The recent appreciation of the shekel against the dollar and other major currencies in Israel has continued to gain momentum, with significant fluctuations observed in the forex market. On Wednesday, the dollar weakened by 1.7% against the shekel, reaching a level of...
Fitch Ratings, American credit agency, has assessed Israel's budget deficits and their impact on the country's debt compared to its economic output (GDP). Despite the return of budget deficits, Fitch Ratings believes that Israel's debt relative to its GDP will...
In an exciting advancement for the world of artificial intelligence (AI) and cloud computing, global graphics processing unit (GPU) leader NVIDIA has announced a groundbreaking partnership with Israeli innovators. The collaboration seeks to leverage the ingenuity and...
The recent approval of the state budget for 2023 and 2024 by the Knesset brought a sense of relief to the Israeli government. However, it did little to quell the volatility in the foreign exchange market, resulting in a weakened shekel against the US dollar. While...
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...
In light of the last night's approval of the budget, the value of the dollar experienced a notable surge today (Wednesday). The greenback has risen by 1.6% and was trading at around NIS 3.73 per dollar, reaching highs not seen since 2020. Yesterday, the dollar...
The Bank of Israel has increased the interest rate for the tenth time in a row, bringing it to 4.75%, the highest level since 2006. This move by the central bank reflects its ongoing efforts to maintain economic stability amidst evolving market conditions. In a bid to...
Last month, official data revealed a significant milestone for Beijing in its efforts to internationalize the yuan. In March, the yuan surpassed the dollar as the most widely used currency for cross-border transactions in China. While this achievement may seem...
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...
Inflationary pressures in Israel show no signs of abating, as the latest data from the Central Bureau of Statistics reveals a 0.8% increase in the consumer price index for the previous month. Over the past year, the index has risen by 5%, maintaining the same level as...