The Bank of Israel has decided to keep the interest rate steady at 4.5% for the fifth consecutive time, navigating a challenging economic landscape marked by global and domestic uncertainties. This decision, while maintaining consistency, highlights a significant...
In a recent interview with Globes, the Governor of the Bank of Israel, Professor Amir Yaron, discussed the potential for an interest rate cut, suggesting it may only occur in the latter half of 2025. This outlook is contingent on the moderation of inflation, which...
Fitch Ratings has downgraded Israel's credit rating from A+ to A, citing a negative outlook, signalling the possibility of further downgrades in the near future. This decision aligns Fitch with other major rating agencies, Moody's and S&P, which downgraded...
In a recent investor update, the credit rating agency S&P has expressed heightened concerns over Israel's geopolitical and security risks, emphasizing that the potential for a broader conflict in the Middle East poses significant threats to the country. While...
Google’s parent company, Alphabet, is looking to acquire Israeli cybersecurity startup Wiz for approximately $23 billion. This potential acquisition, which would be the largest in Alphabet’s history, underscores the tech giant’s strategic push into the cybersecurity...
India is playing a pivotal role in producing missiles and drones for Israel, which are integral to Israel's "Iron Swords" war effort, as reported by Al Jazeera. This partnership underscores the significant defense cooperation between New Delhi and Jerusalem,...
In a major development, the oil commissioner at the Ministry of Energy has indicated that the Leviathan partnership could potentially export an additional 118 BCM (billion cubic meters) of natural gas, more than doubling current levels. While not an official export...
In a surprising turn of events, the Consumer Price Index (CPI) for May exhibited a modest increase of 0.2% on a monthly basis, defying earlier forecasts which had anticipated a rise of 0.5%-0.6%. Over the past year, the CPI climbed by 2.8%, mirroring the previous...
Starting next month, every new car sold in Europe will come equipped with a system known as Intelligent Speed Assistance (ISA), designed to limit vehicle speed. While some imported cars in Israel already feature this technology, the numbers are currently limited....
In recent months, there has been a growing consensus among financial experts that the Israeli stock market is poised for a significant rally. However, despite these optimistic forecasts, the market has yet to deliver the anticipated gains. While Wall Street's S&P...