Nilit produces nylon 6.6 yarns for the fashion, apparel, and textile industries. The joint venture will include a new manufacturing site in Henan.
The updated credit score, along with the other recent ratings, has the potential to impact Israel's economy in a number of ways.
Despite inflation and government-controlled prices increasing on May 1st, Israel’s microeconomy should be stable. However, Israel’s macroeconomy will face the consequences of the war for a few years.
"We, families of the hostages signed below, turned to you, Mr Arnon Bar-David, because the negotiations are stuck, and this may cost the hostages in Hamas captivity their lives," reads the letter.
The rating, published earlier this month, removed a negative watch on Israel's score - an indicator that Fitch no longer plans to drop its rating in the near term.
Reservists receive business support: Extending aid to all reservists' businesses, spouses' ventures, and small business owners amid escalating situation in northern sector.
Fitch projected a central government budget deficit of 3.9% for Israel in 2025.
Let’s use optimism, before reality strikes, to get our children on the path to financial independence. It’s a win-win: They become financially secure, and we don’t need to support them.
Eyal Naveh, co-founder of Brothers in Arms, added: “There are no real plans. It’s time for politicians to work for the people, and they’re not doing that.”