israeli economy

Bank Hapoalim

Israel's consumer confidence rises despite hi-tech funding challenges

A boost in consumer confidence has been observed amid recent political and economic uncertainties.

Israelis charge more than NIS 41 billion in July 2023, reduce cash spend

Online transactions have grown in popularity among Israeli society.

BIRD Foundation to invest $8 million in 9 new Israel-US tech projects

The projects address issues in a diverse range of sectors that hold strategic importance to both nations.

'Israel’s high uncertainty is killing business'

The CEO of one of Israel’s largest IT companies, Aman Group, explains what businesses are planning to do in case the local economy plummets.

WATCH: Netanyahu stresses Israel's need for judicial reform in 'Post' interview

Though large and disruptive protests have roiled Israel in the months since the government’s formation, Netanyahu said that he thinks judicial reform is worth the effort.

Market fears Bank of Israel governor won't seek second term

With six months until the end of Prof. Amir Yaron's term as Bank of Israel Governor, uncertainty over his replacement could further damage the economy.

By OREN DORI/GLOBES/TNS
07/06/2023
he S&P Global logo is displayed on its offices in the financial district in New York City, U.S.

Israel's credit rating remains unchanged - S&P

The report by S&P contrasts to statements made by the IMF and Moody's when they said that Israel faces economic risks because of the judicial reforms.

Netanyahu, Herzog reached out to Moody's before credit outlook downgrade

If Israel's credit rating drops, Israel can expect a higher interest rate on short-term loans and inflation.

Israel faces 'long-term economic risk' due to judicial reform - Moody's

“If implemented in full, the proposed changes could materially weaken the strength of the judiciary and as such be credit negative,” the agency said.

Why is the hi-tech sector protesting against the judicial reform?

Israel Innovation institute founder: 'If you kill the hi-tech sector, the consequences will be huge.'

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