Bank of Israel Keeps Interest Rate Unchanged at 0.25%

In the year to date, the shekel has strengthened by six percent, increasing in value by 1.2 percent since last month.

Israel Wraps Up Second-Highest Defense Export Year in Past Decade

The close cooperation between the IDF and defense industries, and Israeli willingness to allow clients to produce Israeli technology, are part of the success.

Eurovision Mega-Festival Fizzed Out, But We Hear Great Things about Lag B’Omer

On Sunday morning, Ha'aretz ran an op-ed calling for the cancellation of Lag B'Omer.

It’s All Business (and a Little Socializing) at Collaborative Israeli-Anglo Forum in Jerusalem

Several hundred entrepreneurs and business professionals gathered to introduce their products and services, network, hear lectures and attend workshops at the Orthodox Jewish Chamber of Commerce’s second annual Anglo-Israeli/American Jerusalem Expo and Conference.

El Al Begins Direct Flights from Tel Aviv to Las Vegas

The new route begins on June 13 and will depart Ben Gurion International Airport on Friday mornings.

Egged On Track to Sell Public Transport Cooperative

By the end of 2030, all Egged bus routes will be opened up to competition.

Teva’s Recovery Hopes Mired in Staggering Antitrust Lawsuit, $26.7 Billion Debt

“Teva is a consistent participant in the conspiracies identified in this complaint, but the conduct is pervasive and industry-wide.”

Gaza Rockets Caused $14 Million in Property Damage

As of Monday the Israel Tax Authority had received 291 requests to cover the cost of repairs to buildings in southern Israel. The largest number of requests were for buildings in Ashkelon (142), followed by Ashdod (79), Sderot (24) and Kiryat Gat (20).

Qatar Rewards Hamas’ Violence to the Tune of $480 Million

While Hamas and the PA are half a billion dollar richer, Israel, with a growing budget deficit of more than 3% and counting, is licking its wounds.

Israel’s Tamar Gas Field Supplies Interrupted by Rocket Fire

Fifty-four percent of Israel’s electricity production is from Tamar natural gas.
A Gazan showing the money he withdrew from an ATM in Rafah in the southern Gaza Strip.

PA Prepares to Disconnect from Israel’s Economy

Analysts have criticized this economic strategy, which they say is not supported by proper planning or emergency funding. The viability of such a move is almost impossible, they point out.

Amazon is About to Arrive in Israel, For Real

"Amazon is making giant strides in Israel, quietly and confidently. It is interested in the Israeli market.”

IMF Official: Iran’s Economy Expected to Shrink, Inflation Could Reach 40 Percent

The projection comes amid U.S. sanctions that were lifted under the 2015 nuclear accord, but reimposed in November under the Trump administration, in addition to new economic penalties against Tehran.

FDA Approves Israeli Generic Treatment for Opioid Overdose

Since 2016, naxalone has been available without a prescription in the United States as a nasal spray under the brand name Narcan.

Israel Sets New All-Time Record In Using Renewable Energies

Israel has developed some of the world’s most advanced solar energy equipment and enjoys sunshine almost year-round.

Bar Refaeli Loses DiCaprio Defense, Will Pay Taxes on Tens of Millions

Judge Bornstein questioned why Leonardo DiCaprio had not been brought to testify

Israel’s Electric Company Signs Deal with General Electric to Build New Units Near Hadera

The first unit is scheduled to begin production in June 2022; the second is set to begin about six months later.

Report: East Broadway Building Housing UJC, Agudas Harabonim, Poilishe Shtible, Sold

120 years later, this major part of Jewish history has been downgraded to a miscellaneous religious facility in Chinatown…

Large Gas Discovery at Karish North, Off Northern Israeli Coast

"[This] further demonstrates the attractiveness of our acreage offshore Israel."

Rami Levy to Build ‘Reasonably Priced’ Hotel in Jerusalem

The 180-room hotel will take up to three years to build, and is to be located near the Armon Hanatziv Sherover Promenade.

Wix Announces Plans for New Headquarters in Tel Aviv

The new facility is slated to measure nearly 550,000 square feet and cost about $418 million to build.

Elbit Sells Asia-Pacific Country $30 Million in High-Precision Guided Mortars

STYLET's high accuracy provides ground forces with an affordable precise solution that is easy and quick to operate.

Airbnb Cancels Anti-Israeli Boycott

The decision was the direct result of the lawsuits against Airbnb's for their anti-Israel boycott.

Bank of Israel Keeps Interest Rate Unchanged at 0.25 Percent

Since the last interest rate decision, the shekel strengthened by 1.2 percent in terms of the nominal effective exchange rate.

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