Tag: Israel Economy
‘Moody’s economists are misreading the geopolitical map’
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...
‘Israel has to be much more food self-sufficient,’ expert warns
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...
Bank of Israel cuts interest rate for first time since 2022
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...
Record employment for Israeli ultra-Orthodox men
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...
Ben Shapiro is wrong, the free market would be a disaster for Israel
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...
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...
War in Ukraine sparks food-security fears, experts say Israel needs national strategy
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...
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...
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...