Israel economy

Israelis' wealth grows 80% in six years

According to Bank of Israel figures, the Israeli public's portfolio of financial assets was worth a record NIS 7.4 trillion-a growth of NIS 1.1 trillion within a year, and an 80% rise within six year

New Israeli Shekel banknotes are seen in this picture illustration.
Housing Prices.

Israel's cost of living surpasses wealthiest European countries

David Alexander, Deputy CEO of Phoenix Financial

Israel’s hidden strength: Institutional capital pools

A hand is seen holding several dollar bills before the Israeli flag in this illustrative image.

Shekel at 30-year strongest against dollar


War, women, school, real estate: Why Israel's economy is failing and how to fix it - opinion

The Israeli economy is in shambles; long school days, Palestinians forbidden to work, and lack of enthusiasm to invest in real estate contribute to the crisis

  We have to lead a long school day. A blessing for parents, profit for children and an opportunity to improve teachers' income

Despite concerns about Israel's financial standing, history proves optimistic - opinion

As Moody released its report on Israel, questions arise of whether the war will bolster or cripple the economy amidst halted investments, workforce disruptions, and increased defense spending

 FINANCE MINISTER Bezalel Smotrich speaks at a meeting of his Religious Zionist Party parliamentary faction, last week, in the Knesset. Will the war bring an economic boom like the Six Day War, or a bust like Yom Kippur? There are arguments supporting both sides, says the writer.

Knesset Finance Committee begins debate over renewed budget

Committee members, mostly from the opposition, voiced concerns over the budget, especially in the wake of the credit rating agency Moody's decision on Friday to lower Israel's rating.

 Head of the Finance committee MK Moshe Gafni leads a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, on December 25, 2023.

'Political manifesto:' Israeli FM Smotrich attacks Israel's credit rating downgrade

"Moody's announcement of the downgrade is not based on serious economic arguments and is entirely a political manifesto based on a pessimistic and unfounded geopolitical worldview."

 FINANCE MINISTER Bezalel Smotrich attends a discussion on the state budget, at the Knesset Finance Committee, in July. The state budget for 2024 and the next few years must be fundamentally redrafted, say the writers.

Israeli Space Forum to be launched to spur growth of multi-billion shekel industry

The goal of the forum is to allow different companies and entrepreneurs to link up with investors, government bodies, academics, and global players in the space sector.

 Uri Oron, Director-General of the Israel Space Agency.

Know what you will pay: Taxes on real-estate in Israel

Prior to conducting real estate transactions, it is recommended to examine the eligibility for exemptions and/or reduced appreciation tax or purchase tax relief.


Israel's labor market resilience in the wake of COVID-19

In the wake of a historic low in unemployment and record-breaking labor force participation rates, is Israel's labor market poised for a resurgence?

 Israeli national flags flutter in front of an office tower at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020.

Financial experts give their forecasts for 2024

‘We aren’t going back to almost-free mortgages.'

 PEOPLE WALK AROUND the Financial District near the New York Stock Exchange last month. The stocks of the ‘magnificent seven’  (Apple, Google, Microsoft, Amazon, Tesla, Ndivia, and Meta) were the cause behind the rises on Wall Street in the past year.

Comptroller's report on cost of living unveils critical issues in Israel's economy

As the government formulates the 2024 budget, it must evaluate the war's impact on living costs and address the deficiencies highlighted in the report.

New Israeli Shekel bills are seen in front of a downwards-trending graph (illustration)

'Israel needs NIS 171 billion to match Western standards'

A lack of effective government highlights the necessity for substantial reform in Israel's civil infrastructure, increasing investment in several areas.

 A street vendor sells bagels amid a crowd of protesters demonstrating against judicial reform in Tel Aviv, March 1, 2023.