Tag: Israel Katz
Israel Katz first minister in Netanyahu gov’t to visit UAE
Energy Minister Israel Katz on Sunday became the first Cabinet member to visit the United Arab Emirates since the Netanyahu-led government came to power in December.
The minister is in Abu Dhabi to discuss a...
Netanyahu, Katz unveil comprehensive economic stimulus plan
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...
Moody’s reaffirms Israel’s A1 credit rating
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...
Gantz’s ultimatum: ‘Pass a 2021 budget by November or we’ll go to elections’
Israeli Defense Minister Benny Gantz on Monday vowed to dissolve the government if a state budget for 2021 isn’t passed by the end of October.
“If there is no budget, we’ll go to elections,” Gantz...
Second lockdown to cost Israel upward of $4 billion, says Israeli Finance Ministry
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...
Knesset approves national COVID-19 ‘Safety Net’ aid program
Israel’s Knesset passed the Economic Aid Plan Bill in second and third readings on Wednesday. The legislation, known as the “Safety Net” program, aims to help those hit hardest by the coronavirus pandemic.
The legislation...
Israel heading to elections if annual budget isn’t approved, says finance minister
Israeli Finance Minister Israel Katz on Wednesday threatened new elections unless the law is changed to allow the passing of an annual budget instead of a biennial one.
During a press conference at the opening...
Israel announces ‘national emergency plan’ to rescue Israelis stranded abroad
Israeli Foreign Minister Israel Katz on Saturday announced the creation of a “national emergency plan” to bring home Israelis stranded abroad due to the COVID-19 pandemic.
The ministry said in a press release that “Israeli...
Israel evacuates backpackers stranded in Peru
Israel’s Foreign Ministry announced on Tuesday that a passenger jet will be sent to Peru to begin evacuating Israelis that were stranded in the South American country when it shut its borders in an...
Israel’s foreign minister to announce foreign-embassy relocation plan
The Israeli government is preparing an official initiative, including an incentives package, to encourage countries to relocate their embassies to Jerusalem. Foreign Minister Israel Katz will soon present a proposal to the Cabinet to...