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...



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...





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Real Estate


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...


Financial strain: rising mortgage costs impact Israeli homeowners

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...

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