Articles by November, 2023

In a significant financial move, Israel's Ministry of Finance has successfully completed a giant issuance with a total financial volume of NIS 3.3 billion. The issuance comprised NIS 2 billion in shekel bonds and NIS 1.3 billion in index-linked bonds

Moody's, the prominent credit rating agency, has declared that it is placing the Israeli government's credit rating under review for a potential downgrade. This announcement comes in the wake of the recent outbreak of war in the region, and it closely follows a similar decision made by Fitch, another credit rating company

Half a year after canceling a deal to purchase it, the medical device company from Kfar Saba Cartiheal is sold to the British company Smith & Nephew for $330 million. The deal is expected to close in the first quarter of 2024. According to the agreement, the buyer will pay the shareholders of Carthill 180 million dollars in cash, and the balance - 150 million dollars - subject to meeting a milestone of cumulative sales of 100 million dollars in 12 consecutive months (as opposed to a calendar year), when the sales target must be achieved Within 10 years from the date of closing the deal

In the wake of the ongoing conflict in the region, several Western fast-food chains, including McDonald's, KFC, and Starbucks, are facing a significant boycott across various Arab countries. The boycott, primarily driven by social media movements, has gained traction in countries such as Egypt, Jordan, Kuwait, and Morocco

In a joint effort by the Israel Defense Forces (IDF) and the Shin Bet, 13 abductees, including Israeli citizens, women, and children, were successfully transferred to Israeli territory. An elite unit of the IDF and the Shin Bet escorted the returnees, ensuring their safety and conducting initial medical assessments

In a closely watched decision, the monetary committee of the Bank of Israel has chosen to keep the country's interest rate steady at 4.75%, in line with most economic forecasts. This move, despite the ongoing war that has persisted for 52 days, sets the stage for a potential reduction in January 2024, marking the first decrease since the initial cut in April 2020 during the early days of the COVID-19 pandemic

In a daring nighttime operation, the United States military announced that its destroyer, the USS Mason, successfully rescued the tanker "The Central Park" in the Gulf of Aden. The vessel, owned by the British company Zodiac Maritime and operated by Israeli billionaire Eyal Ofer, had reportedly fallen prey to an "unidentified force" in the strategically significant region

Elbit Systems presents good reports for the third quarter of the year, which it concludes with an 11.3% increase in sales compared to its sales in the corresponding quarter last year, which amounted to approximately 1.5 billion dollars. During the first nine months of the year, its revenues grew by almost 9% compared to the corresponding period and amounted to approximately 4.3 billion dollars

In a late-night session between Monday and Tuesday, the government gave the green light to the budget framework for 2023, despite facing opposition from key figures within its own ranks. Notably, Economy Minister Nir Barkat and several members of the original coalition, including prominent figures like Benny Gantz, Hili Trooper, and Gadi Eisenkot, voiced dissent

In a significant development, the ceasefire between Hamas and Israel has been extended for the fifth day, leading to the release of abducted individuals, including a mother and her daughter. The release was part of negotiations involving high-ranking officials, including the heads of the Mossad and the CIA, who met with the Prime Minister of Qatar