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‘Moody’s economists are misreading the geopolitical map’

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In between a press conference on immigration and a meeting with the families of Israelis being held hostage by Hamas in Gaza, Israeli Finance Minister Bezalel Smotrich found the time for an interview. It’s clear...
Israeli reserve soldiers help farmers pick oranges in Moshav Beit Hillel, not far from the Israeli border with Lebanon, Nov. 10, 2023. Photo by Ayal Margolin/Flash90.

‘Israel has to be much more food self-sufficient,’ expert warns

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Since 1948, when the fledgling State of Israel celebrated its independence and began exporting and importing goods from other countries, it has become reliant on global trade. Now, as the Jewish state and it faces...
Governor of the Bank of Israel Amir Yaron (left) attends a committee meeting at the Knesset in Jerusalem, July 19, 2023. Photo by Yonatan Sindel/Flash90.

Bank of Israel cuts interest rate for first time since 2022

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The Bank of Israel decided on Monday to lower its benchmark interest rate by 0.25 percentage points to 4.5%, in the first such cut since April 2022. "The war is having significant economic consequences, both...
Haredi women work at the Malam Group office in Beitar Illit, south of Jerusalem, Aug. 19, 2009. Photo by Nati Shohat/Flash90.

Record employment for Israeli ultra-Orthodox men

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The employment rate for ultra-Orthodox men in Israel has reached an all-time high of 55.8% amid a soaring cost of living and rising interest rates, according to a report by the Central Bureau of...
Photo by Gage Skidmore

Ben Shapiro is wrong, the free market would be a disaster for Israel

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While I was studying at Ben-Gurion University of the Negev in Beersheva in the early 2000s, I once discussed the Israeli economy with Avi Bareli, a professor of mine. I commenced a lengthy oration...
Traffic on Ayalon Highway in Tel Aviv, Dec. 2, 2021. Photo by Tomer Neuberg/Flash90.

Unemployment rate in Jewish state hits 50-year low

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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...
Harvesters work in the wheat field in Ukraine. Credit: zmeypetrov/Shutterstock.

War in Ukraine sparks food-security fears, experts say Israel needs national strategy

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The problem of national food security, which formerly preoccupied specialists, began to penetrate the world’s consciousness with COVID-19 supply disruptions, but it’s Russia’s war with Ukraine that has given governments a jolt. Ukraine, together...
Israeli currency. Credit: Pixabay.

Shekel weakens as Russia-Ukraine crisis intensifies

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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 Orna Barbivay speaks at a Yesh Atid party conference in Shefayim, Sept. 22, 2021. Photo by Gili Yaari/Flash90.

Israeli economy and industry minister to visit Morocco

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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...
Image of NIS 200 bills. Photo by Nati Shohat/Flash90.

Israel unveils new measures to combat rising cost of living

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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...