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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

Exploring the foreign exchange market: What causes the shekel's strength or weakness?

In the past week, Israel's shekel has strengthened after a long period of weakness, which the Bank of Israel attributed, among other factors, to judicial reform; Who are the actual traders in the foreign exchange market? Why is it different from other markets and how does it affect interest rates and prices?

Dan Raban | 06.11.23

Israel watchdog seeks data from banks in interest rate probe

Economy Minister Nir Barkat attempts to oust Competition Authority head Michal Cohen despite lacking the authority to do so blaming her for the rising cost of living; Cohen refuses to resign.

Reuters | 05.28.23

Iranian women, wearing a veil, walks among other pedestrians along a street in Tehran, Iran, 22 May 2023

Economic turmoil and rigid policies: Iranian regime caught in Bermuda Triangle of crisis

Report reveals Iran's severe economic challenges, namely staggering budget deficit, skyrocketing inflation, and growing dissatisfaction among Iranians, fuel potential nationwide upheaval against the regime, just months after the most recent wave of protests

Farhad Rezaei | 05.28.23

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