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Gad Lior
Economists warn Israel of credit downgrade avalanche in war with Hezbollah
Israel’s credit rating, already downgraded by all major agencies, could face further hits if all-out war with Hezbollah erupts; economists warn this could lead to higher interest rates and shake investor confidence in country's financial stability
Gad Lior
|
09.24.24
Bank of Israel averse to axing 200-shekel banknote
Israel's central bank issues statements against Netanyahu's plans to remove banknotes from circulation, but doesn't elaborate on specific reasons for denying move
Gad Lior
|
09.24.24
'Damage in northern Israel amounts to 1 billion shekels,' tax official says
Damages reported across northern Israel since start of war on October 7 continue to climb amid conflict with Hezbollah, compensation fund director reports; damages to south estimated at additional 1.5 billion shekels
Gad Lior
|
09.23.24
Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote
As part of fight against black market money, officials considering eliminating highest denomination of Israeli currency soon and gradually phasing out cash entirely; plan includes voluntary disclosure campaign and lowering transaction approval threshold
Gad Lior
|
09.20.24
Moody's set to downgrade country's rating for second time, Israeli market officials fear
Following a third downgrade by Fitch, economy official says it's only 'a matter of time' until Israel's credit ratings will fall once again
Gad Lior
|
08.19.24
Netanyahu, Smotrich back down from embargo of Turkish import to PA
Senior finance officials claim the proposed move was utter folly and would harm the Israeli economy far more than Turkey's; PM and Finance Minister cave under pressure from business community
Gad Lior
|
08.19.24
What does Fitch's decision to downgrade Israel's credit rating mean for its economy
International rating agency has become the third to downgrade Israel’s credit rating, citing concerns over controversial financial policies and ongoing regional tensions
Gad Lior
|
08.14.24
Fitch lowers Israel's credit rating
Fitch estimates that the government's deficit would increase to 7.8% of GDP in 2024, due to the high cost of the war and the funding of displaced Israelis from the north
Gad Lior
|
08.13.24
Tel Aviv Stock Exchange rises as shekel gains, global markets recover
TA-35 and TA-125 indices up 1.5% and 1.8%, respectively; shekel strengthens against major currencies after sinking to 9-month low, with US dollar trading at 3.78 shekels
Gad Lior
|
08.07.24
Tel Aviv stock markets, shekel continue downward trend amid security concerns
Shekel looses 5% of its value in just 10 days after trading at 4.2 shekel against the euro and 3.38 against the dollar; analysts say that if an attack from Iran is delayed the trend could see a correction to the currency devaluation
Gad Lior
|
08.05.24
Israeli banks, Jewish Agency to provide financial assistance to self-employed IDF reservists
The initiative, with a financial scope of 100 million shekels, will provide grants of thousands of shekels each to reservists whose businesses were affected by the war, and the amount will depend on the number of reserve days served and the size of the business
Gad Lior
|
08.04.24
Tel Aviv Stock Exchange drops following Houthi retaliation threat
Following Houthi threats of retaliation after Israel's air strike in Yemen, Tel Aviv Stock Exchange records sharp declines
Gad Lior
|
07.21.24
Israel government's irresponsible conduct will cost in credit scores
Opinion: Netanyahu convenes meeting on next budget leaving critical position holders out while credit rating firms keep a watchful eye on promises made by Israel, but not kept
Gad Lior
|
07.17.24
Optimism on the Tel Aviv Stock Exchange as leading indices soar
Despite heavy shelling in the north, progress in negotiations toward a hostage deal and cease-fire sparked a sharp rise in the local stock market, which closed with significant gains
Gad Lior
|
07.07.24
The countries, companies boycotting Israel and the damage caused
Analysis: Following months of mostly empty threats, companies sever ties with Israeli firms due to the war in Gaza, often because of pro-Palestinian college demonstrators exerting enormous pressure to end all financial interaction with Israel
Gad Lior
|
06.09.24
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