The global oil market has been on a rollercoaster ride recently, with prices soaring to levels not seen since November of the previous year. As of now, a barrel of Brent oil is fetching $94.4, while the American benchmark, WTI, is priced at $91.3. This bullish trend...
Israel's consumer price index (CPI) exceeded expectations in August, registering a monthly increase of 0.5%, pushing the annual rate to 4.1%, according to data released by the Central Bureau of Statistics. These figures not only exceeded early market estimates but...
Israel anxiously anticipates the imminent release of inflation data set for tomorrow, with markets bracing for a potential rebound to around 4%, following a recent drop to 3.3% in July. Across the globe, a surprise setback was experienced in the United States...
The recent fluctuations in the exchange rate between the US dollar and the Israeli shekel have left financial markets and investors in a state of uncertainty. The shekel has been losing ground against the dollar for some time now, and this trend shows no sign of...
Israel is facing an escalating fiscal challenge as its cumulative deficit over the past 12 months reached 1.3% of GDP in August. This marks an increase from the 1% deficit reported just a month ago. This is indicating that the actual deficit has surpassed the...
In a turbulent economic landscape, the Israeli shekel continues to weaken as the US dollar surges to new heights, crossing the 3.85 shekel mark. This marks a significant shift from the recent levels, and the trend shows no signs of abating. This depreciation of the...
The Bank of Israel has opted to maintain its benchmark interest rate at 4.75% for the second consecutive time, reinforcing market expectations and aligning with the consensus among leading economists. The decision comes after a series of consecutive rate hikes that...
Israel and Japan are making substantial progress towards a potential Free Trade Agreement (FTA), marking a significant milestone in international trade relations. After a hiatus of nearly a decade, negotiations were reignited in November 2022 and have gained momentum,...
Natural gas royalties have risen dramatically in Israel, with the country raking in over NIS 1 billion ($263 million) through June. When compared to the same period a year ago, this number represents a tremendous 23% growth. The Ministry of Energy and Infrastructure...
Last week, the Organization for Economic Co-operation and Development (OECD) unveiled its latest report on the cost of living across member countries. In an unexpected turn, Israel topped the table for 2022, unseating its counterparts. The assessment, which evaluates...