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 Annual inflation in Israel remained stable in January:  annual rate amounts to 2.6%
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Inflation in Israel has remained stable in January, with the Consumer Price Index (CPI) holding steady, according to the latest report from the Central Bureau of Statistics (CBS). This stability has led to an annual inflation rate of 2.6%, marking the lowest level since November 2021

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Feb 15, 2024

 El Al presents record high revenues and profit due to the lack of competition
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El Al, Israel's flag carrier airline, has released its financial statements for the fourth quarter of 2023, dubbed the "war quarter," showcasing remarkable growth despite the challenging circumstances. The standout figure is the company's net profit, which soared to $40 million, marking a staggering 370% increase compared to the same period in 2022, where it stood at $8.5 million

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Feb 29, 2024

Israeli Banks Report Robust Profits Despite War: Mizrahi Tefahot and International Bank Lead Growth
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Amidst the turmoil of the 2023 war, Israel's banking sector has shown remarkable resilience, with profits soaring to new heights. The net profit of the four largest banks in Israel surged by 15% compared to the previous year, reaching a staggering NIS 25.5 billion. Despite the challenges posed by the conflict, profits remained steady, underscoring the strength of the banking system

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Mar 12, 2024

Inflation in Israel  Moderates Despite Rising Apartment Prices: CPI rose by 0.4% in February
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The Central Bureau of Statistics announced today that the consumer price index (CPI) in Israel rose by 0.4% in February, slightly surpassing expectations. However, the rate of inflation for the past 12 months moderated to 2.5% in February, compared to 2.6% in January 2024. Despite this, the trend of escalating apartment prices in Israel persists

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Mar 15, 2024

First Q OF 2024: Israeli start-up companies raised an amount of approximately $1.6 billion
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In the first quarter of 2024, Israeli start-up companies raised an amount of approximately $1.6 billion, within 105 fundraising rounds, according to new data from the high-tech report "Tech Review" compiled by Leumitech, the high-tech banking arm of Bank Leumi, and the research company IVC. The total amount of the recruitment is an increase of about 10% compared to the previous quarter. However, compared to the corresponding quarter last year, the total amount raised in the first quarter of this year is approximately 10% lower than that of 2023. \

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Mar 28, 2024

Fuel prices will rise tonight for the eighth month in a row: a liter will cost NIS 7.94
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As the cancellation of the fuel tax discount continues to reverberate across Israel, consumers are feeling the pinch at the pump. The Fuel and Gas Administration at the Ministry of Energy and Infrastructure has announced significant updates to fuel prices, effective at midnight between Sunday and Monday, April 1, 2024

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Mar 31, 2024

Fitch Removes Negative Watch on Israel's Credit Rating But Forecasts Negative Outlook
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Fitch, the renowned international credit rating company, has stirred the financial world by placing the credit rating of the State of Israel, which currently stands at +A, under "Rating Watch Negative." This announcement follows a shift in the perception of geopolitical risk in the wake of the "Iron Swords" war

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Apr 2, 2024

Israel Bank decided to keep the interest rate at a rate of 4.5% despite a slowdown in inflation
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Monday, the Governor of the Bank of Israel, Prof. Amir Yaron, announced the Monetary Committee's decision to maintain the interest rate at 4.5%, despite a slowdown in inflation to 2.5%. Prof. Yaron emphasized the need for caution, stating that "a full recovery of the economy is still a distant goal," and that future interest rate adjustments will hinge on inflation converging with economic policy targets

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Apr 8, 2024

 Inflation in Israel Surprises the Analysts - CPI is Rising to 0.6% in March
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The Central Bureau of Statistics announced a surprising uptick in the Consumer Price Index (CPI) for March, registering a 0.6% increase. This figure deviates from the anticipated 0.5% rise, sparking concerns among analysts and policymakers alike. Over the past year, the CPI has climbed by 2.7%, a notable increase from the previous month's 2.5%. Bank of Israel Holds Interest Rates Steady Amid Inflationary Concerns Last week, the Monetary Committee of the Bank of Israel opted to maintain the interest rate at 4.5%, citing the imperative of market stability and uncertainty reduction....

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Apr 15, 2024

International Monetary Fund updates the Israeli GDP growth forecast downwards - to 1.6%
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The International Monetary Fund updates the Israeli GDP growth forecast downwards - to 1.6%. This is the first official forecast of the fund after the outbreak of the war, when the forecast on the eve of the war was for growth of 3.1% in 2024

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Apr 16, 2024

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