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Israel adds UK, Denmark to list of ‘red’ countries, approves aid for tourism sector

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Israel extended COVID-19 travel restrictions on Wednesday, adding Britain and Denmark to the list of “red” countries, the Prime Minister’s Office said in a statement. The government also extended the regulations restricting entry to and...
U.S. dollar bills. Credit: Pixabay.

US dollar hits 25-year low against Israeli shekel

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The U.S. dollar hit a 25-year low against the shekel on Tuesday, officially dropping below the benchmark that the Bank of Israel had hoped to avoid crossing. The euro also dropped sharply against the...
Israeli currency. Credit: Pixabay.

Shekel hits highest mark against dollar in 10 months

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The Israeli shekel is increasing in value against the dollar and euro, with the dollar equal to less than 3.2 shekels this week—the first time since January it fell below 3.2. “Excessive surplus supply of...
Future Meat Technologies’ production facility in Rehovot, Israel. Credit: Courtesy.

Report: Israel floats plan to import foreign workers to fill tech vacancies

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Israel’s government is promoting a plan to increase the percentage of workers employed in the tech sector, including offering visas to foreign students and experts to fill job vacancies. Backed by Interior Minister Ayelet Shaked...
A construction site of new residential buildings in the costal city of Netanya on March 26, 2020. Photo by Gili Yaari/Flash90.

Another government, another attempt to bring Israel’s housing prices down

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Don’t bet on a continued rise in housing prices, Israeli Minister of Housing and Construction Zeev Elkin warned speculators on Aug. 4. “We are launching a massive move to moderate housing prices and eventually to...
Visitors at the annual Cybertech Israel Conference and Exhibition in Tel Aviv, which is attended by thousands of leading multinational corporations, startups, private and corporate investors, venture-capital firms, experts and clients, Jan. 29, 2020. Photo by Miriam Alster/Flash90.

Israeli exports expected to reach record in 2021

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Israeli exports are expected to reach a record of at least $120 billion in 2021, according to Israel’s Economic Ministry. The hi-tech sector is the most significant factor in export growth in recent years, the...
Israeli Minister of Finance Avigdor Lieberman arrives at the President's Residence in Jerusalem for a group photo of the newly sworn-in Israeli government, June 14, 2021. Photo by Yonatan Sindel/Flash90.

Israeli Finance Minister Lieberman describes budget as ‘national task’

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Israeli Finance Minister Avigdor Lieberman met on Monday with key members of his staff for an initial discussion on formulating a two-year state budget for 2021-22. Noting that passing a budget would be a critical...
Israeli currency. Source: pixabay.com.

2021 opens with record investments for Israeli startups

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Following a record-breaking year that saw some $10 billion of investment flowing to Israeli companies, the reported amount of funds raised in January exceeded $1.2 billion, the highest-ever amount for a single month. The highest reported amount...
Israeli Prime Minister Benjamin Netanyahu and Finance Minister Israel Katz, formerly transportation minister, at the opening ceremony of the Ramon Airport near Eilat on Jan. 21, 2019. Photo by Yonatan Sindel/Flash90.

Netanyahu, Katz unveil comprehensive economic stimulus plan

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Israeli Prime Minister Benjamin Netanyahu and Finance Minister Israel Katz on Sunday unveiled a new stimulus plan seeking to combat the adverse economic effects of the coronavirus pandemic. The government has already implemented several bailout...
Israeli Prime Minister Benjamin Netanyahu in a video conference with world leaders on Jan 18, 2021. Credit: Kobi Gideon/GPO.

Netanyahu urges world leaders to ‘pool’ scientific, economic efforts amid pandemic

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Israeli Prime Minister Benjamin Netanyahu called on world leaders on Monday to work together to promote scientific research and economic growth amid the COVID-19 pandemic, the Prime Minister’s Office said. “We all have research and...