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As the new year unfolds, the Israeli shekel is experiencing heightened volatility, with the dollar making significant gains against the local currency. At the start of the week, the exchange rate stood at NIS 3.6, but a sudden depreciation led to a spike, reaching NIS...
In a surprising move, the Bank of Israel announced on Monday its decision to cut interest rates by 0.25%, marking the first reduction since the onset of the coronavirus crisis in March 2020. The rate now stands at 4.5%, following a series of 10 consecutive increases...
The year 2023 brought unprecedented challenges to the State of Israel, marked by internal strife over justice system reforms and a harrowing war triggered by a murderous Hamas attack near Gaza. Amidst the turmoil, the Israeli economy faced uncertainties, leaving...
Despite the global economic upheavals in 2023, Israeli companies on Wall Street experienced a remarkably successful year, with the top 10 companies collectively reaching a valuation of over $130 billion. This surge represents an impressive 30% increase compared to the...