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Economy
Smotrich says financial performance fails to meet expectation, blames protests
Finance Minister tells Knesset Finance Committee economy suffering from weak shekel but is strong; accuses protest movement of defaming Israel in economic circles
Ynet
|
09.04.23
Israel tops OECD's most expensive countries to live in
Hebrew University expert says currency value trends explain short-term hikes but long-term trajectory must be attributed to the balance of payments and the influx of foreign currency in the high-tech sector but not in others
Adiel Eithan Mustaki
|
08.27.23
Big hopes, bigger letdowns: Oslo's unfulfilled promises for Israel and Palestinians
Thirty years after the signing of the Oslo Accords, the economic vision for a 'new Middle East' has not materialized; Israel's economy didn’t benefit from the fruits of the agreements; Standard of living in the West Bank improved significantly despite IDF checkpoints while Gaza remains stuck far behind in the Hamas quagmire
Sever Plocker
|
08.20.23
Thriving in the shadows: Israel's underground Haredi economy
How does the Haredi sector cope with poverty? Some rely on charity while others work under the table, and there are those who manage to bridge the educational gaps or secure jobs through connections; Alongside many struggling with significant deprivation, the past decades have also seen the emergence of a middle-class Haredi bourgeoisie
Tali Farkash
|
07.28.23
Israeli stocks show signs of recovery after 2-day slump
Despite warnings from rating agencies and leading banks about the effects of the judicial legislation on Israel's economy, the main indices on the stock exchange were up by 1%-2% but the shekel remains weak
Dan Raban, Gad Lior
|
07.26.23
Israeli economy braces for judicial overhaul ripple effects
Local stock and foreign exchange markets plunge immediately after passing of first judicial reform bill, but is this just the beginning? Why might the canning of the reasonableness clause drive away investors and foreign companies? How are rating agencies expected to react, and what are the chances of seeing further strikes?
Gad Lior
|
07.25.23
Stocks fall after Knesset votes on judicial reform bill
Expert says uncertainty in market negatively impacts Israelis in general with pensions invested in stocks; Dollar tanks to 3.64 shekels to the dollar after previous gains erased
Dan Raban
|
07.24.23
Israel sees drop in hi-tech demand for workers
Although unemployment rate remains low, experts warn drop in demand for workers in the tech industry could be early warning of pending job crisis
Shaked Eilat
|
07.17.23
Amdocs laying off thousands in another round of cutbacks
Company expected to layoff 6.5% of the workforce worldwide but in Israel 200 employees out of the 5,000 are to be let go despite positive financial reports in recent quarters
Sophie Shulman/CTech
|
07.07.23
Israeli high-tech lags behind in 2023 , report
Investments in Israel declined by more than 70% compared to the corresponding quarter of the previous year and a sharper decline than that recorded in other markets prompting concerns that Israeli tech would become detached from global trends
Shaked Eilat
|
06.27.23
Up-to-date data marks economic growth in first quarter of 2023
Israel’s Central Bureau of Statistics posts update to previously published May report showing Israel's economic growth experienced more of a rise than initially thought compared to 2022's final quarter
Ynet
|
06.18.23
Government hails largest ever Intel investment but chip maker cannot confirm
After Somtrich and Netanyahu say robust economy behind Intel's plan to build a new facility in Israel, ministry forced to amend statement to explain that the investment is half the sated amount and the plant had been under construction since 2018
Tsachi Sadeh, Gad Lior
|
06.18.23
Venture capital expert: 'Estimate a 90% decrease in tech investments in Israel in the next quarter'
The co-founder of Viola Ventures and one of Israel’s most prominent VC’s said the government’s judicial reform 'poses an existential risk to the high-tech industry'
Shlomo Teitelbaum, Ctech
|
06.14.23
Israeli real estate transaction volume dips 50% - is it time to buy?
Only some 4,000 transactions recorded in April, lowest figure since early 2000s apart from COVID outbreak; total mortgage uptake drops 46% year-on-year
Ori Chudy
|
06.12.23
Bazooka gum brand is up for sale, priced at $700 million
Former Disney CEO Michael Eisner seeks to sell candy company he bought 15 years ago in deal estimated at $385 million; Bazooka Candy Brands sells around 40 million units of chewing gum and candy annually
Calcalist
|
06.12.23
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