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


Israel shekel stumbles amidst Iran and Hezbollah attack concerns

The New Israeli Shekel levels show that the currency has suffered its worst daily decline since the October 7 massacre.

A man walks past an electronic board displaying market data at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020.

Bank of Israel drops GDP growth forecast amid prolonged war prediction

GDP impairment is affected by both army reserves mobilization and restrictions on Palestinian laborers, creating supply issues.

 Israeli police work at the area where a rocket landed in Kiryat Shmona, February 13, 2024

How efficient Israeli response to Iran's attack led to resumption of flights

Although fewer visitors than usual are expected to fly to Israel this summer due to the war, restarted airline operations and the reactivation of Ben Gurion’s Terminal 1 might help local tourism.

 An El Al plane in Ben-Gurion Airport.

No matter how big, Israel's defense budget alone can't provide security

Former INSS head says security is dependent on a diplomatic process, not just budgetary increase.

 Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir embrace ahead of the 2023 budget vote.

Strauss, Cola, and Tnuva: Will Israel's food prices keep rising and why? - interview

While Eizenberg cautioned that it is very hard to know what may happen in the future, he predicts that the likely scenario is that prices will continue to rise in the next few months.

A Tnuva truck enters the company's logistic centre in the southern town of Kiryat Malachi, Israel May 22, 2014.

Protecting your pocket: financial tips to save during the war

The war period creates financial uncertainties. How can you prepare and avoid mistakes that could lead to a slippery slope? Tips from ONE ZERO's VP of Banking to save money in challenging times.

 Protecting your pocket: the financial tips that will save you money during the war

21% Increase in purchase of holiday gifts from war-affected businesses

BUYME Reports a 21% Increase in Purchases of Passover 2024 Holiday Gifts from Businesses Impacted by War, Showcasing Support for Local Economy and Small Enterprises.

 Giving a hand: a 21% increase in the purchase of holiday gifts from businesses affected by the war

Iran-Israel conflict: Will S&P credit rating drop harm Israel's economy?

The updated credit score, along with the other recent ratings, has the potential to impact Israel's economy in a number of ways. 

The S&P Global logo is displayed on its offices in the financial district in New York City

Israeli construction to suffer under Turkey's economic sanctions

Turkey's Trade Ministry to restrict exports of a wide range of products to Israel, especially those used for construction, until a ceasefire is declared in Gaza.

 Turkish President Tayyip Erdogan speaks to announce Murat Kurum as his ruling Justice and Development Party (AK Party) candidate in Istanbul's mayoral election in March, in Istanbul, Turkey January 7, 2024.

What does Fitch credit rating mean for Israel?

The rating, published earlier this month, removed a negative watch on Israel's score - an indicator that Fitch no longer plans to drop its rating in the near term.

 Joseph Wolf, CEO of EFG.