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Tel Aviv shop owners close their stores as Israel enters its third nationwide lockdown, due to the rise in COVID-19 morbidity. Dec. 27, 2020. Photo by Tomer Neuberg/Flash90.

Israel approves economic recovery plan for business owners hit by COVID-19 closures

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Israel’s Cabinet on Monday approved a 2 billion shekel ($624 million) plan to help business owners and the self-employed who have been hurt financially as a result of government-imposed COVID-19 closures. The plan, dubbed “From...
An Israeli teen rummages through a garbage bin in Jerusalem on Sept. 2, 2020. Photo by Nati Shohat/Flash90.

Report: 268,000 more Israeli families living in poverty since pandemic onset

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The number of Israeli households living in poverty has increased by more than a quarter of a million since the onset of the coronavirus pandemic, according to a new report by one of the...
Israeli Finance Minister Israel Katz holds a press conference at the Finance Ministry in Jerusalem on July 1, 2020. Photo by Olivier Fitoussi/Flash90.

Moody’s reaffirms Israel’s A1 credit rating

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A recent report by global credit-rating agency Moody’s lauded the Israeli government’s fiscal policy but criticized its inability to pass a state budget. The 31-page report, issued on Friday, said that while the agency expects...
Israelis stand in line outside a clothing shop advertising Black Friday sales in Tel Aviv on Nov. 25, 2020. Photo by Miriam Alster/Flash90.

Israel’s Health Ministry reports drastic increase in COVID-19 cases

Israel’s Health Ministry has reported a drastic increase in the number of patients who have tested positive for the coronavirus. Some 569 people tested positive out of the total of 17,472 that were tested...
A view of new high-rise apartment buildings next to older small homes in the southern Israeli city of Ashdod on Sept. 2, 2019. Photo by Gershon Elinson/Flash90.

Study: Israel second least affordable country

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Israeli housing is the second most expensive in the world, a new study finds. According to the study, conducted by Australia’s price-comparison website CompareTheMarket, the average Israeli household spends the equivalent of 26.6 percent of its...
The Malha Mall in Jerusalem in 2009. One of seven malls built in Israel by David Azrieli, it has 260 stores on three levels. Photo by Yossi Zamir/Flash90.

Retail stores in Israel start to open, despite government coronavirus restrictions

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Some large retail merchandise chains and small shops in Israel are defying the government restrictions and opening their doors in protest against the government’s lockdown, which, like so many other nations worldwide, has been...
The Bilu Center Mall in Kiryat Ekron near Rehovot, Israel, during a nationwide COVID-19 lockdown, Sept. 21, 2020,. Photo by Yossi Aloni/Flash90.

Major retail chains across Israel prepare to join small-business revolt

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The Association of Retail, Fashion and Café Chains in Israel, which represents 400 chains that employ some 300,000 workers, announced on Wednesday that its members will be opening their doors for business starting on...
Israeli President Reuven Rivlin speaks at the President's Residence in Jerusalem, on Sept. 25, 2019. Photo by Yonatan Sindel/Flash90.

In Knesset speech, Israel’s president blasts government over budget crisis, disunity

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In his address to the opening of the 23rd Knesset’s winter session on Monday, Israeli President Reuven Rivlin launched a fierce attack on the coalition government for its failure to pass a state budget...
Israeli Finance Minister Israel Katz holds a press conference at the Finance Ministry in Jerusalem on July 1, 2020. Photo: Olivier Fitoussi/Flash90.

Second lockdown to cost Israel upward of $4 billion, says Israeli Finance Ministry

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A month-long coronavirus lockdown will cost the Israeli economy between NIS 15 and 20 billion ($4.3 to $5.7 billion), the country’s Finance Ministry said over the weekend. A senior ministry official stressed that the estimate...
Shaare Zedek medical worker wearing protective clothing takes a swab from a woman to test for the coronavirus disease (COVID-19), outside the coronavirus unit at Shaare Zedek hospital in Jerusalem on September 10, 2020. Photo by Yonatan Sindel/Flash90

As nationwide lockdown looms, Israel’s corona tally, number of serious cases climb

A nationwide lockdown in Israel seems inevitable with a deciding cabinet vote scheduled for next week as the number of new coronavirus cases hit a new 24-hour record from Thursday to Friday, with more...