Tag: Israel Economy
Israeli Cabinet approves $7 billion ‘Safety Net’ economic rescue program
Israel’s Cabinet on Monday approved the remaining elements of the “Safety Net 2020-2021” rescue plan for the country’s struggling economy as a result of the coronavirus pandemic.
The Cabinet approved a draft law for several...
Israel approves coronavirus financial-aid package for small-business owners
The Israeli government approved a new financial-aid package on Sunday for self-employed businesses that have been struggling due to coronavirus restrictions.
The package presented by Israeli Prime Minister Benjamin Netanyahu and Finance Minister Yisrael Katz...
Israeli finance minister: ‘No room’ for another full COVID-19 lockdown
Israeli Finance Minister Israel Katz said there will not be another wide-scale coronavirus lockdown in the country, and that any new measures to halt the spread of COVID-19 will be more narrowly targeted.
“We won’t...
First Israeli nonprofit bank raises $30 million for coronavirus assistance in Israel
Israel’s first nonprofit bank, the Ogen Group, announced on Monday that it has raised $30 million from donors and impact lenders from Israel and abroad to provide emergency survival loans and financial mentoring to...
Israeli economy shrinks by more than 7 percent amid COVID-19 crisis
Israel’s economy contracted by around 7.1 percent in the first quarter, the country’s Central Bureau of Statistics announced on Monday.
This was the first quarterly contraction of the country’s gross domestic product (GDP) since 2012,...
Israel moving forward with exports of medical cannabis
Israel approved the export of medical cannabis on Wednesday in what could lead to an industry boom worth many millions of dollars.
“This is a significant step for exporters and the Israeli industry, which will...
Report: Israel’s Ben-Gurion airport may reopen by June
Israel is weighing opening Ben-Gurion International Airport in the beginning of June as the coronavirus outbreak continues to level off in Israel.
A “green” list of countries with low rates of infection would be the...
Israeli Cabinet eases coronavirus restrictions, allowing some businesses to reopen
Israel on Sunday began easing some of the restrictions imposed to stop the spread of the coronavirus pandemic, making allowances for prayer quorums and allowing many businesses to reopen.
The new measures were a source...
A disingenuous debate about annexation
The list of signatories to a new letter organized by the Israel Policy Forum protesting the possibility of Israel passing legislation in the upcoming months to annex parts of the West Bank is full of familiar...
21st Israeli dies of COVID-19 as cases reach 5,591; unemployment hits record highs
As Israel saw its 21st coronavirus fatality on Wednesday and confirmed infections in the country hit 5,591, the Israel National Employment Service (INES) announced that the number of unemployment claimants has exceeded 1 million...