Banking
Category: Banking
Amid reports of an imminent end to the cease-fire and the tragic shooting attack in Jerusalem claiming three lives and injuring seven, the shekel experiences a downward trend today. The dollar responds by surging 0.9%, reaching approximately NIS 3.71, while the euro climbs 0.3%, trading near NIS 4.05
Nov 30, 2023
Category: Banking
The Israeli technology sector is witnessing a resurgence, buoyed by new opportunities and resilient innovation, despite ongoing challenges in attracting investment. While investment remains a primary hurdle for the ecosystem, favorable valuations and substantial growth potential present promising prospects for investors eyeing Israeli innovation
Mar 31, 2024
Category: Banking
The Business Forum, representing 200 business leaders, announced on Friday that they would shut down the Israeli economy if the government fails to respect the High Court's temporary order regarding the dismissal of Shin Bet chief Ronen Bar. In a statement, the forum declared: "If the Israeli government does not respect a court order and leads Israel into a constitutional crisis, we will call on the entire Israeli public to stop respecting the government's decisions with all that this implies, and we will shut down the Israeli economy
Mar 21, 2025
Category: Banking
The Bank of Israel’s Monetary Committee has decided to keep the interest rate unchanged at 4.5%, marking the tenth consecutive month that the rate has remained at this elevated level. The decision aligns with the expectations of most analysts. This is despite a single interest rate cut in January 2024, from 4.75% to 4.5%. Additionally, the bank has revised its growth forecasts for 2025 and 2026, lowering its predictions by 0.5%, now forecasting 3.5% and 4% growth, respectively
Apr 7, 2025
