The increasing cost of living prompted by a spike in energy commodities and the resultant energy crisis, continue to make headlines not only in Israel but around the world.
Is Israel protected from the energy crisis?
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Economy
Will demand for coffee fall as the price rises?
For the vast majority of Israelis, coffee drinking culture has become an inseparable part of their lives. In fact, it is so strong that coffee giant Starbucks has failed to break into the local market where Israeli Café Aroma and a myriad of small coffee shops have...
Israel provides air defence system to UAE
According to a report by Reuters, the Israeli government agreed to sell its Spyder (Surface-to-air Python and Derby) air defence system developed by Rafael to the UAE. This deal is unique as it is the first time this type of equipment has been sold to a Gulf country. ...
Did the stock market reach the bottom or is the worst still to come?
When it comes to stock market volatility, this year has been unlike any other in a very long time. In Israel, this has been felt to a lesser degree compared to the main indices in the US and Europe. In fact, at present, it is only just over 2% down since...
Karish gas field is gearing for opening despite the new Hezbollah threat
Usually, under normal circumstances, a country that has natural resources would grant a license to a company to extract them and to sell them to the public at some point when commercially viable. However, there is nothing usual about the Karish gas field in Israel....
Israel’s GDP jumps by 6.8% in the second quarter
The Central Bureau of Statistics announced that the GDP increased by 6.8% in the second quarter of 2022 compared to the first quarter of the year. After experiencing a 2.7% decline in Q1, the data shows a recovery in the Israeli economy. The rate of growth is the same...
There is good news despite the global economy’s slowdown
It is difficult nowadays to avoid hearing major news outlets address the issue of inflation. Even in Israel, where the inflation rate is almost half that of the US and Europe, you see the media discussing the matter quite frequently. Clearly, the public is unhappy...
Israel’s record gas production boosts state coffers
When Leviathan, one of the largest offshore natural gas fields, was first discovered in 2010, the goal was that it would bring in a sizable amount of money for the state and contribute to the nation being somewhat energy independent. According to a report published by...
Israel’s GDP grows strongest in the OECD
The Israeli economy has shown the fastest growth in the OECD after GDP shrank by 2.7% in the first quarter of the year. The Central Bureau of Statistics says that Israel's GDP increased 6.8% on an annualized basis in the second quarter of 2022. The data defy...
CPI reading accelerates in July
Israel's yearly inflation rate has soared above 5%, on an annual basis, as home prices have increased by almost 18%. The Central Bureau of Statistics stated this evening that Israel's Consumer Price Index (CPI) increased by 1.1% in July, considerably exceeding the...