Category: Israels
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Morocco becomes huge customer for Israel’s defense industry
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yesterday Israel Aerospace Industries Israel Aerospace Industries (IAI) has announced a $1 billion, five-year deal with an unnamed third party. Foreign media reported that the deal relates to satellites first announced last year. The presence of IAI CEO Amir Peretz in Morocco when the deal was announced also bolstered the…
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Israel’s fiscal deficit widens further
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The fiscal deficit reached 7.6% of GDP over the past 12 months, according to Finance Ministry Accountant General Yali Rothenberg. According to the Finance Ministry’s General Accountant Yali Rotenberg, Israel’s fiscal deficit widened further in June, reaching 7.6% of GDP over the past 12 months, or NIS 146 billion, up…
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Israel’s forex reserves fell in June
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The Bank of Israel reported that Israel’s foreign exchange reserves amounted to approximately $210.278 billion at the end of June 2024, a decrease of $232 million from their level at the end of May. The Bank of Israel reported that Israel’s foreign exchange reserves at the end of June 2024…
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Geopolitics: Head of Israel’s Mossad returned from Doha after initial cease-fire meetings
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Israel’s Defense Ministry spending NIS 30b on local procurement
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Since the start of the war in October, the Israeli Ministry of Defense has spent NIS 30 billion, including value-added tax, on domestic purchases, according to information from the Defense Ministry’s Production and Procurement Department, seen by Globes. More than half of this amount was spent on defense equipment, ammunition…
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Will rash of new medical schools solve Israel’s doctor shortage?
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In recent years, academic institutions in Israel have rushed to open medical schools. Over the past few months, the University of Haifa and the Weizmann Institute have announced that they will open schools, joining Ariel University, which opened a medical school in 2019, and Bar-Ilan University, which did so a…
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Israel’s fiscal deficit widens to 7.2%
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Israel’s fiscal deficit continued to widen in May, reaching 7.2% of GDP over the past 12 months, or NIS 137.7 billion, according to Finance Ministry Accountant General Eli Rotenberg, compared to 6.9% of GDP. At the end of April. The fiscal deficit target for the end of 2024, as set…
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Israel’s forex reserves back on the rise
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Israel’s foreign exchange reserves at the end of May 2024 amounted to $210.508 billion, an increase of $2.399 billion from their level at the end of April, the Bank of Israel said. Israel’s foreign exchange reserves at the end of May 2024 amounted to $210.508 billion, an increase of $2.399…
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Is Israel’s tech industry bouncing back?
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Two years ago, in May 2022, trouble began brewing for Israel’s tech industry. The prestigious and flourishing that had been producing a new unicorn almost every week and hundreds of new millionaires every month, began to creak. Six months after stock markets began falling, and two months after the US…
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Israel’s Groundbreaking Digital Shekel Challenge
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Source: Coin Journal In a strategic move to revolutionize the financial landscape, the Bank of Israel is moving forward with the development of the central bank digital currency (CBDC), the digital shekel. Recognizing the transformative potential of this innovative payment solution, the Bank of Israel (BoI) launched the “Digital shekel…
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130 top economists warn gov’t policy endangers Israel’s existence
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Today, 130 of Israel’s leading economists published a harsh letter strongly warning that the government’s policy is leading the country towards the abyss and endangering its very existence. Economists say this is due to a combination of the increased burden of military reserves on the working population and the continued…
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Israel’s National Insurance faces an empty purse by 2036
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“In 2036, the fund will be empty, and without additional financing or the return of the funds taken to the state treasury, the National Insurance Corporation will not be able to meet its full obligations,” the Israel National Insurance Corporation’s latest actuarial report states. The date on which the National…
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Israel’s GDP jumps but still below pre-war level
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According to the Central Bureau of Statistics’ preliminary estimate, Israel’s GDP rose by an annual rate of 14.1% in the first quarter of 2024, or by 3.3% in the same quarter. This comes after a decline of 21.7% year-on-year in the last quarter of 2023, in which the Iron Sword…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
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UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…
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On Independence Day eve Israel’s population reaches 9.9m
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The population has grown by 1.9% or 189,000 since the last Independence Day, the Central Bureau of Statistics reports. Israel’s population reached 9.9 million on the eve of Israel’s 76th Independence Day, the Central Bureau of Statistics reported. The population has grown by 1.9% or 189,000 since the last Independence…
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OECD cuts Israel’s growth forecast
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The Organization for Economic Cooperation and Development says the Israeli economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy. Before the war, the OECD forecast economic growth of 3.3% this year in Israel. The OECD’s latest forecast is lower than…