and vision of the Palestine Islamic Bank revolve around excellence in providing modern and secure banking and investment solutions in accordance with the provisions of Islamic Sharia. It also sets a well-thought-out strategy to proceed with the digital transformation process, which resulted in the launch of pioneering digital services through an easy and secure environment that enhances the digital experience for individual and corporate customers. The bank is also consid
ered the largest Islamic banking network in Palestine, including 43 branches and offices and more than 100 ATMs.

Source: Maan News Agency