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...
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...
Despite yesterday's positive report from Fitch Ratings and its affirmation of Israel's credit rating, the shekel weakened against key foreign currencies in the last 24 hours, painting a picture of a fluctuating financial landscape. In today's trading session, the...