This year, Tuesday, November 8 is a very important date on the calendar. It is the day of the midterm elections. It is critical not only for Americans but also for the global capital markets. Especially in Israel, where a large number of businesses rely on how well...
Energean discovers 13 bcm of natural gas off Israel’s coast
Energean PLC has announced a 13 billion cubic metre (bcm) commercial natural gas discovery off the coast of Israel at its Zeus exploration well. It has also confirmed the discovery of an additional 3.75 bcm at its Athena site. Though preliminary estimates show that...
Israel Aerospace Industries’ ballistic missile shield deal with EU to rise to €3B
The U.S. Department of Defence is considering requests from the Israeli and German defence ministries to authorise the sale of Arrow-3 ballistic missile interceptors developed by Israel Aerospace Industries (IAI). Given that the United States paid for a sizable...
Is Israeli property bubble about to burst?
Since the aftermath of the 2008 Global Financial Crisis, the Israeli property market has been on the rise. The combination of low-interest rates and a thriving economy resulted in a tremendous expansion in the property market. In addition, the complexity of getting...
Annual inflation rate remains at 4.6% in September
Despite recent sharp increases in the Bank of Israel's (BOI) interest rates, the annual consumer price index (CPI) stayed at a rate of 4.6% in September, according to data released on Friday by the Central Bureau of Statistics. It is slightly above the market's...
Israel reaches historic maritime agreement with Lebanon
It looks like we have finally arrived at the point in history where Israel and Lebanon have agreed to delineate the maritime border. It is especially significant as both countries do not have diplomatic relationships and, technically, are still in a state of war. The...
China’s property woes remain overlooked by markets
China has recently experienced an unprecedented decline in home sales since it allowed private property transactions in the late 1990’s. This current crisis appears to have been caused by a number of factors.
Energean announces new gas discovery off Israeli coast
The UK-Greek energy exploration and production firm has informed the Tel Aviv and London stock exchanges of a significant natural gas discovery in commercial quantities in the Hermes field off the Israeli coast.
OPEC aims to raise oil prices by cutting daily output
In a world where private enterprise sets the tone for economic growth, there are still some countries that refuse to adopt such an approach and instead attempt to manipulate the prices of natural resources in order to prop up their own interests. One such entity is...
Bank of Israel presses on with interest hike
The Bank of Israel raised the interest rate for the fifth consecutive time, to 2.75%, as many had anticipated.