Israeli economy

“We all hope that the effects of the war will be short-lived and that the economic rebound that will follow will be significant," said Bank Leumi President & CEO Hanan Friedman.

In an attempt to prevent price increases in the retail sector, Economy Minister Nir Barkat opened a WhatsApp group with the heads of Israel's largest retailers.

While new innovations continue to pour into Israel, the war in Ukraine and subsequent economic downturn have slowed the rate of investment in tech start-ups worldwide, including in Israel. 

Although the 2024 budget is highly likely to be passed into law by Wednesday, many controversial factors remain on the agenda, namely funding for the haredi education system.

The Blue & White Collective is a group of Israeli brands who joined forces to support the Israeli economy and encourage the purchase of Israeli brands during this difficult time since October 7.

According to Treasury data, the average 2022 salary in government offices is 18,029 NIS per month, with women on average earning 17% less than men

Thousands of wounded IDF reservists need physical and emotional care, although many have returned to their workplaces.

In a recent development, Chevron announced on Sunday the second phase of the Tamar natural gas project in Israel, involving the natural gas reservoir located off the coast of Haifa

Analysts estimate that other rating agencies will also lower Israel's rating; the rising scent from the rating downgrade is political, but it is the scent of fear of uncertainty.

Investors can hope that Strauss Group’s bad luck will pass soon, and that coffee prices will revert to where they were in the previous decade, which would boost Strauss’s operating margin to 11%