Articles

In an unusual move, Finance Minister Bezalel Smotrich has drawn criticism for his involvement in shaping a key economic report, raising concerns about the independence of professional economic analysis in Israel. The report in question, mandated by a recent amendment to the law, requires the Ministry of Finance to provide a preliminary estimate of economic forecasts in September for years with a two-year budget, such as the current 2023-2024 budget

In an exciting development for fashion-conscious Israelis, the renowned British men's fashion chain, Charles Tyrwhitt, is set to make its grand entrance into the Israeli market with the opening of its first flagship store. Located in the bustling Ofer Mall in Petah Tikva, this inaugural branch is part of an ambitious expansion plan by the brand's importer, the Penguin Group, owned by businessman Eliyahu Klimer

The Bank of Israel has reported a staggering loss of over $2 billion in August, stemming from its management of Israel's foreign exchange reserves. The losses have raised concerns about the central bank's investment strategies, prompting questions about the stability of the nation's financial assets

Last week, a groundbreaking achievement marked the inauguration of Israel's largest floating solar project, situated atop water reservoirs in Kibbutz Ma'ayan Zvi near Zichron Ya'akov. This ambitious endeavor, spearheaded by the Carmel Coast Water Association, in collaboration with Tralight and Synergy, boasts a remarkable capacity of 31 megawatts. With a total estimated cost of approximately NIS 130 million, this initiative is poised to reshape the country's renewable energy landscape.

Iranian-affiliated hacking group has successfully breached the computer systems of 34 companies, with a staggering 32 of them being Israeli-based. This cyberattack was brought to light by researchers from ESET, an information security company, who released their findings on Monday

Opponents of the judicial system reform staged a demonstration in front of the Supreme Court on Monday evening, in anticipation of upcoming hearings on petitions related to the "reason for reasonableness." Following the demonstration, a march proceeded to the Prime Minister's residence on Balfour Street in Jerusalem

Israel, long recognized for its prowess in innovation and academia, now faces a troubling descent in the OECD's education yearbook "Education View." This internationally renowned statistical publication is an important benchmark in the field of education, and Israel's recent rankings are raising concerns

Israeli Prime Minister Benjamin Netanyahu's visit to the United States took an unexpected turn as he publicly criticized Justice Minister Yariv Levin's original proposal for legal legislation, sparking controversy within the Likud party. During his visit, Netanyahu met with Elon Musk, the richest man in the world, at the Tesla factory in Fremont, California. In response to Musk's questions about the legal revolution in Israel, Netanyahu expressed his concerns about Levin's legislative plan presented in January

Israel's unemployment rate plummeted to 3.1% in August, down from 3.4% the previous month, as reported by the Central Bureau of Statistics. This unexpected decline comes at a time when the nation faces a slew of economic challenges, including a weakening shekel, high-interest rates, a slowing economy, and a high-tech crisis, all while grappling with inflation exceeding government targets

In a move that has raised eyebrows and sparked controversy, the Ministry of Finance has submitted a request to the finance committee for substantial budget transfers, totaling hundreds of millions of shekels. The funds are primarily intended to bolster ultra-Orthodox education and yeshivas, along with other religious initiatives