Iran’s regional dominance and its role as a key player in the global energy market have long been underpinned by its vast oil and gas reserves. However, the regime’s reliance on proxy organizations and its economic mismanagement have placed it in a precarious...
Israel’s economy posted a significant rebound in the third quarter of 2024, with GDP growing at an annualized rate of 3.8%, according to the Central Bureau of Statistics (CBS). On a quarterly basis, GDP expanded by 0.9% compared to the previous quarter, marking a...
Prof. Amir Yaron, Governor of the Bank of Israel, has stressed the gravity of Israel’s economic challenges, driven by the ongoing war and fiscal pressures, while calling on the government to act swiftly to mitigate long-term damage during his press conference today....
The Israeli economy, reeling from the recent geopolitical upheavals, faces an uncertain future, particularly with the shekel showing continued volatility. A report from Swiss banking giant UBS outlines three potential paths for the shekel in the wake of the conflict...
Despite the recent downgrading of Israel's credit rating by both Moody's and S&P, the Israeli defense industry shows no signs of slowing down. The sector continues to thrive, unveiling new projects, securing substantial contracts, and maintaining a strong outlook...
Israel's credit rating has faced another blow as the global credit rating agency S&P downgraded the government's rating by one notch from A+ to A, with a negative outlook. This follows an earlier downgrade by Moody's, signalling increasing concerns over Israel's...
In a surprising move, Moody's credit rating agency delivered a blow to the Israeli economy, downgrading its credit rating from A2 to Baa1, with a continued negative outlook. This is the lowest rating Israel has received since Moody's began assessing the country in...
The Central Bureau of Statistics released the latest Consumer Price Index (CPI) data this evening, revealing a significant rise in inflation. The CPI for August increased by 0.9%, pushing the 12-month inflation rate to 3.6%. This surge in prices raises expectations...
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...