Economy

Insurance companies' profits surged this quarter to NIS 2.85 Billion

Phoenix and Menora Mivtachim led a 20% Q2 profit surge to NIS 2.85B across Israel's top insurers, prompting raised business targets and major dividend payouts.

A record-breaking quarter for insurance: Profits soar to NIS 2.85 billion as market leaders double down on ambitious target growth.
US President Donald Trump reacts as he speaks to the media with US Treasury Secretary Scott Bessent behind him, on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Strategy or physical withdrawal: What does Washington’s shift from airstrikes to sanctions signify?

US Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, DC, US, August 20, 2026.

Treasury Secretary Bessent says US entering 'endgame' with Iran, will sever economic lifelines

An Iranian woman shops in a local market in Tehran, Iran, April 28, 2026

Iranian worker’s suicide attempt exposes Islamic regime's economic crisis, expert says


Bennett promises to save NIS 8,000 per family

The chairman of the Together party is launching his economic plan: It includes dismantling monopolies and exclusive importers, opening up the kosher market, and insuring bank deposits.

Naftali Bennett

Former PM Bennett unveils plan to lower Israel’s cost of living if victorious in Knesset election

The Together Party's proposal targets monopolies, import restrictions, and barriers to competition.

Chairman of the “Together” party and former Prime Minister Naftali Bennett speaks during a press conference in Tel Aviv, June 15, 2026.

The wealth report: A record number of millionaires worldwide

The Global Wealth Report reveals a surge in personal wealth and a record number of millionaires. Where does Israel rank in average wealth?

Dollars

South Korea to unveil USD 650 b. mega semiconductor, AI projects in manufacturing 'great leap'

The announcement would mark President Lee Jae Myung's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities with a "great leap"

A view shows Samsung Electronics' chip production plant at Pyeongtaek, South Korea

Study: "Israel’s Basket" led to a wave of price increases

A new study discovered that while the prices of the basket products at Carrefour plunged by 35%, a widespread wave of price increases of up to 14% was simultaneously recorded in parallel categories.

Nir Barkat

Industries thriving in Canada right now

“Canada’s growth is driven by strong, diverse industries.”

The pampering of young people in Israel could end in a security disaster

The flight of young people from certain sectors of the labor market is not a phenomenon unique to Israel, but in our specific case, it could turn into a severe security danger.

Foreign workers in Israel

The heavy price of wars: The workers repeatedly pushed out of the labor market

More than 70% of the women who lost their jobs during the 2026 Iran War were also harmed in another emergency crisis in the last six years.

The Jerusalem Employment Service branch, December 2020

A tsunami of bankruptcies threatens the global economy

The crisis in Iran has choked supply chains, and superpowers like the US, France, and Japan are bleeding. And what is happening here in Israel?

The sharpest increases in bankruptcy are expected to be recorded in the US and France: Trump and Macron

The annoying truth behind the illusion of the low dollar

The dollar has plunged to a 30–year historical low and global commodities are cheaper, but food prices in Israel are only skyrocketing.

The shekel has strengthened against the dollar, so why aren't we feeling relief at the supermarket?