Positive outlook: Israel’s Debt to GDP Ratio to improve despite budget shortfalls, says Fitch Ratings
Fitch Ratings, American credit agency, has assessed Israel's budget deficits and their impact on the country's debt compared to its economic output (GDP). Despite the return of budget deficits, Fitch Ratings believes that Israel's debt relative to its GDP will...
From volatility to stability: why bonds are the smart investment choice
In a world where stock market volatility keeps many potential investors at bay, seeking stability and reliable returns becomes paramount. If you find yourself wary of the unpredictable swings of stocks, there's a compelling alternative that deserves your attention:...
Seamless shopping ambitions: Israeli tech company takes on Amazon in retail innovation
In a bid to revolutionize the retail industry, Israeli technology company Trigo has emerged as a trailblazer in seamlessly blending the convenience of online shopping with the immersive experience of physical stores that aims to compete with e-commerce giant Amazon....
NVIDIA and Israeli innovators forge revolutionary partnership to build AI cloud supercomputer
In an exciting advancement for the world of artificial intelligence (AI) and cloud computing, global graphics processing unit (GPU) leader NVIDIA has announced a groundbreaking partnership with Israeli innovators. The collaboration seeks to leverage the ingenuity and...
Shekel/Dollar exchange rate and current risks: a closer look at the Israeli economy
The recent approval of the state budget for 2023 and 2024 by the Knesset brought a sense of relief to the Israeli government. However, it did little to quell the volatility in the foreign exchange market, resulting in a weakened shekel against the US dollar. While...
Navigating market opportunities: leading Israeli bank advises investors to expand stock holdings
Last week, the Tel Aviv Stock Exchange experienced a decline of over 3%, signalling a return of fear to the local stock market after a period of positive momentum in April. In contrast, Wall Street's main index, the S&P 500, saw a slight increase of 0.3% in a...
Headlines
Positive outlook: Israel’s Debt to GDP Ratio to improve despite budget shortfalls, says Fitch Ratings
Fitch Ratings, American credit agency, has assessed Israel's budget deficits and their impact on the country's debt compared to its economic output (GDP). Despite the return of budget deficits, Fitch Ratings believes that Israel's debt relative to its GDP will...
From volatility to stability: why bonds are the smart investment choice
In a world where stock market volatility keeps many potential investors at bay, seeking stability and reliable returns becomes paramount. If you find yourself wary of the unpredictable swings of stocks, there's a compelling alternative that deserves your attention:...
Seamless shopping ambitions: Israeli tech company takes on Amazon in retail innovation
In a bid to revolutionize the retail industry, Israeli technology company Trigo has emerged as a trailblazer in seamlessly blending the convenience of online shopping with the immersive experience of physical stores that aims to compete with e-commerce giant Amazon....
NVIDIA and Israeli innovators forge revolutionary partnership to build AI cloud supercomputer
In an exciting advancement for the world of artificial intelligence (AI) and cloud computing, global graphics processing unit (GPU) leader NVIDIA has announced a groundbreaking partnership with Israeli innovators. The collaboration seeks to leverage the ingenuity and...
Shekel/Dollar exchange rate and current risks: a closer look at the Israeli economy
The recent approval of the state budget for 2023 and 2024 by the Knesset brought a sense of relief to the Israeli government. However, it did little to quell the volatility in the foreign exchange market, resulting in a weakened shekel against the US dollar. While...
Navigating market opportunities: leading Israeli bank advises investors to expand stock holdings
Last week, the Tel Aviv Stock Exchange experienced a decline of over 3%, signalling a return of fear to the local stock market after a period of positive momentum in April. In contrast, Wall Street's main index, the S&P 500, saw a slight increase of 0.3% in a...
Relief rally anticipated as debt ceiling deal shifts markets’ focus to riskier assets
Global markets are poised for a relief rally as US negotiators have reached a tentative deal to resolve the ongoing debt crisis that has recently weighed on risk sentiment. As trading begins this week, attention will be focused on the US dollar, which has benefited...
Financial strain: rising mortgage costs impact Israeli homeowners
In a recent move, the Bank of Israel raised the interest rate by 0.25%, causing a surge in anxiety among apartment buyers. According to a survey conducted by the Geocartography Knowledge Group and published by TheMarker, approximately 40.4% of mortgage borrowers are...
Bank Hapoalim reports impressive quarterly profit boosted by soaring interest income
Bank Hapoalim (TASE: POLI), has announced its financial results for the first quarter, revealing a remarkable profit of NIS 2.01 billion. The bank's exceptional performance can be attributed to a significant surge in interest income, which witnessed a substantial 49%...
Shekel weakens against dollar amidst security worries, hitting levels not seen since 2020
In light of the last night's approval of the budget, the value of the dollar experienced a notable surge today (Wednesday). The greenback has risen by 1.6% and was trading at around NIS 3.73 per dollar, reaching highs not seen since 2020. Yesterday, the dollar...
Bank of Israel increases interest rate for the 10th consecutive time, reaching 4.75%
The Bank of Israel has increased the interest rate for the tenth time in a row, bringing it to 4.75%, the highest level since 2006. This move by the central bank reflects its ongoing efforts to maintain economic stability amidst evolving market conditions. In a bid to...
Why China’s push to make the yuan a global currency may fall short
Last month, official data revealed a significant milestone for Beijing in its efforts to internationalize the yuan. In March, the yuan surpassed the dollar as the most widely used currency for cross-border transactions in China. While this achievement may seem...
Securing the cloud: IBM acquires Israeli start-up for automated data protection
IBM has acquired Israeli cyber startup Polar Security, which specialises in cloud data protection management, for $60 million in a strategic move to enhance its cybersecurity capabilities. This acquisition signifies IBM's commitment to strengthening its position in...
Altshuler Shaham Investment House outperforms competitors by prioritizing returns over ESG Investments
In April, Altshuler Shaham (TASE: ALTF) Investment House returned to the top of returns table, surpassing competitors due to its astute investment decisions. The firm's success can be largely attributed to the fact that it has prioritised financial returns over...
Israel’s Q1 2023 GDP growth surpasses IMF’s projections
According to the latest data, Israel's gross domestic product (GDP) grew at an annualized rate of 2.5% in the first quarter of 2023. Though this figure represents a deceleration from the robust 5.3% growth recorded in the previous quarter, it is significantly higher...
Israel’s inflationary pressures persist: consumer price index rises by 0.8% in April
Inflationary pressures in Israel show no signs of abating, as the latest data from the Central Bureau of Statistics reveals a 0.8% increase in the consumer price index for the previous month. Over the past year, the index has risen by 5%, maintaining the same level as...
S&P Global affirms Israel’s credit rating at AA- with “stable” outlook
In its recent quarterly report on Israel, S&P Global, the New York-based credit rating agency, has affirmed the country's credit rating at AA- with a "stable" outlook. This rating reflects Israel's strong economic fundamentals, including a diverse and prosperous...
Mortgage borrowing in Israel sees 50% decrease: is the property market losing steam?
The property market in Israel is showing signs of cooling as demand continues to decrease. According to data from the Bank of Israel published yesterday, the total amount of mortgages taken out by the public in April was NIS 4.612 billion, down 32% from the previous...
Israeli banks brace for impact: will US banking crisis affect them?
The recent selloff in US bank shares has rattled investors, as fears about the solvency of regional lenders have intensified. The collapse of First Republic Bank, and its consequent takeover by JP Morgan, have contributed to the lack of stability in the market. All of...
Porsche partners with Israel’s Mobileye to integrate its technology into next-generation vehicles
Mobileye has announced a new strategic partnership with Porsche to integrate its advanced system for active driving assistance (ADAS), known as SuperVision, into future Porsche models. The new system will feature semi-autonomous functions such as automatic driving...
Leading European supermarket chain Carrefour opens its stores in Israel. Will consumers enjoy lower prices?
Electra Consumer Products (TASE: ECP), after a year of preparation, a well-orchestrated marketing campaign, and an investment of NIS 250 million, is opening fifty stores of the international retail chain Carrefour across Israel tomorrow. Carrefour is a multinational...
Navigating the AI revolution: Implications for the economy, financial markets, and work
According to a recent JPMorgan study, ChatGTP and other artificial intelligence (AI)-powered large language models (LLMs) contributed $1.4 trillion to the value of companies and accounted for more than half of the S&P 500's gains. Microsoft, Alphabet (parent...
How Valley National Bancorp’s recent plunge affects Israeli investors?
If you're an investor who follows the stock market, you may have heard about the recent plunge in Valley National Bancorp's (Nasdaq: VLM) stock price. This bank, which operates in several states in the USA, including New Jersey, New York, Florida, and Alabama, saw its...
Should you sell in May and go away? Conflicting opinions on summer markets and their impact on your investments
Wall Street indices have been remarkably strong over the past four months, with the S&P 500 index rising by 9% and the Nasdaq by 22%. However, this comes at a time when the summer months, which are considered weak, are around the corner. The "sell in May and go...
World’s first: Israeli food tech introduces chickpea protein burger that mimics meat texture and taste
Israeli food tech startup Meat. The End (MTE) has recently introduced the world's first texturized plant-based burger made exclusively of chickpea protein. This innovative burger mimics the taste, smell and texture of meat, but is made without soy or other allergenic...
Israel’s fiscal deficit target at risk for 2023 due to judicial reform’s impact on tax revenue and high-tech sector, warn economists
Economists warn that Israel is unlikely to meet its fiscal deficit target for 2023 as they anticipate a decline in tax revenue following the negative impact of the planned judicial reform on the local economy. One of the nation's largest banks, Hapoalim and Meitav...
Mobileye reports 16% revenue increase despite economic challenges and lowered forecast for 2023
Mobileye, an automotive technology company, reported a 16% increase in revenue compared to the same time period in the previous year. In spite of this, the company has lowered its forecast for 2023 as a result of escalating economic challenges in the market and a...
Innovation
Seamless shopping ambitions: Israeli tech company takes on Amazon in retail innovation
In a bid to revolutionize the retail industry, Israeli technology company Trigo has emerged as a trailblazer in seamlessly blending the convenience of online...
Navigating the AI revolution: Implications for the economy, financial markets, and work
According to a recent JPMorgan study, ChatGTP and other artificial intelligence (AI)-powered large language models (LLMs) contributed $1.4 trillion to the value of companies and accounted for more than half of the S&P 500's gains. Microsoft, Alphabet (parent...
World’s first: Israeli food tech introduces chickpea protein burger that mimics meat texture and taste
Israeli food tech startup Meat. The End (MTE) has recently introduced the world's first texturized plant-based burger made exclusively of chickpea protein. This innovative burger mimics the taste, smell and texture of meat, but is made without soy or other allergenic...
Abu Dhabi and China join AI race with their own chatbots
In the wake of OpenAI's groundbreaking chatbot project, ChatGPT, both Abu Dhabi and China have announced plans to introduce their own versions of the program, which employs natural language processing to "converse" with users and deliver information. With...
Israeli households to receive clean energy from wave-generated electricity
Eco Wave Power (EWP), an Israeli company that has developed technology to harness clean energy from the movement of waves, has signed a contract with the Israeli National Electric Company to connect its wave-energy power plant to Israel's power grid and sell...
Economy
Positive outlook: Israel’s Debt to GDP Ratio to improve despite budget shortfalls, says Fitch Ratings
Fitch Ratings, American credit agency, has assessed Israel's budget deficits and their impact on the country's debt compared to its economic output (GDP)....
NVIDIA and Israeli innovators forge revolutionary partnership to build AI cloud supercomputer
In an exciting advancement for the world of artificial intelligence (AI) and cloud computing, global graphics processing unit (GPU) leader NVIDIA has announced a groundbreaking partnership with Israeli innovators. The collaboration seeks to leverage the ingenuity and...
Shekel/Dollar exchange rate and current risks: a closer look at the Israeli economy
The recent approval of the state budget for 2023 and 2024 by the Knesset brought a sense of relief to the Israeli government. However, it did little to quell the volatility in the foreign exchange market, resulting in a weakened shekel against the US dollar. While...
Financial strain: rising mortgage costs impact Israeli homeowners
In a recent move, the Bank of Israel raised the interest rate by 0.25%, causing a surge in anxiety among apartment buyers. According to a survey conducted by the Geocartography Knowledge Group and published by TheMarker, approximately 40.4% of mortgage borrowers are...
Shekel weakens against dollar amidst security worries, hitting levels not seen since 2020
In light of the last night's approval of the budget, the value of the dollar experienced a notable surge today (Wednesday). The greenback has risen by 1.6% and was trading at around NIS 3.73 per dollar, reaching highs not seen since 2020. Yesterday, the dollar...
Company Reporting
Bank Hapoalim reports impressive quarterly profit boosted by soaring interest income
Bank Hapoalim (TASE: POLI), has announced its financial results for the first quarter, revealing a remarkable profit of NIS 2.01 billion. The bank's...
Securing the cloud: IBM acquires Israeli start-up for automated data protection
IBM has acquired Israeli cyber startup Polar Security, which specialises in cloud data protection management, for $60 million in a strategic move to enhance its cybersecurity capabilities. This acquisition signifies IBM's commitment to strengthening its position in...
Porsche partners with Israel’s Mobileye to integrate its technology into next-generation vehicles
Mobileye has announced a new strategic partnership with Porsche to integrate its advanced system for active driving assistance (ADAS), known as SuperVision, into future Porsche models. The new system will feature semi-autonomous functions such as automatic driving...
Mobileye reports 16% revenue increase despite economic challenges and lowered forecast for 2023
Mobileye, an automotive technology company, reported a 16% increase in revenue compared to the same time period in the previous year. In spite of this, the company has lowered its forecast for 2023 as a result of escalating economic challenges in the market and a...
Twitter partners with Israeli online brokerage as it expands into finance
Elon Musk, Twitter's billionaire owner, is making the social media platform more like a finance machine. Musk recently stated at a Morgan Stanley conference that he is striving to make Twitter the "biggest financial institution in the world. The "Cashtag" feature has...
Stock Market
Navigating market opportunities: leading Israeli bank advises investors to expand stock holdings
Last week, the Tel Aviv Stock Exchange experienced a decline of over 3%, signalling a return of fear to the local stock market after a period of positive...
Relief rally anticipated as debt ceiling deal shifts markets’ focus to riskier assets
Global markets are poised for a relief rally as US negotiators have reached a tentative deal to resolve the ongoing debt crisis that has recently weighed on risk sentiment. As trading begins this week, attention will be focused on the US dollar, which has benefited...
How Valley National Bancorp’s recent plunge affects Israeli investors?
If you're an investor who follows the stock market, you may have heard about the recent plunge in Valley National Bancorp's (Nasdaq: VLM) stock price. This bank, which operates in several states in the USA, including New Jersey, New York, Florida, and Alabama, saw its...
Legal reform and political uncertainty weigh on Tel Aviv stock market’s performance in Q1
The Tel Aviv stock market's performance during the first three months of 2023 has been quite disappointing. According to IBI, one of the leading investment houses in Israel, the main indices in Israel (TA-35 and TA-90) underperformed in comparison to indices in Europe...
BP and Abu Dhabi National Oil Company offer to acquire 50% of Israel’s NewMed Energy
A joint offer was made by British Petroleum (BP) and the Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy (TASE: NWMD), which is owned by the Delek Group (TASE: DLEKG). The offer is at a price higher than the peak NewMed Energy reached on the Tel...
Portfolio
From volatility to stability: why bonds are the smart investment choice
In a world where stock market volatility keeps many potential investors at bay, seeking stability and reliable returns becomes paramount. If you find yourself...
Altshuler Shaham Investment House outperforms competitors by prioritizing returns over ESG Investments
In April, Altshuler Shaham (TASE: ALTF) Investment House returned to the top of returns table, surpassing competitors due to its astute investment decisions. The firm's success can be largely attributed to the fact that it has prioritised financial returns over...
Israeli banks brace for impact: will US banking crisis affect them?
The recent selloff in US bank shares has rattled investors, as fears about the solvency of regional lenders have intensified. The collapse of First Republic Bank, and its consequent takeover by JP Morgan, have contributed to the lack of stability in the market. All of...
Should you sell in May and go away? Conflicting opinions on summer markets and their impact on your investments
Wall Street indices have been remarkably strong over the past four months, with the S&P 500 index rising by 9% and the Nasdaq by 22%. However, this comes at a time when the summer months, which are considered weak, are around the corner. The "sell in May and go...
Why the Dow Jones Transportation Average is a key indicator for the economy
The Dow Jones Transportation Average, which tracks 20 large U.S. companies ranging from airlines to railroads to truckers, has underperformed the Dow Jones Industrial Average by about 8.3% since early February. This means that while the Dow Jones Industrial Average...
Real Estate
Declining trend: Israeli real estate market at its weakest since 2003
The Israeli real estate market is experiencing a significant downturn, with the number of deals closed in February decreasing by 41% compared to the previous...
Israel’s housing market: newly built properties decline in price while rents rise at highest pace since 2008
The Israeli real estate market is allegedly experiencing a price decrease for newly constructed properties, as stated in recently published reports. The broader market trend appears to be also heading in this direction in the not-too-distant future, despite the fact...
Israel’s apartment sales time doubles in eighteen months, indicating property market upheaval
The Israeli real estate market is dealing with a new economic reality: high interest rates that have not been seen in a decade. The number of transactions has been rapidly declining over the last six months, as there are now fewer buyers on the market due to an...
Leumi does not anticipate big price declines in Israel’s property market next year
According to the latest data released by Israel's Bureau of Statistics on Friday, house prices have registered an increase of 20.3%, making it the fastest annual rise in a decade. However, Leumi, the largest Israeli bank, anticipates seeing this trend change within...
Is Israel’s property market cooling?
According to data released by the Bank of Israel (BOI) this afternoon, the Israeli real estate market is continuing to contract. It shows that the overall value of mortgages obtained in November was NIS 7.6B, a 31% drop from the number of mortgages issued in the same...
From volatility to stability: why bonds are the smart investment choice
In a world where stock market volatility keeps many potential investors at bay, seeking stability and reliable returns becomes paramount. If you find yourself wary of the unpredictable swings of stocks, there's a compelling alternative that deserves your attention:...
Seamless shopping ambitions: Israeli tech company takes on Amazon in retail innovation
In a bid to revolutionize the retail industry, Israeli technology company Trigo has emerged as a trailblazer in seamlessly blending the convenience of online shopping with the immersive experience of physical stores that aims to compete with e-commerce giant Amazon....
NVIDIA and Israeli innovators forge revolutionary partnership to build AI cloud supercomputer
In an exciting advancement for the world of artificial intelligence (AI) and cloud computing, global graphics processing unit (GPU) leader NVIDIA has announced a groundbreaking partnership with Israeli innovators. The collaboration seeks to leverage the ingenuity and...
Shekel/Dollar exchange rate and current risks: a closer look at the Israeli economy
The recent approval of the state budget for 2023 and 2024 by the Knesset brought a sense of relief to the Israeli government. However, it did little to quell the volatility in the foreign exchange market, resulting in a weakened shekel against the US dollar. While...
Navigating market opportunities: leading Israeli bank advises investors to expand stock holdings
Last week, the Tel Aviv Stock Exchange experienced a decline of over 3%, signalling a return of fear to the local stock market after a period of positive momentum in April. In contrast, Wall Street's main index, the S&P 500, saw a slight increase of 0.3% in a...
Relief rally anticipated as debt ceiling deal shifts markets’ focus to riskier assets
Global markets are poised for a relief rally as US negotiators have reached a tentative deal to resolve the ongoing debt crisis that has recently weighed on risk sentiment. As trading begins this week, attention will be focused on the US dollar, which has benefited...
Financial strain: rising mortgage costs impact Israeli homeowners
In a recent move, the Bank of Israel raised the interest rate by 0.25%, causing a surge in anxiety among apartment buyers. According to a survey conducted by the Geocartography Knowledge Group and published by TheMarker, approximately 40.4% of mortgage borrowers are...
Bank Hapoalim reports impressive quarterly profit boosted by soaring interest income
Bank Hapoalim (TASE: POLI), has announced its financial results for the first quarter, revealing a remarkable profit of NIS 2.01 billion. The bank's exceptional performance can be attributed to a significant surge in interest income, which witnessed a substantial 49%...
Shekel weakens against dollar amidst security worries, hitting levels not seen since 2020
In light of the last night's approval of the budget, the value of the dollar experienced a notable surge today (Wednesday). The greenback has risen by 1.6% and was trading at around NIS 3.73 per dollar, reaching highs not seen since 2020. Yesterday, the dollar...
Bank of Israel increases interest rate for the 10th consecutive time, reaching 4.75%
The Bank of Israel has increased the interest rate for the tenth time in a row, bringing it to 4.75%, the highest level since 2006. This move by the central bank reflects its ongoing efforts to maintain economic stability amidst evolving market conditions. In a bid to...