Fitch Ratings has downgraded Israel's credit rating from A+ to A, citing a negative outlook, signalling the possibility of further downgrades in the near future. This decision aligns Fitch with other major rating agencies, Moody's and S&P, which downgraded...
In a recent investor update, the credit rating agency S&P has expressed heightened concerns over Israel's geopolitical and security risks, emphasizing that the potential for a broader conflict in the Middle East poses significant threats to the country. While...
Google’s parent company, Alphabet, is looking to acquire Israeli cybersecurity startup Wiz for approximately $23 billion. This potential acquisition, which would be the largest in Alphabet’s history, underscores the tech giant’s strategic push into the cybersecurity...
India is playing a pivotal role in producing missiles and drones for Israel, which are integral to Israel's "Iron Swords" war effort, as reported by Al Jazeera. This partnership underscores the significant defense cooperation between New Delhi and Jerusalem,...
In a major development, the oil commissioner at the Ministry of Energy has indicated that the Leviathan partnership could potentially export an additional 118 BCM (billion cubic meters) of natural gas, more than doubling current levels. While not an official export...
In a surprising turn of events, the Consumer Price Index (CPI) for May exhibited a modest increase of 0.2% on a monthly basis, defying earlier forecasts which had anticipated a rise of 0.5%-0.6%. Over the past year, the CPI climbed by 2.8%, mirroring the previous...
Starting next month, every new car sold in Europe will come equipped with a system known as Intelligent Speed Assistance (ISA), designed to limit vehicle speed. While some imported cars in Israel already feature this technology, the numbers are currently limited....
In recent months, there has been a growing consensus among financial experts that the Israeli stock market is poised for a significant rally. However, despite these optimistic forecasts, the market has yet to deliver the anticipated gains. While Wall Street's S&P...
The yield on Israeli 10-year bonds surpassed the 5% threshold, marking its highest level in 13 years. This surge occurred just hours before the Bank of Israel's announcement on May 27 to maintain the interest rate at 4.5%. Despite the decision to keep the rate steady,...
The Bank of Israel has maintained the interest rate at 4.5%, marking the third consecutive time this year that the central bank has opted to leave the rate at current levels. This decision aligns with the predictions of leading economists, who anticipated no change on...