Articles

The Bank of Israel is unlikely to lower its interest rate shortly, despite expectations of rate reductions in other countries, including the United States and the Eurozone. The central bank recently maintained the interest rate at 4.5%. In an interview with Ynet, Bank of Israel Governor Prof. Amir Yaron indicated that reducing the basic interest rate is improbable even within the first two quarters of 2025, given the current economic and geopolitical situation

The price of fresh ground beef at Shufersal has surged by 17%, highlighting a broader trend of rising meat prices across the market. As of this Sunday, the cost of fresh, chilled ground beef at Shufersal has jumped from NIS 28 per kilogram in 2022 to NIS 69.90 per kilogram—a more than twofold increase

In a hastily arranged press conference, Finance Minister Bezalel Smotrich unveiled the key points of the 2025 budget proposal, estimating that war-related expenses will increase by NIS 200-250 billion. Smotrich expressed confidence that the budget deficit will decrease to less than 6.6% of GDP by the end of the year, with hopes of further reducing it to below 4% through increased revenues and a NIS 35 billion cut in expenses

The head of the Mossad, Dedi Barnea, confirmed to mediators on Monday that Israel is prepared to withdraw from the Philadelphia Axis as part of the second phase of the deal for the release of abductees held by Hamas. This statement came just hours before Prime Minister Benjamin Netanyahu publicly asserted that he was not ready to make such a concession. These conflicting signals have caused confusion and concern among those closely following the negotiations

Prime Minister Benjamin Netanyahu continues to stand firm on maintaining a presence in the Philadelphia axis, despite growing international pressure. Hamas, meanwhile, has officially rejected additional proposals for a potential hostage exchange deal, accusing Netanyahu of deliberately sabotaging negotiations

The family of Hersh Goldberg-Polin, one of six abductees murdered by Hamas during captivity, has allowed the publication of a psychological terror video released by the militant group. The video, published last night (between Thursday and Friday), shows Hersh addressing his family with a heartbreaking message, despite the likelihood that parts of it were dictated to him

The Israeli mortgage market continued its upward trend in August, with total mortgages reaching NIS 8.36 billion, according to Calcalist estimates. This marks a 19.2% increase compared to August 2023 and a 32% rise compared to the 12-month average of NIS 6.32 billion

Delta Galil, the Israeli underwear and sportswear manufacturer, has announced its entry into the Indian market for the first time. The company, controlled by Isaac Dabach, is establishing a joint venture with Reliance Industries, one of India's largest retail corporations

The IDF has released the names of the two reservists who were killed in the crash of a Black Hawk helicopter on the Philadelphia route between Gaza and Egypt: Master Sergeant Daniel Elosh (37) from Tel Aviv-Yafo, and Master Sergeant Tom Ish-Shalom (38) from Ness Harim. Both men were experienced fighters in the elite 669 Airborne Rescue and Evacuation Unit

A young Israeli man was fatally injured this morning in a suspected drive-by attack near the Assaf intersection, close to the settlement of Beit El Binyamin. The IDF spokesperson reported that the driver of the gas tanker involved in the incident was neutralized at the scene and is currently in serious condition. IDF forces have set up blockades in the area as they search for additional suspects.