Category: Israel
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Ryanair cancels Israel flights until end of October
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Ryanair has announced that it has cancelled all flights to and from Israel until October 27, after the holiday break. The Irish low-cost airline had announced last month that it would resume flights at the end of September. The latest announcement comes as several airlines have resumed flights to Israel…
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Lufthansa Group announces resumption of Israel flights
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The Lufthansa Group, which includes Lufthansa Airlines, Austrian Airlines, Brussels Airlines, Swiss International Air Lines and Eurowings, announced that it will resume flights to and from Israel starting September 5, after a hiatus of more than a month. The group operates several flights to various destinations in Europe. Following the…
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UK suspends some arms exports to Israel
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The British Foreign Office announced today during a parliamentary debate that the British government has decided to partially suspend arms exports to Israel due to the war in Gaza. The government took this decision after a review lasting almost two months, which found that British arms and defence exports “may…
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Israel stocks lower at close of trade; TA 35 down 0.88% By Investing.com
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Investing.com – Israeli stocks were lower after the close on Sunday, as losses in the banking and services sectors led shares lower. At the close of trading in Tel Aviv, the index fell by 0.88%. The best performers in the session were: Energix (TASE:), which rose 0.85% or 11.00 points…
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Israel recovers six hostage bodies in Gaza as polio vaccinations start By Reuters
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By Ari Rabinovitch and Nidal al-Mughrabi JERUSALEM (Reuters) – The Israeli military said on Sunday it had recovered the bodies of six hostages from a tunnel in the southern Gaza Strip where they were apparently killed shortly before Israeli forces reached them. The Israeli military said it had recovered bodies…
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Evacuees pushing up rents in northern Israel
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Is the mass evacuation of Israel’s northern border area affecting the rental market in neighboring areas? Our examination of the major northern cities reveals that rents there have already risen by hundreds of shekels a month. The Knesset Research and Information Center estimates that some 68,500 people have been evacuated…
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Israel Post Q2 profit down as war depresses business
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The Israel Postal Company’s financial statements for the second quarter show a rise in revenues, but a sharp decline in net profit. These are probably the last financial statements published by the Israel Postal Company, which continues to operate under the authority of state companies, as its privatization and sale…
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Gasoline prices in Israel to fall Saturday night
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The Israeli Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95-octane gasoline at self-service stations in Israel will be reduced as of midnight on Saturday, September 1, by NIS 0.19 per liter to NIS 7.29 per liter. The Israeli Ministry of Energy and Infrastructure announced that…
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Bank of Israel keeps rate unchanged, sees inflation rising
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The Monetary Committee of the Bank of Israel announced that it left the interest rate unchanged at 4.5%, as expected. This is the fifth time in a row that the Bank of Israel has kept the interest rate unchanged, after cutting it from 4.75% in January. The Bank of Israel…
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New tax benefit eases home purchase for immigrants to Israel
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As of August 15, 2024, new immigrants will be eligible for a significant tax break when purchasing a home in Israel, following an amendment to the purchase tax regulations. The arrangement designed to help new immigrants in the past was not ideal. The old regulation (Regulation 12) stipulated that any…
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Hezbollah chief says Sunday attack on Israel went as planned, further strikes possible By Reuters
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BEIRUT (Reuters) – Hezbollah leader Sayyed Hassan Nasrallah said on Sunday his group would assess the impact of its missile and drone attack on Israeli military targets earlier in the day before deciding whether to carry out further attacks to avenge its slain commander. The leader of the Lebanese militant…
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Israel stocks higher at close of trade; TA 35 up 1.97% By Investing.com
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Investing.com – Israeli stocks were higher after the close on Sunday, as gains in the banking and financial services sectors led shares higher. At the close in Tel Aviv, the index rose 1.97% to reach an all-time high. The session’s top performer was Enlight Renewable Energy Ltd (TASE:), which rose…
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Israel launches pre-emptive attack on Hezbollah, which fires hundreds of missiles in return
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Israel has declared a 48-hour state of emergency after carrying out a preemptive strike on Hezbollah positions in southern Lebanon, as the Iran-backed militant group launched what it said was its initial response to the killing of its military chief by Israel last month. The Israeli military said it sent…
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Prytek buys control of Israel fintech co TipRanks
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Singapore based technology company britek Buying control of Israeli financial information company Tip Ranks The companies announced the $200 million deal this morning. Prytek will acquire a 40% stake in TipRanks from the founders, employees and some investors, and will become the controlling shareholder in the company with a total…
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Inflation in Israel rises back above target range
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Israel’s consumer price index rose 0.6% in July, slightly above expectations. In the 12 months to the end of July 2024, the inflation rate rose to 3.2% from 2.9% at the end of June, according to figures released by the Central Bureau of Statistics today. As a result, inflation rose…
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The economist predicting a post-war rebound for Israel
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Financial markets have been a whirlwind these past few weeks, and for good reason. Surprising macroeconomic figures and dramatic security and political events around the world have made volatility the name of the game. “You only have to look at the past month and see the series of events we…