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Category: Capital Market
The Bank of Israel has decided to maintain its key interest rate at 4.5% for the seventh consecutive time, reflecting the ongoing economic uncertainty and geopolitical challenges. The decision follows an upward revision of the state budget deficit for 2025 and persistent inflationary pressures within the Israeli economy
Nov 25, 2024
Category: Government
The Israel Defense Forces (IDF) mourned the loss of Sergeant Osman, who was killed in a violent clash between Jabaliya and Beit Lahiya, as part of a raid in the area. Osman, a member of Kfir's Brigade combat team, fell while engaging enemy forces in northern Gaza. His death brings the total number of IDF soldiers killed in the ongoing conflict since October 7 to 806
Nov 26, 2024
Category: Politics
Thousands of women and men gathered in front of the Zeev Fortress in Tel Aviv on Friday to participate in a silent protest calling for the return of 101 Israelis held hostage by Hamas in Gaza. The protest, organized by the "101 Watch" initiative—founded by the mothers of the abductees—marked the first time the demonstration was held in Tel Aviv, having previously taken place in front of the Knesset in Jerusalem
Nov 29, 2024
Category: Law
In a rare and contentious press conference on Monday, Israeli Prime Minister Benjamin Netanyahu launched a vehement attack on the country’s legal system, using the occasion to frame himself as a victim of political persecution. His remarks, made just hours before his highly anticipated testimony in his ongoing corruption trial, sought to rally his supporters by portraying the legal process as a “hunting expedition” against him
Dec 10, 2024
Category: Health
Unilever has announced a significant price increase for its chocolate products, set to take effect next month. The company cited a sharp rise in global cocoa prices as the driving force behind the price hike, with some products seeing an increase of up to 16%.
Dec 11, 2024
Category: Government
In his first public comments since the fall of the Assad regime in Syria, Hezbollah Secretary-General Naim Qassem spoke on Saturday evening, addressing the Lebanese terrorist group's position amid recent regional developments. Qassem acknowledged that while Hezbollah has faced significant challenges, including the loss of its weapons supply route from Iran through Syria, the group remains resolute in its mission
Dec 14, 2024
Category: Politics
Thousands of people took to the streets across Israel on Saturday night, demanding a comprehensive deal for the return of hostages held by Hamas, with some families accusing Prime Minister Benjamin Netanyahu of failing to fulfill promises made during recent talks. Demonstrations were held in multiple cities, including Tel Aviv, Jerusalem, Haifa, Beersheba, and the Galilee region, as protesters voiced frustration over what they see as political delays and partial agreements regarding the hostages
Dec 14, 2024
Category: Financial
McDonald's Israel will soon offer customers a free product with their online orders, following a class action settlement approved today (Tuesday) by the Central District Court in Lod. The settlement, which resolves claims of misleading pricing, will allow online orderers to select one free item from three options: a half-liter bottle of water (NIS 13), a 330 ml can of Coke Zero (NIS 10), or regular-sized fries (100 grams, NIS 18)
Dec 17, 2024
Category: Financial
The Knesset plenum approved the state budget laws and the 2025 economic plan in a first reading late Monday night. The budget, totaling approximately 609 billion shekels, aims for a deficit target of 4.4%. The approval came amid significant political tensions surrounding disagreements within the ruling coalition
Dec 17, 2024
Category: Capital Market
Israel's National Insurance Institute (NII) has published its annual poverty report for 2023, revealing that while the country's poverty rate has not increased, it remains alarmingly high compared to other developed nations. The report attributes the stabilization to government intervention, including special grants, which have even led to a minimal reduction in poverty levels. However, the figures still highlight significant socio-economic challenges, with nearly 2 million people living below the poverty line, including 872,000 children—over 27% of all children in Israel. Key Findings...
Dec 19, 2024