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Government Divided Over Potential Agreement with Hamas - Official Blames Netanyahu for the Stalemate
Category: Law
A critical decision looms as the government grapples with a proposed agreement with Hamas brokered by Egypt. The expected response from Hamas to the Egyptian proposal has injected new tension into the already divisive debate.
Apr 29, 2024
Category: Government
American Secretary of State Anthony Blinken arrived in Saudi Arabia to address critical issues concerning governance and reconstruction efforts in Gaza following the recent conflict with Israel. His visit underscores the urgent need for diplomatic engagement to stabilize the region and alleviate humanitarian suffering
Apr 29, 2024
Category: Financial
Following the conclusion of Passover, Israeli households are bracing for a series of price increases across various sectors, likely to significantly impact expenses. Among the notable increases, the price of fuel is set to surge to NIS 7.90 per liter on Wednesday, while supervised dairy products are expected to become up to 5% more expensive. Additionally, a range of popular products including Milka, Oreo, Gomigam, Crunch, Tampax, Heinz, Kellogg's, Fairey, Sud, Ariel, and Persil are also expected to see price hikes
Apr 30, 2024
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
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
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
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
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
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
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