Articles by January, 2024

 Bank of Israel Cuts Interest Rates Amidst Economic Uncertainty and War Impact
1026 Views Details

In response to the economic challenges posed by the ongoing war since October and rising government deficits, the Bank of Israel has decided to cut interest rates by 0.25% to 4.5%. The move comes as the central bank acknowledges the significant economic consequences of the conflict, emphasizing the high level of uncertainty regarding its scope and duration. Market Disagreement and Expectations: The decision has sparked differing opinions in the capital market, with some predicting two consecutive interest rate cuts. Modi Shafferer, market strategist at Bank Hapoalim's trading room,...

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Jan 1, 2024

Landmark Supreme Court Ruling Stalls Coup Attempt and Asserts Authority Over Fundamental Legislation
983 Views Details

by Ifi Reporter

Category: Law

In a significant development, the Israeli Supreme Court, with a majority of 12 judges, rejected a controversial law, signaling a resounding defeat for Binyamin Netanyahu and his allies. The ruling not only invalidated the law in question but, more importantly, affirmed the court's authority to strike down fundamental legislation enacted by the Knesset

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Jan 1, 2024

srael Eliminates a Senior Hamas Leader Saleh al-Arouri in a Lebanon Drone Strike
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by Ifi Reporter

Category: Government

In a dramatic turn of events, Saleh al-Arouri, the deputy leader of the Hamas terrorist organization and key strategist, was confirmed to have been eliminated in a drone explosion in the Da'ha district of Beirut, Lebanon. The operation, reportedly carried out by Israel, targeted al-Arouri and two of his aides, Samir Pandi and Azzam al-Akra, resulting in their deaths

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Jan 2, 2024

"Israeli High-Tech Faces Severe Setback in 2023: Venture Capital Investments Plunge by 60%"
438 Views Details

by Ifi Reporter

Category: Hitech

In a stark contrast to the global trend, Israel's high-tech sector experienced a significant downturn in 2023, with venture capital investments plummeting by approximately 60%, according to the SNPI Research and Policy Institute's year-end report on Israeli high-tech

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Jan 3, 2024

State Comptroller Urges Overhaul of Israel's Long-Standing Inflation Target Amidst Uncertainty
354 Views Details

by Ifi Reporter

Category: Financial

In a groundbreaking move, State Comptroller Mattaniho Engelman is recommending a comprehensive reassessment of Israel's fixed inflation target, which has remained unchanged at 1% to 3% per year for two decades. The recommendation comes as inflation exceeded the government's target, leading to deviations that could significantly impact the state budget and corporate financial planning. Engelman's call for a reevaluation is grounded in the recent economic developments, particularly the surge in inflation post-COVID, with the inflation rate reaching 5.3% in 2022. The State Comptroller's...

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Jan 8, 2024

War day 93: Senior Hezbollah Commander Assassinated in Israeli Drone Attack - Tensions Rises
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by Ifi Reporter

Category: Government

In a significant development, Wissam Tawil, a senior Hezbollah official recently appointed as the commander of the Radwan Force, the elite unit of the Lebanese terrorist organization, was killed on Monday. The attack, reportedly attributed to Israel, targeted Tawil's car in the town of Hirbat Salem in southern Lebanon

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Jan 8, 2024

 Israel: We Assassinated Hezbollah UAV Commander - Blinken Urges more Humanitarian Aid to Gaza
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by Ifi Reporter

Category: Government

In a significant development, Israel has confirmed its responsibility for the assassination of Hezbollah's UAV commander, Ali Hussein Borji, in southern Lebanon. The Israeli Defense Forces (IDF) spokesperson, Daniel Hagari, revealed that Borji led numerous operations against Israel, including a recent drone infiltration from Lebanon

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Jan 9, 2024

The International Court of Justice Hears South Africa's Genocide Accusation Against Israel
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by Ifi Reporter

Category: Law

In a significant development, the International Court of Justice (ICJ) convened to address South Africa's lawsuit accusing Israel of genocide. The initial three-hour session focused on South Africa's claims against Israel, alleging the most serious charge of genocide. South Africa presented statements by ministers and officials to support its case

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Jan 11, 2024

Housing Market Shows Signs of Recovery in November But Still Lags Behind Historic Norms
1348 Views Details

by Ifi Reporter

Category: Real Estate

In a recent report from the Chief Economist Division at the Ministry of Finance, November 2023 witnessed a partial rebound in housing market activity compared to the previous month. However, the numbers remain alarmingly low, marking the lowest level of transactions recorded in November over the past two decades

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Jan 11, 2024

U.S. and U.K. Conduct Joint night Strikes Against Houthi Rebels in Yemen - Escalation Feared
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by Ifi Reporter

Category: Government

In a recent series of developments, American and British forces carried out multiple attacks against Houthi rebels in Yemen, escalating tensions in the region. The United States Army, in coordination with the United Kingdom and support from Australia, Canada, the Netherlands, and Bahrain, launched joint strikes targeting Houthi positions

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Jan 13, 2024

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