Government

Israel Faces Record Budget Deficit of 4% of GDP Amid Rising the Gaza War Expenses
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by Ifi Reporter

Category: Government

In a press conference on Sunday, Accountant General Yehli Rotenberg disclosed that Israel is on track to end 2023 with the highest budget deficit in recent history, standing at 4% of the GDP. The announcement coincided with the release of state budget data for November, indicating an accumulated deficit of 3.4% of GDP, totaling NIS 62.3 billion

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Dec 10, 2023

Government Approves Ambitious Plan for Rehabilitation - Funding Source Yet to Be Determined
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by Ifi Reporter

Category: Government

In a significant move, the government has given the green light to a comprehensive plan for the rehabilitation and development of settlements surrounding Gaza and Sderot. The strategic five-year plan, devised by the Takuma administration, addresses key areas such as education, infrastructure, business, and agriculture, with a budget exceeding NIS 18 billion

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Dec 10, 2023

Major Milestone in Israeli Energy Sector as Eshkol Power Station Sold in NIS 9 Billion Deal
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by Ifi Reporter

Category: Government

In a groundbreaking development today, the Israel Electric Corporation (IEC) finalized the sale of the Eshkol power station to "Dalia Energy" and George Horesh's "Union" group for an impressive NIS 9 billion. This marks one of the largest deals in the nation's economy, with the exact amount, 9,001,181,818 NIS, set to be transferred to the Electric Company upon the completion of the transaction, expected within the next 5-6 months

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Dec 11, 2023

 Red Sea Tanker Attacked by a Houthi Cruise Missile Amid Rising Tensions in the Region
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by Ifi Reporter

Category: Government

US Army's Central Command reported that the commercial tanker "STRINDA" was targeted in the Red Sea by what is believed to be an anti-ship cruise missile. The attack occurred approximately 100 kilometers north of the Bab al-Mandab strait, an area controlled by Houthi rebels in Yemen. The vessel was en route through the strategic strait when the incident unfolded

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Dec 11, 2023

 Unemployment Rates in Israel Surge Amidst War: Official Figures Mask True Impact
922 Views Details

by Ifi Reporter

Category: Government

In October, Israel's official unemployment rate stood at a seemingly low 3.0%, reflecting 133,000 unemployed individuals. However, the recent conflict has drastically altered the employment landscape, leading to a surge in job losses. Despite the reported decrease to 3.4% in the previous month, the true impact reveals a different story

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Dec 18, 2023

Maersk Considers Resuming Red Sea Operations Amidst the New International naval Force
866 Views Details

by Ifi Reporter

Category: Government

In a recent communication to its customers, global shipping giant Maersk revealed that it is contemplating a return to sailing in the Red Sea. This potential policy shift follows the company's earlier decision to cease operations in the region due to Houthi attacks. The catalyst for Maersk's reconsideration is the establishment of an international force, announced last week, aimed at countering Houthi threats and ensuring maritime security

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Dec 24, 2023

Israel Signals Willingness for Concessions in Hostage Negotiations but Rules Out a Ceasefire
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by Ifi Reporter

Category: Government

In a pivotal development ahead of the war cabinet's discussion on the Egyptian proposal for hostage negotiations, Israel expresses readiness for significant concessions while firmly rejecting the possibility of a ceasefire

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Dec 24, 2023

"Israeli Attack Claims Life of Senior Iranian Revolutionary Guards Officer in Damascus"
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by Ifi Reporter

Category: Government

In a targeted Israeli attack in the Damascus area, Razi Mousavi, a senior officer of Iran's Revolutionary Guards, was killed, according to an announcement by the Revolutionary Guards on Monday. Mousavi, one of the oldest commanders in Syria and closely associated with the late Quds Force commander Qassem Soleimani, was reportedly attacked in the Seida Zainab neighborhood

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Dec 25, 2023

 Humanitarian Crisis in Gaza: Allegations of War Crimes Surface Amidst Famine Concerns
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by Ifi Reporter

Category: Government

In a deeply troubling turn of events, reports emerging from Gaza paint a grim picture of hunger, disease, and an acute lack of medical supplies, as international media sheds light on a humanitarian crisis largely absent from Israeli news outlets. The UN Food Program's chief economist, Arif Hussein, expressed shock, stating, "I have never seen anything on a scale similar to what is happening in Gaza and at such a speed

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Dec 29, 2023

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

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