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Energy and Infrastructure Minister Israel Katz has announced the approval of an increase in natural gas exports from Israel's Tamar reservoir to Egypt. The expansion will result in the addition of approximately 6 billion cubic meters (BCM) of natural gas per year...
In a significant development, the Israeli shekel experienced a notable devaluation against the US dollar, breaching the NIS 3.80 threshold at the onset of this week's foreign exchange trading. Although the dollar initially surged to NIS 3.803 – a level reminiscent of...
Israel's economy continued to demonstrate resilience and growth in the second quarter of the year, with the Central Bureau of Statistics (CBS) revealing a solid GDP growth rate of 3%. This announcement, made on Wednesday, aligns closely with the Bank of Israel's...
Israel's latest inflation figures have taken both analysts and the market by surprise. The Central Bureau of Statistics announced on Tuesday that the Consumer Price Index (CPI) rose by a modest 0.3% in July 2023. Over the past twelve months, the index has increased by...