Category: Israel
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Yields on Israel gov’t shekel bonds reach 13-year high
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Growing fears of an escalation in the confrontation between Israel and Hezbollah in Lebanon have increased pressure on Israeli government bonds. Yields on long-term government bonds have risen in recent days, reflecting the increased risk that investors attribute to the state of Israel’s debt. The yield on 10-year shekel government…
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Israel layoffs reflect eBay’s global decline
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Until a decade ago, eBay was synonymous with online retail. Along with Amazon, it was the place to go for new and used items, some of which the platform marketed through limited-time auctions that offered discounts to those who managed to register in time. The auction format it pioneered, “bidding,”…
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Average wage in Israel remains high
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The average wage in the Israeli economy remains at record levels. In April 2024, the average wage in Israel was NIS 13,506, up 7.3% from April 2023, according to the Central Bureau of Statistics. However, there is a significant decrease from March 2023, when the average wage was NIS 14,000,…
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Israel spent $1.1b on nuclear weapons in 2023 – report
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The International Campaign to Abolish Nuclear Weapons ranked Israel seventh in terms of investment in nuclear weapons last year. The International Campaign to Abolish Nuclear Weapons estimates that Israel spent about $1.1 billion on nuclear weapons in 2023. The International Campaign to Abolish Nuclear Weapons was awarded the Nobel Peace…
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US has sent Israel thousands of 2,000-pound bombs since Oct. 7 By Reuters
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By Humeyra Pamuk and Mike Stone WASHINGTON (Reuters) – The Biden administration has sent Israel large numbers of munitions, including more than 10,000 highly destructive 2,000-pound bombs and thousands of Hellfire missiles, since the start of the war in Gaza, two U.S. officials familiar with an updated report said. List…
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Israel Railways electrification delayed by war and politics
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Over the past two years, work stoppages at night and on Saturdays, strikes, war, breakdowns and other delays have accumulated. As a result, the completion of the Israel Railways’ flagship strategic project of the past decade – the NIS 12 billion electrification of the national railway network – has become…
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Protests at Citigroup HQ over Israel and climate change reach fever pitch
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Citigroup Inc. urged employees not to get drawn into brawls with protesters targeting the bank’s New York headquarters, a sign that a prolonged activist campaign is beginning to affect employees and executives alike. Climate activists have sought to close the entrance to the bank’s main office since early June Video…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Israel upgrading plutonium in Dimona nuclear reactor – report
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Israel is modernizing its nuclear arsenal, according to the Stockholm International Peace Research Institute (SIPRI). Israel is developing plutonium for its reactor at the nuclear research facility in Dimona, according to the institute’s annual report. Stockholm International Peace Research Institute (SIPRI) on nuclear weapons. The researchers point out in their…
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Mortgage taking in Israel at highest since 2022
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Mortgage loans rose to NIS 7.8 billion in May 2024, according to preliminary figures released by the Bank of Israel today – the highest number since September 2022. Mortgage takings rose to NIS 7.8 billion in May 2024, according to preliminary figures released by the Bank of Israel today —…
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War pushes up housing prices in Israel
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The housing price index published by the Central Bureau of Statistics rose by 3.6% between November 2023 and March 2024 after falling by 2.5% in the previous ten months. The average price of an apartment in Israel in the first quarter of 2024 reached 2.23 million shekels, after the market…
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Inflation seen rising above Bank of Israel target range
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Israel’s Consumer Price Index (CPI) for May will be published tomorrow and the outlook is not optimistic. Analysts agree that the consumer price index rose by 0.5%-0.6% in May, bringing the inflation rate over the past 12 months to 3.1%-3.2%. This will be the first time this year that inflation…
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Israel centrist minister Gantz quits Netanyahu government By Reuters
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By Death Lobel JERUSALEM (Reuters) – Israeli Minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu’s emergency government on Sunday, withdrawing the only centrist force from the far-right coalition led by the embattled leader amid a months-long war in Gaza. Netanyahu issued a brief statement in which he…
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Hamas rejects Israel hostage deal – report
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The Saudi newspaper Al-Sharq reported that Hamas rejects the Israeli proposal because it does not guarantee a permanent ceasefire. The Saudi newspaper Al-Sharq reported that Hamas rejected the Israeli proposal after claiming that the offer was fundamentally different from the proposal made by US President Joe Biden. Hamas says the…
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Greylock and Sequoia to strengthen Israel operations
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Two major US venture capital firms are strengthening their operations in Israel, filling the void left by others such as Tiger Global and SoftBank that have significantly reduced their investments in Israeli startups. The first venture capital firm to return to Israel is Greylock, one of the largest firms in…