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Category: Government
In a move that has sparked vehement reactions from Israeli officials, the United Nations Secretary General's Office informed Israel's UN Ambassador, Gilad Erdan, of the decision to include the Israel Defense Forces (IDF) in a forthcoming report, labeling it as a military organization that has "committed violations" against children in conflict zones. The report, expected to be released imminently, also lists Hamas and Islamic Jihad for their alleged harm to children during the year 2023
Jun 7, 2024
Category: Government
Brigadier General Avi Rosenfeld, commander of the Gaza Division (Division 143) in the Israel Defense Forces (IDF), has announced his retirement following 30 years of dedicated service. In a heartfelt letter addressed to Gaza Envelope authorities, Rosenfeld expressed deep regret over his perceived failure to protect the Gaza Strip during the events of October 7th
Jun 9, 2024
Category: Capital Market
In the wake of Turkey's boycott announcement against Israel and heightened tensions globally, the Ministry of Economy and Industry has published a comprehensive review detailing the state of the Israeli economy amidst the ongoing Iron Swords War. The report highlights the vulnerability of Israel's domestic product to global supply chain disruptions, particularly in sectors like manufacturing, notably the electronics industry
Jun 9, 2024
Category: Government
Minister Benny Gantz, chairman of the state camp, announced his resignation from the emergency government, citing failures in addressing critical issues and the need for a renewed political direction. Gantz's departure comes after his ultimatum for implementing a new action plan went unmet. Addressing Failures and Vision for the Future In a poignant statement, Gantz reflected on the challenges faced during his tenure, particularly following the events of October 7th. He emphasized the necessity of prioritizing the good of the State of Israel above political considerations and...
Jun 10, 2024
Category: Financial
After extensive negotiations spanning over a year with both Airbus and Boeing, El Al Airlines, controlled by the Rosenberg family, has decided to exclusively negotiate with Boeing for its new aircraft fleet. The decision marks a significant milestone for the company, leading to the largest strategic agreement in its history. Boeing Deal Details El Al plans to purchase and lease approximately 30 Boeing 737 Max narrow-body aircraft, with an estimated value of $2-2.5 billion. Deliveries are expected to commence in 2027 and span several years, rejuvenating and expanding the airline's...
Jun 10, 2024
Category: Government
Hours after Hamas submitted its response to the proposal for a hostage deal and a cease-fire, Israel made it clear: the terrorist organization actually rejected the Israeli outline, as presented by US President Joe Biden in his speech at the end of last month
Jun 10, 2024
Category: Politics
In a late-night session, the Knesset approved, by a majority of 63 consecutive legal application votes, the draft law for the security service, effectively endorsing Prime Minister Benjamin Netanyahu's proposal for an exemption from conscription. The vote saw Defense Minister Galant opposing the proposal, drawing applause from the opposition
Jun 10, 2024
Category: Real Estate
Data released by the Central Bureau of Statistics (CBS) reveals a robust performance in Israel's real estate sector, with April witnessing a notable surge in apartment sales despite a seasonal slowdown attributed to the Passover holiday. While the month recorded 6,892 apartment sales, marking a 13% decline from March figures, analysts assert that when adjusted for seasonal effects, April actually witnessed a 3.7% increase in sales compared to the previous month. Market Adaptation to New Interest Rates Spurs Growth A stark contrast is drawn to April 2023, where only 3,863 apartments...
Jun 13, 2024