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Israel sees drop in hi-tech demand for workers

Although unemployment rate remains low, experts warn drop in demand for workers in the tech industry could be early warning of pending job crisis

Shaked Eilat | 07.17.23

Amdocs laying off thousands in another round of cutbacks

Company expected to layoff 6.5% of the workforce worldwide but in Israel 200 employees out of the 5,000 are to be let go despite positive financial reports in recent quarters

Sophie Shulman/CTech | 07.07.23

Israeli high-tech lags behind in 2023 , report

Investments in Israel declined by more than 70% compared to the corresponding quarter of the previous year and a sharper decline than that recorded in other markets prompting concerns that Israeli tech would become detached from global trends

Shaked Eilat | 06.27.23

Up-to-date data marks economic growth in first quarter of 2023

Israel’s Central Bureau of Statistics posts update to previously published May report showing Israel's economic growth experienced more of a rise than initially thought compared to 2022's final quarter

Ynet | 06.18.23

Government hails largest ever Intel investment but chip maker cannot confirm

After Somtrich and Netanyahu say robust economy behind Intel's plan to build a new facility in Israel, ministry forced to amend statement to explain that the investment is half the sated amount and the plant had been under construction since 2018

Tsachi Sadeh, Gad Lior | 06.18.23

Venture capital expert: 'Estimate a 90% decrease in tech investments in Israel in the next quarter'

The co-founder of Viola Ventures and one of Israel’s most prominent VC’s said the government’s judicial reform 'poses an existential risk to the high-tech industry'

Shlomo Teitelbaum, Ctech | 06.14.23

Israeli real estate transaction volume dips 50% - is it time to buy?

Only some 4,000 transactions recorded in April, lowest figure since early 2000s apart from COVID outbreak; total mortgage uptake drops 46% year-on-year

Ori Chudy | 06.12.23

Bazooka gum brand is up for sale, priced at $700 million

Former Disney CEO Michael Eisner seeks to sell candy company he bought 15 years ago in deal estimated at $385 million; Bazooka Candy Brands sells around 40 million units of chewing gum and candy annually

Calcalist | 06.12.23

Exploring the foreign exchange market: What causes the shekel's strength or weakness?

In the past week, Israel's shekel has strengthened after a long period of weakness, which the Bank of Israel attributed, among other factors, to judicial reform; Who are the actual traders in the foreign exchange market? Why is it different from other markets and how does it affect interest rates and prices?

Dan Raban | 06.11.23

Israel watchdog seeks data from banks in interest rate probe

Economy Minister Nir Barkat attempts to oust Competition Authority head Michal Cohen despite lacking the authority to do so blaming her for the rising cost of living; Cohen refuses to resign.

Reuters | 05.28.23

Iranian women, wearing a veil, walks among other pedestrians along a street in Tehran, Iran, 22 May 2023

Economic turmoil and rigid policies: Iranian regime caught in Bermuda Triangle of crisis

Report reveals Iran's severe economic challenges, namely staggering budget deficit, skyrocketing inflation, and growing dissatisfaction among Iranians, fuel potential nationwide upheaval against the regime, just months after the most recent wave of protests

Farhad Rezaei | 05.28.23

Knesset passes budget for 2023, 2024 with clear majority

Netanyahu says government now cleared for four years of good work while opposition calls budget the most destructive in country's history; finance minister says bill includes a fight over rising cost of living

Ynetnews correspondents | 05.24.23

ראש הממשלה בנימין נתניהו בפתיחת ישיבת ראשי הקואליציה לפני העברת התקציב

Netanyahu says his budget will bring stability to Israeli economy

Speaking to coalition partners prime minister says contrary to media reports, budget bill to resolve housing, education, social services, Jewish identity as well as personal and national security; protesters gather outside Knesset

Sivan Hilai | 05.23.23

High-tech leaders: Potential exodus of skilled workforce looms

Budget reduction of approximately $30 million in Israel's Innovation Authority raises alarm among high-tech executives; Declining investments, fewer startups, and layoffs raise concerns about the industry's future and economic impact

Sivan Hilaie | 05.21.23

Should Netanyahu intervene in Israel's economic crisis?

Opinion: With the Israeli economy seemingly headed straight for a financial iceberg, it is time for the prime minister—who was once one of Israel's greatest finance ministers—to step in and steer the economy back to a safe harbor

Gad Lior | 05.16.23

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Judicial reform Ahmad al-Sharaa Airstrike Amsterdam Antisemitism Ariel Bibas Benjamin Netanyahu Bitcoin Climate crisis Columbia University