The Israeli shekel has seen a significant surge in value against major foreign currencies, with the dollar plummeting by approximately 2% against the shekel and trading below the 3.6 shekels mark. Even the euro has witnessed a sharp depreciation against the shekel,...
In a widely anticipated move, the United States Federal Reserve announced its decision to maintain the interest rate at 5.5%. This decision aligns with early forecasts, which projected a 98% likelihood of the interest rate remaining unchanged, keeping it at a 22-year...
Amidst the backdrop of the ongoing conflict in Ukraine and rising tensions in various regions, a recent report from the Stockholm International Peace Research Institute (SIPRI) sheds light on significant shifts in the global arms trade landscape. Covering the period...
Recent data on vehicle deliveries in Israel for the months of January and February 2024 reveals a notable trend toward electric vehicles (EVs), particularly those manufactured in China. Despite an overall decline in vehicle deliveries by approximately 16.9% compared...
Azerbaijan Airlines (AZAL), the national flag carrier of Azerbaijan, is set to be the first Muslim country to resume flights to Israel following a hiatus prompted by regional tensions. The decision comes after a five-month suspension due to the outbreak of the war...
Recent speculation from foreign financial institutions suggested an impending interest rate cut by the Governor of the Bank of Israel, Prof. Amir Yaron. However, in a move that surprised many, the Bank of Israel opted to maintain the interest rate at 4.5%, defying...
Since the onset of the year, the local foreign exchange market in Israel has exhibited commendable stability. Notably, the shekel has demonstrated resilience, strengthening against the dollar to trade at a rate of 3.63, despite recent growth data publications....
In a groundbreaking event held in San Jose, California, Intel has unveiled its ambitious plans to reshape the semiconductor landscape, marking a pivotal moment in the company's quest to reclaim its position as a leader in chip manufacturing. The disclosures were made...
The Bank of Israel is set to announce its decision on the interest rate next Monday, February 26, following a recent reduction of a quarter of a percent last month, bringing it down to 4.5%. The prevailing sentiment in recent weeks had leaned towards a wait-and-see...
Following the recent meeting between the President of Israel, Yitzhak (Boji) Herzog, and Azerbaijan's President, Ilham Aliyev, during the Munich Security Conference, new data from Baku reveals an intriguing development in oil exports. In January, Israel surged to the...