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Tel Aviv no longer world's most expensive city to live in

Israel's financial and cultural hub falls to third place behind joint-'winners' New York and Singapore, but not thanks to a decline in the city's notorious cost of living problem

Ynet | 11:33 | 12.01.22

Court: Gaza resident who won Israeli lottery must pay taxes

After hitting the $13 million jackpot in a 2015 lottery draw, Palestinian unsuccessfully appeals decision to deduct 30% off his winnings

Lital Dubrovitzky | 17:12 | 11.29.22

ישראלים יבנו את טיילת עיריית ניו יורק בארה"ב בהשקעה של 50 מיליון דולר

Israeli company to turn historic NYC park into $50M promenade

What is now Jacob Riis Park on the western Rockaway Peninsula was once a U.S. Navy airbase, from where the first transatlantic flight in 1919 departed; Investo Capital's project will include a hotel, restaurants, bars and event halls among others

Hila Tsion | 12:02 | 11.22.22

Trump's Twitter account reinstated after Musk poll

Platform’s mercurial new owner grants ex-president and current presidential hopeful renewed access to account after users break for 'yay' in popular vote; ‘The people have spoken. Trump will be reinstated.’

AFP | 08:39 | 11.20.22

In time for Hanukkah, Israel's biggest doughnut seller hikes prices by 20%

Bakery chain says prices are increasing due to a market-wide rise in costs of ingredients and labor, adds last price hike came back in 2018

Meirav Crystal | 17:40 | 11.16.22

Israeli supermarket Shufersal rejects foodmaker Tnuva's price hikes

Tnuva says it plans to raise prices on most dairy products by an average of 4.7%; however, 'planned hikes would still not cover all of its additional costs' CEO of Tnuva's dairy division says

Reuters | 19:05 | 11.15.22

ביג 6 לרוחב נתניהו, דרעי, סמוטריץ, בן גביר, גולדקנופף, גפני

How much incoming government's election promises will cost Israeli taxpayers

New Tax Authority report sheds light on impact of coalition members’ ambitious plans, including subsidies on basic commodities and broad tax cuts, on state's revenue

Gad Lior | 09:48 | 11.10.22

Israelis flock en masse to shopping centers on Election Day

Data from automatic banking and credit companies show Israel's celebration of democracy is also a celebration to businesses, with a 38% surge in credit card purchases, compared to March 2021 elections

Meirav Crystal | 14:36 | 11.01.22

Dan Loeb, CEO and founder of Third Point

Top U.S. hedge fund opens Tel Aviv office to scout investments

Daniel Loeb's 14$ billion New-York-based Third Point LLC eyes Tel Aviv for its booming technology sector; Israeli Sapir Harosh will head the Tel Aviv office

Reuters | 11:54 | 10.24.22

Bank of Israel enacts another 75 bps rate hike as inflation woes persist

Central bank's latest decision sees key rate shoot up to its highest in almost 11 years at 2.75%, forecasted to peak at 3.5% by 3Q of 2023; inflation expected to cool off to bank’s target range by next year

Gad Lior | 17:40 | 10.03.22

Israeli pharma Teva Pharm expects to start paying U.S. opioid settlement in 2023

$4.35 billion settlement - set to span over 23 years - follows years-long litigation of lawsuits against pharma giant for their role in playing down risks of addiction, fueling the opioid pandemic

Reuters | 13:28 | 09.18.22

Amazon mulls opening distribution center in Israel

Most shipments to Israel arrive from Liège by planes that return empty to Belgium, increasing costs significantly; online retail giant also examining sending shipments from UAE

Itamar Eichner, Israel Volman | 15:53 | 09.08.22

Ben & Jerry's will amend lawsuit against Unilever over Israel ice cream sale

After lawsuit thrown out by court, ice cream maker says plans to file amended complaint by September 27, claims West Bank operations 'inconsistent' with its progressive values and social mission

Reuters | 09:25 | 09.07.22

H&M launches new Israeli online shopping website

Swedish owned retailor plans to offer shoppers a wide catalogue in prices some times double those in Europe; shoppers already testing the service set to begin next week; delivery expected initially to take up to one week, longer than other online deliveries

Meirav Crystal | 19:01 | 09.01.22

Israeli diplomat charged over real estate deal in Georgia

A senior consul in the Israeli embassy in Tiblisi indicted after purchasing agricultural land, covering up involvement by registering the names son and friends as owners; claims she is victim of personal retribution

Itamar Eichner | 12:20 | 08.30.22

טחינה אורגנית של רושדי תעשיות (טחינה בארכה)

Israeli tahini brand recalls products in U.S.

Rushdie Food Industries tahini produced in factories in Israel and shipped to stores across the U.S. suspected of salmonella contamination; Health ministry takes samples for inspection, says product not sold in Israel

Meirav Crystal | 21:51 | 08.25.22

מפעל ייצור גלידות בן אנד ג'ריס בבאר טוביה

Ben & Jerry's loses bid to halt sales in West Bank

U.S. District judge says frozen sweets maker did not deserve injunction to halt ice cream sales and marketing because it did not show it would suffer irreparable harm as it claims sales in territory undermine its values

Reuters | 22:32 | 08.22.22

Israeli spyware company NSO Group CEO steps down

Embattled cyber firm bids adieu to longtime chief and appoints replacement to oversee reorganization of company before successor is named by board; 100 employees said to be laid off in rejig

Reuters | 20:20 | 08.21.22

Australian drugstore Chemist Warehouse could enter Israeli market next year, chair says

Co-founder Jack Gance tells Ynet company in talks with Economy Ministry to 'make Aliyah' in hopes of shaking up Israel's drugstore sector and bringing prices down

Meirav Crystal | 22:34 | 08.17.22

Israel's back-breaking yearly inflation rate soars to 5.2%

Inflation rate keeps exceeding all forecasts as consumer price index in Israel rose by 1.1% in July, sending annual inflation rate over 5% in first since 2008; housing prices complete 17.8% hike in one year

Gad Lior | 21:45 | 08.15.22

E-commerce giant AliExpress expands to Israel

Chinese online retail service aims to construct warehouses in Israel to cut delivery times, which can take up to a month, as well as reduce prices for shoppers

i24NEWS | 23:17 | 08.10.22

Britain launches free trade talks with Israel

Seeking to expand its trade agreements, UK looks to Israel as a 'modern, high-tech superpower' to join forces 'in a revamped deal' to 'boost trade, support jobs and help take economic relationship to the next level'

Reuters | 21:24 | 07.20.22

Bank of Israel examining access of immigrant funds in Russia within sanctions

Central bank says it is aware of sensitive nature and importance of the issue and was acting within legal and regulatory frameworks; however, it won't enable bypassing of international sanctions imposed by on Russia amid war

Reuters | 18:38 | 07.20.22

Weak euro could strengthen Israeli economy, experts say

Euro and U.S. dollar reach parity for the first time in 20 years amid European energy crisis and economic uncertainty, but what does the Israeli market stand to gain from all of this?

The Media Line | 23:33 | 07.16.22

Israel's Teva reaches opioid settlement in San Francisco

Company to pay 25 million dollars in cash and 20 million in supplies for overdose-reversal drugs after charges it fueled opioid epidemic but does not admit responsibility; hopes to settle U.S. nation liability by end of year

Reuters | 10:27 | 07.13.22

The crisis does not skip Keter: Repayment date of debt is approaching, pressure is mounting

After Keter’s CEO, Alejandro Pena, failed to lead the company to an IPO and refinance its debt, BC Partners must now seek a financing solution within three months

Golan Hazani | 19:45 | 07.07.22

Uber launching its ride-hailing service in Israel again

Unlike in other countries, company in Israel would work with licensed taxi drivers only; services initially available only in Jerusalem, Tel Aviv, and for trips to the airport

i24NEWS | 18:24 | 07.06.22

Ben & Jerry’s says opposes parent company’s plan to sell brand’s Israel rights

'We do not agree with it,' frozen treat makers say after Unilever announced it would sell its Israel business interests in Ben & Jerry’s to Israeli distributor

Andrew Lapin/JTA | 23:27 | 06.30.22

Israel economy can grow despite more political woes, central bank chief says

Casualty of the government's collapse is the 2023 budget, slated for a cabinet vote this week, to be finalized in November but delayed by the political turmoil; Liberman says not allow 'election economics'

Reuters | 17:58 | 06.21.22

חתימה על מזכר ההבנות ישראל - איחוד אירופאי – מצרים

Egyptian business leaders visit Israel as part of QIZ trade agreement

Financial ties between countries further tighten after signing of gas export deal with EU; 'partnership will strengthen business ties between countries and promote economic growth, prosperity, and wellbeing,' minister says

i24NEWS | 20:22 | 06.20.22

Israeli entrepreneur says 'incredible potential' for business with Saudis

As Eyal Waldman, chairman of Waldo Holdings, returns from 4-day visit to Gulf kingdom, he says Saudi hosts keen to begin cooperating with Israeli businesses ahead of 2030, when oil revenues no longer main source of income

Attila Somfalvi | 16:10 | 06.19.22

Unilever shareholder sues over Ben & Jerry's Israel boycott

Investors file class action against British consumer goods company in Manhattan federal court for allegedly breaching fiduciary duty by 'improperly concealing decision before it was announced'

Reuters | 08:58 | 06.16.22

L3Harris in talks to buy Israeli spyware firm NSO, reports say

Deal with U.S. defense contractor could see controversy-riven company removed from Commerce Department banned list as purchase raises counterintelligence and security concerns in Washington

Reuters | 19:43 | 06.15.22

Egypt and Israel to boost gas supply to EU amid Ukraine war

EU's historic natural gas export deal will bring Israeli gas via pipeline to Egypt before being transported to Europe; set to last 5 years, deal marks first 'significant' exports of Israeli gas to continent

Associated Press | 13:28 | 06.15.22

Israel to boost building starts in bid to rein in soaring housing costs

Government proposal would see building boom, cutting red tape and expansion of discount scheme to the tune of billions as demand for housing continues to outstrip supply

Reuters | 19:09 | 06.12.22

Trump Heights in heart of northern Israel's real estate craze

Small community named after former U.S. president has seen massive spike in demand as pandemic and red-hot housing market lead families to seek new opportunities

Navit Zomer | 23:04 | 06.09.22

Innovation diplomacy paves way for Israeli, Moroccan business collaboration

Entrepreneurs and government officials at the conference in Casablanca, and many on the streets of Rabat, are optimistic about the deepening economic and political ties between the countries

The Media Line | 11:14 | 06.06.22

נשיא יאנדקס ארקדי וולוז' על רקע מונית של יאנגו

Three months into Ukraine war, Israeli-Russian commercial relations still prosper

Despite a few cancellations and financial limitations, Israel remains the only Western country with no sanctions on Russian entities or capital; the value of trade between Israel and Russia reached some $3.5 billion in 2021

The Media Line | 21:41 | 06.05.22

Boycott advocates claim victory as General Mills divests Israeli dough operation

Food company announces it would sell its stake in Pillsbury frozen-food factory in East Jerusalem settlement Atarot due to public pressure from pro-Palestinian activists

Andrew Lapin / JTA | 13:52 | 06.02.22

Elon Musk has an agreement to acquire Twitter for about $44B

Outspoken billionaire says bought social media network because he thinks it's not living up to its potential as a platform for free speech, adding company must build trust with users and do better at serving 'societal imperative' of free speech

Associated Press | 22:36 | 04.25.22

Top chocolate maker issues Israel's largest-ever recall after salmonella found

Strauss Group pulls its Elite chocolate brand off shelves after bacterium found in northern Israel plant; massive recall may lead to shortages nationwide; company reportedly knew about contamination since last week

Meirav Crystal‎ | 18:33 | 04.25.22

פליטים אוקראינים במולדובה, לפני טיסה לישראל

Ukrainian refugees face Israel’s housing crisis

Grappling with a red-hot housing market and with land being at a premium, Israel expects to take up to 50,000 immigrants who may struggle to find a place to live

i24NEWS | 22:27 | 04.10.22

שעון ענק שטרסבורג צרפת ביטול שעון חורף קיץ אירופה

Could Israel soon stop the clock on daylight saving time?

After U.S. decided last week to make practice permanent, Israel's biggest industry lobby calls for the country to adopt a similar approach, estimates economy stands to make NIS 300 million in 2022 thanks to extra hour of daylight

Gad Lior | 19:37 | 03.23.22

Israeli bars and restaurants boycott Russian vodka brands amid Ukraine war

Sales of Russian-made spirits down up to 18% as local businesses join global pressure on Moscow; local importer says sympathizes with cause, but move 'doing more to hurt ordinary civilians in Russia and Israel than the Russian government'

Shai Segev, Attila Somfalvi | 17:38 | 03.07.22

How will the economic sanctions on Russia affect Israel?

Israel's trade relations with Russia and Ukraine aren't substantial, but Israelis who own businesses and properties or have family in the region could feel the pinch of Western sanctions

Gad Lior | 23:04 | 02.28.22

Court battle erupts over future of spytech firm NSO

Having been mired in debt before string of scandals in Israel and worldwide, surveillance tech giant is now teetering, especially after being banned by the United States

AFP | 13:44 | 02.24.22

LEGO to open first official store in Israel in late 2022

Danish toy maker says it hopes to offer previously unavailable products to all Israelis, cut the notoriously high prices of LEGO products carried by local Israeli retailers, and boost the franchise's staying power

Navit Zomer | 12:05 | 02.22.22

Israel looks to increase trade with Morocco to $500 mln

In visit to Rabat, Economy Minister to seal investments in the aerospace, automobile, agri-food, textile and pharmaceutical industries as well as industrial research fields

Reuters | 17:13 | 02.21.22

שר החוץ יאיר לפיד נפגש ברבאט עם שר החוץ של מרוקו, נאסר בוריטה

Israeli minister to sign trade deal during Morocco visit next week

Orna Barbivai says agreement would help realize trade potential between countries which 'will significantly contribute to the economic welfare and growth of both countries'

Reuters | 12:59 | 02.17.22

What's behind Israeli economy's historic growth numbers?

Analysis: 2021's impressive growth numbers have Finance Minister Liberman taking victory laps, but how can we reconcile this with public outcry over soaring cost of living?

Gad Lior | 12:39 | 02.17.22

נפתלי בנט, אורנה ברביבאי ואביגדור ליברמן

Who is set to reap benefits of Israel's plan to ease living costs?

Answering public calls to stave off inflating prices, $1.3 billion plan aims to help average working-class parents; childless families will settle for subsidized electricity prices; bad news for gas prices, independent business owners, and agriculture reforms

Gad Lior | 10:07 | 02.10.22

Israel unveils $1.3 bln plan to reduce cost of living

In a press conference in Jerusalem, Bennett, Finance Minister Avigdor Liberman and Economy Minister Orna Barbivai announce tax breaks to working families and customs cut for meat, fish and certain household goods

Ynet, Agencies | 21:04 | 02.09.22

Bennett promises Israeli public steps to ease cost of living

As rising inflation continues exerting upward pressure on prices across the economy, PM says his government will introduce in the coming days a series of steps whose effects will be felt immediately in shopping carts

TPS | 21:29 | 02.06.22

greenhouse of Israeli company up B.O.L Pharma, which makes medical cannabis products

Israeli desert town aims to be medical 'cannabis capital'

Mayor Tal Ohana says cannabis could help Yeruham tackle unemployment among its 12,000 residents, claiming sector could transform the image of her 'forgotten city'

AFP | 09:44 | 02.06.22

UK begins pursuit of improved trade deal with Israel

Ahead of her visit to Israel this week, British Trade Minister Anne-Marie Trevelyan says deal with friends like Israel can be 'truly tailored' to UK strengths

Retuers | 08:33 | 02.02.22

Israeli food giant Osem walks back on price hikes after nationwide furor

Company says will postpone price increases by 3 months, during which it will 'examine sundry ways to mitigate the rise in prices of consumer products in Israel,' will reconsider move again after Passover

Meirav Crystal, Gad Lior | 22:33 | 02.01.22

Liberman says Israel 'facing world's mildest price hikes' amid mounting criticism

As unbridled core inflation continues stripping out buying power of Israeli families, finance minister downplays rising gas and electricity costs, slams food companies for 'cynically exploiting' situation to turn a profit

Moran Azulay | 18:21 | 01.31.22

שרי האוצר והכלכלה, אביגדור ליברמן ואורנה ברביבאי

Ministers slam food producers over 'cynical' price hikes in fiery epistle

Finance Minister Liberman and Economy Minister Barbivai say 'will not hesitate to take the necessary steps to ensure a competitive and fair economy' if food prices continue to inflate

Gad Lior | 19:57 | 01.30.22

Israeli drug maker Teva fueled opioid addiction in New York, jury finds

Verdict comes after three U.S. states accuse Teva of engaging in misleading marketing practices that fueled opioid addiction, including by pushing opioid drugs for off-label use

Reuters | 20:42 | 12.30.21

MSCI considers new region for Israeli index

Israel was upgraded from emerging to developed market in 2010, only country in that category in Mideast; move could strengthen shekel and open door for large amounts of passive inflows

Reuters | 17:33 | 12.16.21

Business

Tel Aviv no longer world's most expensive city to live in

Ynet

Court: Gaza resident who won Israeli lottery must pay taxes

Lital Dubrovitzky

Israeli company to turn historic NYC park into $50M promenade

Hila Tsion

Trump's Twitter account reinstated after Musk poll

AFP

In time for Hanukkah, Israel's biggest doughnut seller hikes prices by 20%

Meirav Crystal

Israeli supermarket Shufersal rejects foodmaker Tnuva's price hikes

Reuters

How much incoming government's election promises will cost Israeli taxpayers

Gad Lior

Israelis flock en masse to shopping centers on Election Day

Meirav Crystal

Top U.S. hedge fund opens Tel Aviv office to scout investments

Reuters

Bank of Israel enacts another 75 bps rate hike as inflation woes persist

Gad Lior

Israeli pharma Teva Pharm expects to start paying U.S. opioid settlement in 2023

Reuters

Amazon mulls opening distribution center in Israel

Itamar Eichner, Israel Volman

Ben & Jerry's will amend lawsuit against Unilever over Israel ice cream sale

Reuters

H&M launches new Israeli online shopping website

Meirav Crystal

Israeli diplomat charged over real estate deal in Georgia

Itamar Eichner

Israeli tahini brand recalls products in U.S.

Meirav Crystal

Ben & Jerry's loses bid to halt sales in West Bank

Reuters

Israeli spyware company NSO Group CEO steps down

Reuters

Australian drugstore Chemist Warehouse could enter Israeli market next year, chair says

Meirav Crystal

Israel's back-breaking yearly inflation rate soars to 5.2%

Gad Lior

E-commerce giant AliExpress expands to Israel

i24NEWS

Britain launches free trade talks with Israel

Reuters

Bank of Israel examining access of immigrant funds in Russia within sanctions

Reuters

Weak euro could strengthen Israeli economy, experts say

The Media Line

Israel's Teva reaches opioid settlement in San Francisco

Reuters

The crisis does not skip Keter: Repayment date of debt is approaching, pressure is mounting

Golan Hazani

Uber launching its ride-hailing service in Israel again

i24NEWS

Ben & Jerry’s says opposes parent company’s plan to sell brand’s Israel rights

Andrew Lapin/JTA

Israel economy can grow despite more political woes, central bank chief says

Reuters

Egyptian business leaders visit Israel as part of QIZ trade agreement

i24NEWS

Israeli entrepreneur says 'incredible potential' for business with Saudis

Attila Somfalvi

Unilever shareholder sues over Ben & Jerry's Israel boycott

Reuters

L3Harris in talks to buy Israeli spyware firm NSO, reports say

Reuters

Egypt and Israel to boost gas supply to EU amid Ukraine war

Associated Press

Israel to boost building starts in bid to rein in soaring housing costs

Reuters

Trump Heights in heart of northern Israel's real estate craze

Navit Zomer

Innovation diplomacy paves way for Israeli, Moroccan business collaboration

The Media Line

Three months into Ukraine war, Israeli-Russian commercial relations still prosper

The Media Line

Boycott advocates claim victory as General Mills divests Israeli dough operation

Andrew Lapin / JTA

Elon Musk has an agreement to acquire Twitter for about $44B

Associated Press

Top chocolate maker issues Israel's largest-ever recall after salmonella found

Meirav Crystal‎

Ukrainian refugees face Israel’s housing crisis

i24NEWS

Could Israel soon stop the clock on daylight saving time?

Gad Lior

Israeli bars and restaurants boycott Russian vodka brands amid Ukraine war

Shai Segev, Attila Somfalvi

How will the economic sanctions on Russia affect Israel?

Gad Lior

Court battle erupts over future of spytech firm NSO

AFP

LEGO to open first official store in Israel in late 2022

Navit Zomer

Israel looks to increase trade with Morocco to $500 mln

Reuters

Israeli minister to sign trade deal during Morocco visit next week

Reuters

What's behind Israeli economy's historic growth numbers?

Gad Lior

Who is set to reap benefits of Israel's plan to ease living costs?

Gad Lior

Israel unveils $1.3 bln plan to reduce cost of living

Ynet, Agencies

Bennett promises Israeli public steps to ease cost of living

TPS

Israeli desert town aims to be medical 'cannabis capital'

AFP

UK begins pursuit of improved trade deal with Israel

Retuers

Israeli food giant Osem walks back on price hikes after nationwide furor

Meirav Crystal, Gad Lior

Liberman says Israel 'facing world's mildest price hikes' amid mounting criticism

Moran Azulay

Ministers slam food producers over 'cynical' price hikes in fiery epistle

Gad Lior

Israeli drug maker Teva fueled opioid addiction in New York, jury finds

Reuters

MSCI considers new region for Israeli index

Reuters