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by Ifi Reporter
Category: Capital Market
In the wake of the ongoing "Iron Swords" war, the Ministry of Finance has announced plans to allocate billions of shekels to finance the conflict. Finance Minister Bezalel Smotrich has expressed concerns about the government's delayed response in addressing budgetary needs during the crisis
Oct 9, 2023
by Ifi Reporter
Category: Politics
United States Army's Central Command (CENTCOM) has deployed the USS Gerald Ford, a formidable aircraft carrier, to the region. While the exact distance from Israel's shores was not disclosed, CENTCOM stated that their goal is to "deter any player who seeks to escalate the situation and expand this war." The USS Gerald Ford is accompanied by eight squadrons of attack and support aircraft, as well as a missile patrol and four missile destroyers
Oct 10, 2023
by Ifi Reporter
Category: Capital Market
The International Monetary Fund (IMF) has sounded the alarm on the deceleration of the global economy's recovery, exacerbated by the ongoing conflict in Israel. The New York Times highlights the IMF's concerns, pointing to the increasing challenges in safeguarding against unforeseen global economic shocks
Oct 10, 2023
by Ifi Reporter
Category: Communication
In an urgent response to the impending cessation of insurance coverage by international companies, the Israeli government is set to extend a financial lifeline to El Al and Israel Airlines. The move aims to secure vital insurance against the risks of war, following the recent announcements of international insurers discontinuing their services within seven days
Oct 12, 2023
by Ifi Reporter
Category: Politics
In a stunning turn of events, Minister Galit Distel-Atbarian has tendered her resignation as the head of the Ministry of Information, citing her deep concerns over the misallocation of public funds. Her resignation comes amid a growing controversy within the Israeli government. In her official statement, Minister Distel-Atbarian expressed her unease about the substantial expenses associated with running a government ministry, emphasizing the significance of every shekel for the people of Israel. Her primary grievance revolved around the perceived loss of power and effectiveness of the...
Oct 12, 2023
by Ifi Reporter
Category: Government
Israel government has initiated a relief program to support citizens affected by the war. However, the plan has drawn significant criticism for its limited scope and perceived inefficiency.Starting today, war-affected citizens can submit initial requests for assistance, with grants ranging from NIS 1,000 to NIS 5,000. The Ministry of Finance is expected to develop a comprehensive economic plan, including measures requiring approval from the Knesset's Finance Committee. The estimated cost of this program is approximately two billion shekels
Oct 14, 2023
by Ifi Reporter
Category: Politics
Shelley Greenspan, who is responsible for Jewish community relations on behalf of the Biden administration, issued a statement on behalf of the White House according to which "the United States is ready to act if an entity hostile to Israel considers trying to incite or expand this war." The announcement detailed the aid, weapons and ammunition that the US recently transferred to Israel, including Iron Dome interceptors, a fighter squadron and two aircraft carriers. About US citizens who live, work and travel in Israel", it was further stated
Oct 14, 2023
by Ifi Reporter
Category: Capital Market
In a heartfelt response to the ongoing challenges faced by children and teenagers affected by the recent conflict in Israel, Discount Bank has announced the establishment of the "Keren Or" fund. This dedicated aid fund, established in partnership with a mercantile bank, will provide NIS 50 million to address the complex needs of these young individuals, focusing on physical and emotional healing and community security
Oct 14, 2023
by Ifi Reporter
Category: Government
Home Front Command and the Ministry of Education have jointly announced plans to allow partial educational activities in areas considered low-risk ("yellow" authorities). This decision, effective immediately, is contingent upon the presence of nearby protected spaces
Oct 14, 2023
by Ifi Reporter
Category: Financial
Bank of Israel has unveiled a comprehensive plan aimed at providing financial relief to the public in the wake of ongoing regional conflict. This plan, set to be in effect for at least three months, divides the population into two groups with varying levels of support
Oct 15, 2023