Press Arabia

Ramallah – Ma’an – The Palestinian Central Bureau of Statistics said that the consumer price index in Palestine recorded an increase of 1.72% during August 2024 compared to July 2024, by 1.96% in the Gaza Strip, 1.55%, and 1.32% in Jerusalem.

The statistics explained in a statement, today, Thursday, that the increase in prices in Palestine resulted from the increase in the prices of fresh vegetables by 40.53%, the prices of potatoes by 29.69%, the prices of dried vegetables by 24.32%, the prices of eggs by 17.90%, the prices of fresh fruits by 6.24%, the prices of liquid fuels used as fuel for cars (gasoline) by 2.95%, the prices of vegetable oils by 1.90%, and the prices of fresh chicken by 1.52%, despite the decrease in the prices of liquid fuels used as fuel for cars (diesel) by 11.59%.

He pointed out that when comparing prices during August 2024 with August 2023, the data indicates an increase in the consumer price index in Palestine by 53.17% (by 248.36% in the Gaza Strip, by 4.70% in Jerusalem, and by
3.00% in the West Bank).

The cost of living index in the Gaza Strip rises

The consumer price index in the Gaza Strip recorded an increase of 1.96% during August 2024 compared to July 2024.

The main reason for the rise in the cost of living index in the Gaza Strip is the rise in commodity prices. The prices of the following commodities in the Gaza Strip rose to an average of: greenhouse tomatoes 20 shekels/kg, zucchini 14 shekels/kg, eggplant 10 shekels/kg, hot peppers 52 shekels/kg, greenhouse cucumbers 15 shekels/kg, potatoes 12 shekels/kg, dried onions 9 shekels/kg, dried garlic 22 shekels/kg, eggs 38 shekels/2kg, Kamaj bread 3.25 shekels/kg, lemons and bananas 11 shekels/kg each, apples 19 shekels/1kg, sea bream 140 shekels/kg, gasoline 160 shekels/liter, and olive oil 60 shekels/kg. It should be noted that the price levels of these commodities are still much higher than they were before the aggression. Israeli occupation of the Gaza Strip.

The cost of living index in the West Bank has risen:

The cons
umer price index in the West Bank recorded an increase of 1.55% during August 2024 compared to July 2024, due to the increase in the prices of fresh vegetables by 38.57%, the prices of potatoes by 19.93%, the prices of eggs by 17.94%, the prices of dried vegetables by 9.96%, the prices of fresh chicken by 9.08%, the prices of fresh fruits by 2.39%, and the prices of vegetable oils by 1.09%, despite the decrease in the prices of liquid fuels used as fuel for cars “diesel” by 2.82%, and “gasoline” by 1.05%.

The prices of the following commodities in the West Bank increased to an average of: cluster tomatoes 10 shekels/kg, zucchini 8 shekels/kg, eggplant 4 shekels/kg, cauliflower 7 shekels/kg, cabbage 6 shekels/kg, greenhouse cucumbers 5 shekels/kg, potatoes 6 shekels/kg, eggs 21 shekels/2kg, dried onions 4 shekels/kg, chicken 16 shekels/kg, dates 12 shekels/1kg, avocado 19 shekels/1kg, and olive oil 35 shekels/kg.

The cost of living index in Jerusalem is rising:

The consumer price index in Jerusalem recorded
an increase of 1.32% during August 2024 compared to July 2024, as a result of the increase in the prices of fresh vegetables by 23.92%, the prices of imported cigarettes by 13.29%, the prices of fresh fruits by 4.01%, the prices of dried vegetables by 3.97%, and the prices of cereal flour “white flour” by 2.60%, despite the decrease in the prices of vegetable oils by 4.16%, the prices of liquid fuels used as fuel for cars “diesel” by 0.95%, “gasoline” by 0.95%, and the prices of fresh chicken by 0.82%.

The prices of the following goods increased in Jerusalem, reaching an average of: cluster tomatoes 15 shekels/kg, zucchini 12 shekels/kg, eggplant 7 shekels/kg, cauliflower and cabbage 9 shekels/kg each, Marlboro cigarettes 39 shekels/pack of 20 cigarettes, Winston cigarettes 37 shekels/pack of 20 cigarettes, lemons 8 shekels/kg, bananas 6 shekels/1kg, apples 12 shekels/1kg, pears 13 shekels/kg, avocados 25 shekels/1kg, dried onions 5 shekels/kg, and white flour 6 shekels/kg.

Source: Maan News Agency

Together – Cryptocurrency trading has become an exciting adventure for many investors around the world. Among all the cryptocurrencies, Bitcoin stands out. It is a new type of decentralized digital currency that has changed the way we think about financial assets. Bitcoin started with the cypherpunk movement in the 1990s, and it began to appear and spread since 2009 by Satoshi Nakamoto. This cryptocurrency allows people to send and receive money with complete security and privacy without the need for intermediaries. The price of Bitcoin has now reached about $ 1.19 trillion with 19.74 million coins in use. This currency is not managed by any government body or single group. Instead, it uses blockchain technology to be always available, secure and fair. This means that all Bitcoin transactions are public and cannot be completed twice. As for the future state, it is likely that there will only be 21 million Bitcoins in existence. The last one will be found by the year 2140.

What is cryptocurrency trading?

Cry
ptocurrency trading refers to the buying, selling, or exchanging of digital currencies for financial gain. This market operates 24/7, giving traders the opportunity to dive into this market at any time. Many investors seek to take advantage of price fluctuations, or in other words, buy when prices are low and sell when they are high. One of the biggest attractions of Bitcoin trading is its high potential for significant financial returns. However, it is important to remember that large profits come with risks.

Bitcoin’s Rise in Popularity

Bitcoin’s popularity has surged significantly over the past few years. It accounted for around 60% of the total cryptocurrency market investment value as of late 2023. One reason for this surge is increased interest from institutional investors. Large corporations and investment firms are now buying Bitcoin to diversify their portfolios. This interest is boosting its price significantly, further cementing its position as a leading currency.

Some Key Facts About Bitcoin

Bitcoin is the most widely traded cryptocurrency in the world, and represents the largest share of the cryptocurrency market.

The current price of Bitcoin is $60,245.55, with a 24-hour trading volume of $17.92 billion.

This currency has witnessed remarkable development in recent years, as it rose by an astonishing 9,000,000% between 2010 and 2020.

Bitcoin has a market cap of $1.19 trillion and a circulating supply of 19.74 million.

Bitcoin price has decreased by -1.17% in the last 24 hours, but it will recover and rise soon.

Bitcoin price volatility

The price of Bitcoin has changed a lot since its inception. It was worth just a fraction of a dollar in 2010. Now, its value changes dramatically. There are many things that affect the price fluctuations of Bitcoin, which makes it an interesting investment.

Bitcoin Price Trend Analysis

Keeping an eye on real-world estimates and statistics is essential for anyone who wants to trade. Bitcoin’s price doesn’t stay the same; it changes frequently.

In 2023,
its price has seen many ups and downs according to CoinMarketCap, ranging from a low of $16,000 in early 2023 to a high of $38,000 by the end of it.

In addition, it is necessary to look at the factors that drive these price changes, including:

Market demand: The more people want to buy Bitcoin, the more likely it will increase in price.

Economic factors: Global economic conditions can affect Bitcoin. Inflation rates or market crashes in traditional commodities usually lead to increased interest in Bitcoin.

Technological innovations: or any changes that occur in how this currency is used.

Latest Bitcoin Trends to Watch

The status and price of Bitcoin change regularly due to several different factors. This is due to the following:

Retailer Approval

As more businesses accept Bitcoin as a form of payment, this has boosted business and attracted new merchants. The more people use Bitcoin, the more attractive it becomes, and the higher its price will be.

Organization talks

Countries are discussing how
to regulate cryptocurrencies. Understanding the regulations can help traders make better decisions. Developments in this regulation could also significantly boost the value of Bitcoin.

Environmental impact

Environmental concerns surrounding Bitcoin mining are growing. Efforts to make mining more energy efficient could play a significant role in determining the future price of Bitcoin.

Tips for Successful Cryptocurrency Trading

For beginners entering the world of cryptocurrency trading , we recommend taking some of the following tips into consideration when trading Bitcoin:

Do your research well: Study market conditions and past price charts.

Manage your risks: Only invest what you can afford to lose and consider diversifying your investment portfolio.

Be aware of trading fees: Some platforms charge different prices for buying or selling Bitcoin.

Use a trusted platform: Make sure the trading platform has strong security and a good reputation.

Be patient: Emotions can affect your decision-making p
rocess, especially when there are price fluctuations. Waiting or sticking to a plan or strategy may lead to better results.

Source: Maan News Agency

Together – Cryptocurrency trading has become an exciting adventure for many investors around the world. Among all the cryptocurrencies, Bitcoin stands out. It is a new type of decentralized digital currency that has changed the way we think about financial assets. Bitcoin started with the cypherpunk movement in the 1990s, and it began to appear and spread since 2009 by Satoshi Nakamoto. This cryptocurrency allows people to send and receive money with complete security and privacy without the need for intermediaries. The price of Bitcoin has now reached about $ 1.19 trillion with 19.74 million coins in use. This currency is not managed by any government body or single group. Instead, it uses blockchain technology to be always available, secure and fair. This means that all Bitcoin transactions are public and cannot be completed twice. As for the future state, it is likely that there will only be 21 million Bitcoins in existence. The last one will be found by the year 2140.

What is cryptocurrency trading?

Cry
ptocurrency trading refers to the buying, selling, or exchanging of digital currencies for financial gain. This market operates 24/7, giving traders the opportunity to dive into this market at any time. Many investors seek to take advantage of price fluctuations, or in other words, buy when prices are low and sell when they are high. One of the biggest attractions of Bitcoin trading is its high potential for significant financial returns. However, it is important to remember that large profits come with risks.

Bitcoin’s Rise in Popularity

Bitcoin’s popularity has surged significantly over the past few years. It accounted for around 60% of the total cryptocurrency market investment value as of late 2023. One reason for this surge is increased interest from institutional investors. Large corporations and investment firms are now buying Bitcoin to diversify their portfolios. This interest is boosting its price significantly, further cementing its position as a leading currency.

Some Key Facts About Bitcoin

Bitcoin is the most widely traded cryptocurrency in the world, and represents the largest share of the cryptocurrency market.

The current price of Bitcoin is $60,245.55, with a 24-hour trading volume of $17.92 billion.

This currency has witnessed remarkable development in recent years, as it rose by an astonishing 9,000,000% between 2010 and 2020.

Bitcoin has a market cap of $1.19 trillion and a circulating supply of 19.74 million.

Bitcoin price has decreased by -1.17% in the last 24 hours, but it will recover and rise soon.

Bitcoin price volatility

The price of Bitcoin has changed a lot since its inception. It was worth just a fraction of a dollar in 2010. Now, its value changes dramatically. There are many things that affect the price fluctuations of Bitcoin, which makes it an interesting investment.

Bitcoin Price Trend Analysis

Keeping an eye on real-world estimates and statistics is essential for anyone who wants to trade. Bitcoin’s price doesn’t stay the same; it changes frequently.

In 2023,
its price has seen many ups and downs according to CoinMarketCap, ranging from a low of $16,000 in early 2023 to a high of $38,000 by the end of it.

In addition, it is necessary to look at the factors that drive these price changes, including:

Market demand: The more people want to buy Bitcoin, the more likely it will increase in price.

Economic factors: Global economic conditions can affect Bitcoin. Inflation rates or market crashes in traditional commodities usually lead to increased interest in Bitcoin.

Technological innovations: or any changes that occur in how this currency is used.

Latest Bitcoin Trends to Watch

The status and price of Bitcoin change regularly due to several different factors. This is due to the following:

Retailer Approval

As more businesses accept Bitcoin as a form of payment, this has boosted business and attracted new merchants. The more people use Bitcoin, the more attractive it becomes, and the higher its price will be.

Organization talks

Countries are discussing how
to regulate cryptocurrencies. Understanding the regulations can help traders make better decisions. Developments in this regulation could also significantly boost the value of Bitcoin.

Environmental impact

Environmental concerns surrounding Bitcoin mining are growing. Efforts to make mining more energy efficient could play a significant role in determining the future price of Bitcoin.

Tips for Successful Cryptocurrency Trading

For beginners entering the world of cryptocurrency trading , we recommend taking some of the following tips into consideration when trading Bitcoin:

Do your research well: Study market conditions and past price charts.

Manage your risks: Only invest what you can afford to lose and consider diversifying your investment portfolio.

Be aware of trading fees: Some platforms charge different prices for buying or selling Bitcoin.

Use a trusted platform: Make sure the trading platform has strong security and a good reputation.

Be patient: Emotions can affect your decision-making p
rocess, especially when there are price fluctuations. Waiting or sticking to a plan or strategy may lead to better results.

Source: Maan News Agency

The US Energy Information Administration (EIA) announced today an increase in crude oil, gasoline, and distillate inventories in the US over the past week.

The EIA, which serves as the statistical arm of the US Department of Energy, said in a report that crude oil inventories rose by 833,000 barrels to reach 419.1 million barrels last week, compared to expectations of a 987,000-barrel increase. It also added that crude oil stocks at the delivery hub in Cushing, Oklahoma, fell by 1.7 million barrels, while refinery crude runs decreased by 141,000 barrels per day. Refinery utilization rates dropped by 0.5 percentage points last week.

The report noted that gasoline inventories in the US increased by 2.3 million barrels to 221.6 million barrels, compared to expectations of a 0.1 million barrel decrease. Additionally, the EIA highlighted that distillate fuel inventories, including diesel and heating oil, rose by 2.3 million barrels last week to 125 million barrels, against expectations of a 0.3 million barrel ri
se. US net crude oil imports also increased by 1.53 million barrels per day.

Source: Qatar News Agency

Doha: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from Sept. 1-5 reached QAR 234,288,033, while the total sales contracts for the real estate bulletin for residential units during the same period reached QAR 24,713,707.

The weekly bulletin issued by the administration stated that the list of properties traded for sale included vacant lands, residences, residential buildings and residential units.

The sales operations were concentrated in the municipalities of Al Dhaayen, Doha, Al Rayyan, Umm Salal, Al Khor, Al Dhakira, Al Wakra and Al Shamal and in the areas of Pearl Island and Lusail 69.

The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from Aug. 25-29 was over QAR 269 million.

Source: Qatar News Agency

Doha: The Ministry of Commerce and Industry, in collaboration with the Social Development Center (Nama), organized a workshop on home business licenses and procedures. The aim was to equip home business owners with the necessary knowledge to launch economic projects and to explain mechanisms supporting the entrepreneurship and small-to-medium enterprise (SME) sector, which is a key pillar for economic diversification and stimulating investment in line with Qatar National Vision 2030.

During the workshop, participants were briefed on the essential steps to establish and launch home-based businesses, the advantages and challenges they face, and how to grow and develop such businesses. The session also covered the laws regulating home-based businesses, the requirements, and the procedures for applying and establishing this type of business.

It is worth noting that the ministry has simplified the procedures and reduced the requirements for Qatari citizens wishing to engage in such activities. Recently, 48 new a
ctivities were added to the list of permissible home-based businesses, bringing the total available activities to 63.

Source: Qatar News Agency

Doha: The price of gold in the Qatari market rose by 0.72 percent during the current week, reaching USD 2515.70000 per ounce, according to data issued by Qatar National Bank (QNB).

The data showed that the price of gold rose from USD 2497.60960 per ounce recorded last Sunday.

The data also indicated that the rest of the precious metals recorded a weekly increase, with silver rising by 2.71 percent to USD 28.73000 per ounce, up from USD 27.97000 recorded on Sunday, and platinum by 3.92 percent to USD 964.28600 per ounce, compared to USD 927.83350 per ounce at the beginning of the week.

Source: Qatar News Agency

Doha: HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani participated Thursday in the 62nd meeting of the Board of Directors of the Gulf Monetary Council, held in Doha.

The meeting addressed several topics on the agenda, and appropriate decisions were taken.

Source: Qatar News Agency

European shares opened more than 1 percent higher on Thursday, buoyed by strong performances among technology stocks, while investors awaited the European Central Bank’s (ECB) rate decision due later in the day.

The pan-European STOXX 600 index was up 1.2 percent at 514.17 points.

Technology stocks chimed with a rally in their Asian peers, and jumped 2.6 percent.

The ECB will meet at 1215 GMT on Thursday, where it is widely expected to cut interest rates by 25 basis points.

Shares of Roche fell 4.5 percent after the Swiss drugmaker said the promising results of an early-stage trial of its experimental weight-loss pill were based on just six patients.

Source: Qatar News Agency

Doha: The Qatar Stock Exchange (QSE) index ended the current week’s trading with an increase of 0.73 percent, gaining 75 points to its balance, thus increasing to 10,398.32 points compared to last week’s closing.

In his remarks to Qatar News Agency , financial analyst Youssef Bouhlaiqa attributed the market’s rise this week to the decision of the Board of Directors of Qatar National Bank (QNB) to buyback QNB shares worth up to QR 2.9 billion, which had a positive impact on market activity in terms of volume, liquidity, trading, and market value.

QNB stock topped the list of the most rising shares in today’s trading by 4.841 percent and the highest in value by around QR 94 million. The bank led the banking and financial services sector to rise during this week by 2.36 percent, achieving gains of 105.19 points.

The financial analyst considered that QNB’s decision to buyback its shares enhanced the attractiveness of the market and trading activity. He pointed out that it will also support confidence between t
he bank and shareholders and will improve the level of liquidity of the bank’s shares in the market, expecting other companies in the QSE to follow the decision of QNB Group in the coming period.

This week saw an increase in the liquidity levels in the QSE, reaching around QR 1.629 billion compared to QR 1.580 billion last week. The trading volume during the current week reached 609,907,212 shares, with a number of deals reaching 63,118 deals across all sectors.

Source: Qatar News Agency