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...
The shekel experienced a downturn in the local foreign exchange market on Tuesday, following a day of declines driven by subdued trading volumes amid Wall Street holiday closures. This morning, the greenback strengthened by 0.7%, pushing the dollar above NIS 3.64,...
In January, the consumer price index (CPI) in Israel maintained stability, showing no change compared to the previous month. Over the last year, from January 2023 to January 2024, the index experienced a decline from 3% to 2.6%, aligning with economists' predictions...
In a move that has sent shockwaves through financial markets, Moody's Investors Service downgraded Israel's credit rating for the first time in history. Dr. Gil Bafman, Chief Economist of Bank Leumi, shed light on the downgrade, emphasizing that it wasn't entirely...
The battle for acquiring a controlling stake in the leading Israeli supermarket chain Shufersal is heating up. Just one day after the announcement of the Amir brothers' bid to gain control of the company, a prominent businessman Zvika Williger, who oversees the food...
In recent days, the shekel has displayed notable strength against major currencies, particularly the US dollar and the euro. This surge in value, particularly against the dollar, has left analysts and economists intrigued by the factors behind this sudden...
In the wake of the ongoing war with Hamas in Gaza, Turkey has intensified its anti-Israel stance, shifting from political rhetoric to concrete economic measures. The latest development in this growing diplomatic rift involves Turkey's decision to remove Israel from...