Articles by May, 2024

by Ifi Reporter
Category: Government
In a decisive move, the Turkish Ministry of Trade has confirmed a comprehensive customs directive prohibiting all imports and exports to Israel. The directive, viewed as a pressure tactic against Israel amidst tensions over potential entry into Rafah, has sent shockwaves through both nations' economic landscapes
May 2, 2024

by Ifi Reporter
Category: Government
The state opening rally to commemorate the Day of Remembrance for the Holocaust and Heroism commenced at the "Warsaw Ghetto Square" within "Yad Vashem" in Jerusalem. The event, attended by President Yitzhak Herzog, Prime Minister Benjamin Netanyahu, Holocaust survivors, and their families, paid tribute to the six million lives lost during the Holocaust. Notably, among the dignitaries' chairs, a solitary yellow chair symbolized the abducted individuals still held captive by Hamas
May 5, 2024

by Ifi Reporter
Category: Government
The head of Hamas's political bureau, Ismail Haniyeh, announced on Monday evening to the Prime Minister of Qatar Mohammed Al Thani, and the head of Egyptian intelligence Abbas Kamel that his organization agrees to the outline proposed to him for a ceasefire with Israel, as part of the talks for the release of the abductees
May 6, 2024

by Ifi Reporter
Category: Health
Shares of Teva Pharmaceuticals (NYSE: TEVA) skyrocketed by 15% in Wall Street trading, reaching a five-year high of $15.4 per share. The surge follows the company's confirmation of its 2024 forecast, coupled with positive news regarding its long-term injection Olanzapine
May 8, 2024

by Ifi Reporter
Category: Hitech
Israel Aerospace Industries (IAI) has announced its strongest first quarter in history, boasting impressive financial figures despite ongoing conflict. The company's order backlog stands at approximately $19.1 billion, representing a significant milestone in its operations. Financial Highlights: IAI reported a 48% increase in net profit to approximately $135 million, alongside positive cash flow from current operations totaling approximately $1,780 million. Sales volume saw a substantial increase to approximately $1,432 million, reflecting the company's robust performance in...
May 9, 2024

by Ifi Reporter
Category: Capital Market
Concerns are mounting within Israel's Ministry of Finance as the country grapples with a rapidly escalating budget deficit, prompting discussions about the necessity of emergency measures to address the alarming financial situation. Senior officials, including heads of the Bank of Israel and prominent figures in the economy, express surprise and deep apprehension at the unprecedented figures
May 10, 2024

by Ifi Reporter
Category: Government
In a significant move, several European countries, including Spain and Ireland, are set to formally recognize a Palestinian state on May 21. The announcement came from Joseph Borrell, the Minister of Foreign Affairs of the European Union, who described the decision as a symbolic gesture expressing support for the existence of Palestine
May 10, 2024

by Ifi Reporter
Category: Government
As the siren wailed on Sunday evening at 8:00 p.m., Israelis across the country gathered for rallies and memorial ceremonies to honor the fallen heroes and victims of the ongoing Iron Swords War. The main commemoration took place at the Western Wall Square in Jerusalem, attended by President Yitzhak Herzog and Chief of Staff Rabbi General Herzi Halevi, who delivered poignant speeches
May 12, 2024

by Ifi Reporter
Category: Capital Market
In April, the consumer price index saw a significant uptick, surging by 0.8%, exceeding analysts' predictions of 0.6%. While this spike marks a notable monthly increase, the annual inflation rate rose modestly by 0.1% to reach 2.8%, largely due to comparable figures from April last year. Impending Interest Rate Decision Looms Amidst High Inflation Figures With consecutive months of elevated indices, the Bank of Israel faces a pivotal decision regarding interest rates in just 12 days. Growing consensus suggests that the Bank may opt to maintain the current interest rate amidst these...
May 15, 2024

by Ifi Reporter
Category: Government
In a dramatic turn of events, Defense Minister Yoav Gallant has publicly criticized Prime Minister Benjamin Netanyahu's handling of the Gaza situation, igniting a heated debate within the Israeli political sphere
May 16, 2024
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