Latest Articles
Category: Financial
Since the outbreak of the war, nearly 7,000 foreign workers have left Israel, posing a significant challenge to the country's labor force. According to data collected by the Administration of Foreign Workers at the Population and Immigration Authority, the departure of foreign workers is affecting various sectors of the economy
Oct 21, 2023
Category: Banking
In a response to the recent conflict in the Gaza Strip, two major Israeli banks have unveiled plans to provide relief to homeowners located in areas near the border. Bank Hapoalim and Mizrahi Tefahot Bank are offering mortgage payment exemptions to residents affected by the hostilities, in addition to the broader outline provided by the Bank of Israel earlier this week
Oct 20, 2023
Category: Real Estate
Rublic transportation in Israel is set to operate in an emergency mode over the upcoming weekend, with limited details available, as confirmed by the Ministry of Transportation. Last week, the Ministry announced a limited schedule for the weekend just hours before services began. It is expected that the public transportation services for this Friday and Saturday will resemble the ones provided last weekend, where certain bus lines extended their hours until 10:00 p.m. on Fridays and began operations at 6:00 a.m. on Saturdays
Oct 19, 2023
Category: Capital Market
In a joint initiative spearheaded by the Ministry of Economy, Industry, and the Association of Industrialists, along with the Employment Service, Israel has launched a nationwide campaign urging citizens to step up and enlist for essential roles within the industrial and commercial sectors. The primary goal of this initiative is to ensure a continuous supply of food and vital products to both civilians and soldiers, addressing a severe shortage of workers caused by multiple factors
Oct 18, 2023
Category: Law
In response to a petition seeking to compel Israel's largest airline, El Al, to operate flights on Saturdays (Shabbat) during the ongoing war, the Israeli government, including Defense Minister Yoav Galant and Transportation Minister Miri Regev, has issued a joint response. The petition was submitted to the High Court, and the government's response seeks to reject it outright
Oct 17, 2023
Category: Government
The Ministry of Education has confirmed that starting tomorrow, Wednesday, a gradual return to kindergartens will also be possible in the Gush Dan area, the Shefala, the Dead Sea and the Bekaa, according to the defense instructions of the Home Front Command. At the same time, today the Ministry of Education announced the resumption of classes in after-school and long-day education settings in localities where there is educational activity
Oct 17, 2023
Category: Financial
Bank of Israel has unveiled a comprehensive plan aimed at providing financial relief to the public in the wake of ongoing regional conflict. This plan, set to be in effect for at least three months, divides the population into two groups with varying levels of support
Oct 15, 2023
Category: Capital Market
Israel's consumer price index for September has dropped by 0.1% compared to August, leading to a decrease in the annual inflation rate from 4.1% in August to 3.8%. The unexpected drop in inflation is bolstering expectations that the Bank of Israel will not raise interest rates at its upcoming October meeting, taking into account the slowing inflation and the economic impact of the recent conflict.
Oct 15, 2023
Category: Government
Israel government has initiated a relief program to support citizens affected by the war. However, the plan has drawn significant criticism for its limited scope and perceived inefficiency.Starting today, war-affected citizens can submit initial requests for assistance, with grants ranging from NIS 1,000 to NIS 5,000. The Ministry of Finance is expected to develop a comprehensive economic plan, including measures requiring approval from the Knesset's Finance Committee. The estimated cost of this program is approximately two billion shekels
Oct 14, 2023
Category: Politics
Shelley Greenspan, who is responsible for Jewish community relations on behalf of the Biden administration, issued a statement on behalf of the White House according to which "the United States is ready to act if an entity hostile to Israel considers trying to incite or expand this war." The announcement detailed the aid, weapons and ammunition that the US recently transferred to Israel, including Iron Dome interceptors, a fighter squadron and two aircraft carriers. About US citizens who live, work and travel in Israel", it was further stated
Oct 14, 2023
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