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Gad Lior
Smotrich waves off Moody's decision to lower Israel's credit rating
Finance Minister calls the rating company's decision a 'complete political manifesto' and insists Israel's economy is strong enough to support the war and continue growing
Gad Lior
|
02.11.24
In first, Moody's lowers Israel's credit rating from A1 to A2
International credit rating company alters its outlook on Israel to negative despite attempts made by officials to fend off the move; downgrade expected to lead to serious economic impact
Gad Lior
|
02.10.24
Government tense ahead of Moody's decision on Israel's credit rating
Finance Ministry officials say Israel's economy stable and appeal to credit rating agency's representatives pointing to budget reallocations to combat large deficit for 2024
Gad Lior
|
02.08.24
Bank of Israel backs freezing settlers' accounts
National bank says in statement that circumventing international policies may introduce risk to Israeli banks and the entire market as a whole; Smotrich, Ben-Gvir object
Gad Lior, Elisha Ben Kimon
|
02.05.24
Israeli bank blocks active UNRWA bank account
Leumi Bank issues a letter to the UN agency saying that following recent events, suspicions emerge that funds directed from the bank are used to pay for terror in Gaza
Gad Lior
|
02.05.24
Finance Ministry scrambles to avoid Moody's downgrade of Israeli economy
In recent days, finance officials, including Finance Minister Bezalel Smotrich, have engaged in discussions with economists from the international agency in an effort to persuade them against a rating downgrade; The decision is anticipated to be announced in February
Gad Lior
|
01.30.24
Ezra Gardner and Varana Capital are on a mission to save Israeli tech ecosystem
In a special committee discussion, director of an American foundation investing in Israel clarified: 'What's happening here is a crash, it's slow, so no one is taking any action, but every passing day, companies are burning more money, and eventually, in 6-12 months, an entire cycle of innovation will collapse
Gad Lior
|
01.30.24
Moody's expected to lower Israel's credit rating, Ynet learns
Credit firm to publish report in coming days after concerns Israel failing to take necessary steps to curb growing deficit, continues to allocate funds to unproductive sectors; fears exit from local economy of international companies, local financiers, cash
Gad Lior
|
01.20.24
A war on credit: S&P downgrades Israel's rating forecast as Gaza war rages on
Since the war erupted, Israel has been placed under surveillance by two rating agencies, and now S&P has declared a change in the rating forecast from "stable" to "negative". However, the credit rating itself remains at AA-
Gad Lior
|
10.25.23
Due to war, Israel's Fitch credit rating stands at 'Rating Watch Negative'
Announcement indicates that if the security situation deteriorates Fitch may lower Israel's A+ credit rating; A negative report on Israel by Moody's was scheduled for publication Friday, but had been postponed due to ongoing conflict
Gad Lior
|
10.18.23
Cost of war estimated in the billions, economy in the south would need years to recover
Officials in the Finance Ministry say entire communities destroyed with homes, infrastructure and agricultural fields burned, some beyond repair and future revenue loss to be felt far into the future
Gad Lior
|
10.11.23
Even OECD warns: Israelis will pay the price for government's poor budget priorities
Senior government officials assert the economy is excellent, however, forecasts indicating a doubling of the deficit this year, coupled with OECD warnings about money flowing to entities that do not promote growth
Gad Lior
|
10.04.23
Dollar strengthening around the world, and against the Israeli shekel
Strengthening of the dollar is attributed to recent positive economic data from the US economy; while in Europe, although inflation has indeed decreased significantly, there is still a looming threat of stagnation on the continent
Gad Lior
|
10.03.23
Job vacancies in Israeli market stabilize following downturn
High-tech sector sees increased demand for software developers and engineers while sales and food industries continue downward trend
Gad Lior
|
09.20.23
Smoke and mirrors: Israel busts 6 tons of hookah tobacco smuggled in pebbles
Some 10,000 artificial fiberglass pebbles containing hookah tobacco intercepted in shipment from Egypt; Tax Authority says seized goods would have yielded NIS 2.5 million in taxes
Gad Lior
|
09.19.23
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