With travel slowly returning to pre-war levels, airlines are cautiously resuming flights to Israel. British Airways is set to recommence its Tel Aviv-London route this week, marking a significant step in the country's aviation recovery. The anticipated surge in...
Stock Markets Reach New Heights Despite Economic Headwinds
In an unexpected divergence from conventional wisdom, global stock markets are experiencing a remarkable surge despite ominous signs of an economic slowdown. This phenomenon, observed across major exchanges in Frankfurt, London, Paris, Tokyo, and Tel Aviv, has...
Israeli Shekel Surges Against Major Foreign Currencies Following Fed Decision
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,...
Federal Reserve Keeps Interest Rates Unchanged
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...
Global Arms Trade Dynamics: Israel Among Top Ten Exporters
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...
Israeli Car Market Sees Surge in Electric Vehicles
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 Becomes First Muslim Nation to Resume Flights to Israel
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...
Bank of Israel Leaves Interest Rates Unchanged
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...
Shekel Strength: Factors Driving Stability in Israel’s Currency Market
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....
Intel’s $25 Billion Investment in Israel to Address Global AI Chip Crunch
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...