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Category: Financial
In the wake of escalating tensions between Turkey and Israel, a growing number of Israeli consumers are expressing concern about unwittingly purchasing products with Turkish origins. While the import of certain goods like tomatoes and vegetables from Turkey has been halted, many popular international brands continue to manufacture products in Turkish factories, raising eyebrows among Israeli shoppers
Jan 24, 2024
Category: Government
The Israel Defense Forces (IDF) reported ongoing clashes in the Khan Yunis area, with Division 98 fighters actively engaged in eliminating terrorists and uncovering weapons and military equipment. A military warehouse was discovered deep in Khan Yunis, housing a significant amount of ammunition, weapons, and advanced technological means
Jan 27, 2024
Category: Politics
Thousands gathered on Sunday evening at the Nation Buildings in Jerusalem for the opening of the right-wing conference titled "For the Victory of Israel." Organized by the Samaria Council, the Nahala movement, and other bodies, the conference advocates for the return of Jewish settlement in the Gaza Strip
Jan 28, 2024
Category: Financial
In a decision reached during today's Electricity Authority plenum meeting, the electricity prices in Israel are set to increase by 2.6% starting February 1, 2024. The approval follows a three-week public hearing process and aims to address various challenges, including economic difficulties due to the ongoing war
Jan 29, 2024
Category: Law
In the recently released Corruption Perception Index (CPI) for the year 2023, Israel has experienced a notable drop, falling to 33rd place with a score of 62. This comes after a positive shift in 2022, where Israel climbed five places with a score of 63, compared to the lowest score of 59 in 2021
Jan 30, 2024
Category: Government
In a move reflective of the challenging economic landscape, Osem Nestlé and Unilever have announced price hikes on a range of products starting March 1. Osem Nestlé's price adjustments will affect popular items such as Sabar salads, Tivol products, Bonjour pastries, Osem ketchup, noodles for soup, sauces, cookies, and chocolate-based products like Apropos and Kitkat. The increases vary between 3% and 9%, with some products seeing an 8%-5% rise. Osem Nestlé emphasized that this adjustment pertains to around 14% of its total product offerings, primarily those produced in industrial plants...
Jan 31, 2024
Category: Financial
Teva Pharmaceutical Industries, a leading pharmaceutical giant, has announced a notable annual revenue growth of 6.2% for 2023, bringing in a total of $15.8 billion. After enduring five consecutive years of decline, this resurgence is attributed to a substantial advance payment of $500 million received from Snoopy Pharmaceuticals as part of a collaborative effort on an innovative anti-TL1A drug
Jan 31, 2024
Category: Capital Market
The IMF economists express concerns that the conflict in Gaza could escalate further, and continued attacks by the Houthis in the Red Sea, a crucial route for 11% of world trade, could disrupt supply chains and impede the global recovery. The ongoing war in Ukraine adds to the risks, potentially causing spikes in food, energy, and transportation prices, which have already seen a sharp increase
Jan 31, 2024
Category: Government
In a significant move, President Joe Biden signs an order targeting individuals deemed to "act against stability and security" in the ongoing conflict in Judea and Samaria. The sanctions are not limited to Israelis but include anyone engaging in violent actions, irrespective of nationality
Feb 1, 2024
Category: Politics
For the seventh consecutive week, around 4,000 people gathered in Tel Aviv's Hamima Square on Saturday evening, joining a growing nationwide movement demanding a change in the government. The demonstration, featuring speakers like singer and actress Liraz Charki and attorney Itamar Kramer, highlighted the dissatisfaction with the current political leadership
Feb 3, 2024