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Oil drilling vessel off the coast of Guyana

This is the best performing economy in the world

The economy of the South American nation of Guyana has experienced impressive growth this year, with a 38% expansion following a remarkable 62% growth in the previous year, according to the International Monetary Fund

Calcalist | 09.13.23

Shekel weakens to about 3.8 against US dollar as High Court discusses judicial reform

The shekel has continued to weaken against the dollar, settling at a rate of 3.798 shekels, following yesterday's drop from 3.85 shekels, that was influenced by reports indicating a potential compromise in the judicial reform; As for the euro, the current exchange rate stands at 4.0694 shekels

Gad Lior | 09.13.23

This is how the US-led regional Economic Corridor was born

Israel Prime Minister Netanyahu claims US idea for railway connecting Israel and Saudi Arabia actually belonged to former Transportation Minister Israel Katz, was adopted by President Trump and then expanded by the Biden administration; Israeli officials: 'Unrelated to normalization with Saudi Arabia'

Itamar Eichner | 09.10.23

סמוטריץ' לא חוזר בו מהקפאת הכספים לרשויות הערביות: "לא נבהל מהמתקפות"

Smotrich says financial performance fails to meet expectation, blames protests

Finance Minister tells Knesset Finance Committee economy suffering from weak shekel but is strong; accuses protest movement of defaming Israel in economic circles

Ynet | 09.04.23

Israel tops OECD's most expensive countries to live in

Hebrew University expert says currency value trends explain short-term hikes but long-term trajectory must be attributed to the balance of payments and the influx of foreign currency in the high-tech sector but not in others

Adiel Eithan Mustaki | 08.27.23

Big hopes, bigger letdowns: Oslo's unfulfilled promises for Israel and Palestinians

Thirty years after the signing of the Oslo Accords, the economic vision for a 'new Middle East' has not materialized; Israel's economy didn’t benefit from the fruits of the agreements; Standard of living in the West Bank improved significantly despite IDF checkpoints while Gaza remains stuck far behind in the Hamas quagmire

Sever Plocker | 08.20.23

Thriving in the shadows: Israel's underground Haredi economy

How does the Haredi sector cope with poverty? Some rely on charity while others work under the table, and there are those who manage to bridge the educational gaps or secure jobs through connections; Alongside many struggling with significant deprivation, the past decades have also seen the emergence of a middle-class Haredi bourgeoisie

Tali Farkash | 07.28.23

Israeli stocks show signs of recovery after 2-day slump

Despite warnings from rating agencies and leading banks about the effects of the judicial legislation on Israel's economy, the main indices on the stock exchange were up by 1%-2% but the shekel remains weak

Dan Raban, Gad Lior | 07.26.23

Israeli economy braces for judicial overhaul ripple effects

Local stock and foreign exchange markets plunge immediately after passing of first judicial reform bill, but is this just the beginning? Why might the canning of the reasonableness clause drive away investors and foreign companies? How are rating agencies expected to react, and what are the chances of seeing further strikes?

Gad Lior | 07.25.23

Stocks fall after Knesset votes on judicial reform bill

Expert says uncertainty in market negatively impacts Israelis in general with pensions invested in stocks; Dollar tanks to 3.64 shekels to the dollar after previous gains erased

Dan Raban | 07.24.23

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

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Abraham Accords Academia Aesthetic procedure AI Amine Ayoub anti-Israeli antisemitic threats Antisemitism Arab Israelis Aryeh Deri