Israel-Gaza War, Economy
Globes: Consumption up almost everywhere, including in north and south

Despite inflation and displacement, Israeli local consumption is rebounding - with some caveats.

Avi Woolf | 09.04.24

Israel-Gaza War, Economy

Fitch maintains Israel credit rating at A+, but pans its economic outlook as 'negative'

This decision stands in contrast to Moody's, which has both changed Israel's economic outlook to 'negative' and downgraded its credit rating.

Avi Woolf | 02.04.24

Tech, Finance

Jeff Bezos takes top spot on Bloomberg's Billionaires Index, knocking Elon Musk to second place

Meanwhile, Bernard Arnault, who had previously defeated Musk for the top spot, is now ranked the third wealthiest person in the world.

Avi Woolf | 05.03.24

Israel-Guatemala Relations

Globes: Israeli free trade agreement with Guatemala goes into effect today

The new agreement will include mutual tariffs reductions on each others' exports.

Avi Woolf | 29.02.24

Economics, Currency

Calcalist: Dollar drops to 3.59 NIS, Euro to 3.88 NIS

Meanwhile, JP Morgan informed its clients that the Bank of Israel maintained the current interest rate due to the government's expansionary budget policy.

Avi Woolf | 28.02.24

Israel-Gaza War, Taxes

Knesset Finance Committee approves raising VAT to 18% to cover wartime shortfall

The tax increase now goes to the Knesset for a second and third vote. Members of the committee, including on the coalition, criticized the move as too easy and harming the weakest members of society.

Avi Woolf | 20.02.24

Israel-Gaza War, E-Commerce

Globes: Israelis are back to buying online - especially from China and supermarkets

An analysis by Globes shows that after a significant drop at the beginning of the war, Israelis are back to ordering online.

Avi Woolf | 19.02.24

Israel-Gaza War, Economy

Mixed news from January 2024 jobs report

The number of unemployed ticked up slightly, while the number temporarily absent or who ceased looking for work has gone down since December.

Avi Woolf | 19.02.24

Consumer Price Index, Inflation

Calcalist: Annual Inflation is down to 2.6, CPI unchanged

While this should mean coming reductions in the interest rate, but the Bank of Israel is likely to wait on the effects of Moody's downgrading of Israel's rating and the state budget.

Avi Woolf | 15.02.24

Israel-Gaza War, Economy

Finance Ministry Accountant General Says Moody's Downgrade Too Reliant on Hypotheticals

The Accountant General gave a press conference today where he said Israel is paying its debts and has bounced back from crises before, such as corona or geopolitical instability.

Avi Woolf | 12.02.24

Jared Kushner, Finance

Jared Kushner's Affinity Partners Acquires 15% of Israeli Shlomo Group

The acquisition marks yet another example of Trump's son in law moving to invest in Israeli companies and demonstrate confidence in the country as a whole.

Avi Woolf | 01.02.24

Environment, ESG

EIB to invest 250 million Euros in Israeli Green Projects

The European Investment Bank or EIB signed a memorandum of understanding with Bank Leumi to promote green projects launched by small and medium businesses.

Avi Woolf | 01.02.24

Red Sea, Houthis, Shipping

Red Sea Shipping Woes Driving Freight Rates Up Faster Than During COVID-19

Xeneta, an Oslo-based ocean freight benchmarking firm, assesses that while rates are not as high as they were during the pandemic, the rate increase due to the Houthi attacks has been more rapid.

Avi Woolf | 30.01.24

Elon Musk, Louis Vitton

Elon Musk Loses "Richest In the World" Top Spot Due to Stock Woes

Due to instability in his Tesla company stock, Elon Musk recently lost his title as the richest man in the world to the owner of Louis Vuitton.

Avi Woolf | 28.01.24

Finance, Bill Ackman

Bill Ackman Buys 5% of Tel Aviv Stock Exchange

The Jewish billionaire and Harvard critic recently bought 5% of the TASE for 95 million NIS with his wife Neri Oxman, part of a general sale of local bank holdings in the TASE.

Avi Woolf | 24.01.24

Houthis, Red Sea, Europe-Asia 

Reuters: Short-Term Consequences of Houthi Blockade Not Devastating for Europe, But Not Good

The slack in the global economy is cushioning the blow to the effective blockade of shipping through the Red Sea, but the risks are increasing.

Avi Woolf | 23.01.24

China, Economy

China Experiences Lowest Growth in Over Twenty Years, Excluding Pandemic Years

China's published GDP numbers show the lowest official growth rate since 1990, excluding the pandemic years. A shrinking population, real estate woes, and tensions with western countries have all contributed to a lack of confidence.

Avi Woolf | 17.01.24

Reservists: Property Tax Discount

Municipality Announced: Property Tax Discount for Reservists

The Municipality of Karmiel is the first council to grant a discount of up to 25% of the general property tax to residents of the city serving in the reserves in the "Swords of Iron" war.

JFeed Staff | 02.01.24

Israel-Gaza War, Bank of Israel, Economy

Bank of Israel Cuts Interest Rate by 0.25% Amid Cautiously Optimistic Forecast

After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.

Avi Woolf | 01.01.24

Economy, MedTech

Israeli MedTech Companies Suffered Tough Year in 2023, With One Exception

The sharp decline in interest in medical technology with the decline in COVID-19 and the country's domestic challenges and the war have meant tough times for its medtech sector.

Avi Woolf | 01.01.24