Tag: Economy
Israeli banks ‘overreacting’ by freezing accounts due to US sanctions, expert says
Israeli banks this week made the controversial decision to freeze the accounts of two Israelis sanctioned by the United States under an executive order signed by President Joe Biden. It is believed that the accounts of two other...
Bank of Israel ups interest rate for 10th time
The Bank of Israel on Monday raised its benchmark interest rate for the 10th consecutive meeting amid rising inflation and low unemployment.
The central bank’s Governor Amir Yaron announced the benchmark rate increase of 25 basis points (0.25 percentage...
Netanyahu, Smotrich applaud S&P AA- Israel credit rating
Israeli Prime Minister Benjamin Netanyahu on Sunday praised credit ratings agency Standard & Poor for maintaining Israel’s AA- credit rating, calling the move a validation of his government’s economic policies.
“Israel’s positive rating has been...
Biden nominates his Jewish economic adviser as Council of Economic Advisers chair
Among the nominations U.S. President Joe Biden sent to the Senate on March 2 was that Jared Bernstein, currently a member of the Council of Economic Advisers, chair the council. That body is part of...
Anti-regime Iranian activists visit Israel to garner support and spread awareness
As European and American negotiating teams continue to convene in Vienna in an attempt to sign a new nuclear deal with Iran, the Iranian people have taken to the streets to protest the rising...
Unemployment rate in Jewish state hits 50-year low
The unemployment rate in Israel dropped to 2.9% in the first half of April from 3.7% in March.
According to a report in the Israeli business daily Globes, the Central Bureau of Statistics reports a 50-year-low...
Shekel weakens as Russia-Ukraine crisis intensifies
The Israeli shekel weakened on Tuesday as investors sought safe-haven currencies, particularly against the U.S. dollar, as the Russian-Ukraine crisis intensifies, according to Globes.
“The shekel is weakening against the dollar after reports that Russian troops...
Israeli economy and industry minister to visit Morocco
Israeli Economy and Industry Minister Orna Barbivay will head to Morocco next week for an economic working visit, according to a statement from the ministry. The visit will be the first of its kind since...
A quiet crisis in Ukraine
As the pendulum continues to swing between diplomacy and possible conflict in Ukraine, a quiet crisis of human need is spreading out across the country. While not the dramatic stuff of front-page news, it’s...
Israel unveils new measures to combat rising cost of living
The Israeli government on Wednesday unveiled a raft of measures aimed at tackling the surging cost of living in the country.
The new plan includes provisions to boost compensation for businesses and independent employees adversely...