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...
In its recent quarterly report on Israel, S&P Global, the New York-based credit rating agency, has affirmed the country's credit rating at AA- with a "stable" outlook. This rating reflects Israel's strong economic fundamentals, including a diverse and prosperous...
The property market in Israel is showing signs of cooling as demand continues to decrease. According to data from the Bank of Israel published yesterday, the total amount of mortgages taken out by the public in April was NIS 4.612 billion, down 32% from the previous...
Electra Consumer Products (TASE: ECP), after a year of preparation, a well-orchestrated marketing campaign, and an investment of NIS 250 million, is opening fifty stores of the international retail chain Carrefour across Israel tomorrow. Carrefour is a multinational...
Economists warn that Israel is unlikely to meet its fiscal deficit target for 2023 as they anticipate a decline in tax revenue following the negative impact of the planned judicial reform on the local economy. One of the nation's largest banks, Hapoalim and Meitav...
When the 400-year rule of the massive Ottoman Empire ended in 1917, the Holy Land was abandoned, a landscape of unproductive deserts and Malaria infested swamps. Despite the stark terrain, ten young men began their trek to their ancestral homeland in the late 1800s...
Moody’s recent downgrade and S&P’s upcoming credit rating decision for Israel have been making headlines. Moody’s lowered Israel's credit outlook from "positive" to "stable," which stems from the government's promotion of the legal revolution, according to Kathryn...
According to a recent document released by the Bank of Israel, it is currently considering the issuance of a digital shekel. The move toward a Central Bank Digital Currency (CBDC) is intended to provide a faster, less expensive, and more secure alternative to...