Israels

Israel's Ministry of Finance estimates that the fiscal deficit will grow to 2%-3% of GDP by the end of 2024, a source close to the matter has told "Globes." This means that the deficit may turn out to be double or even…

Despite a 4% depreciation of the shekel during August, the Bank of Israel did not buy any shekels from its foreign exchange reserves to strengthen the Israeli currency. …

Israel’s gross domestic product (GDP) grew at an annual rate of 3% in the second quarter of this year, the Central Bureau of Statistics reported today. The growth rate matches the annual forecast by the Bank of Israel,…

"There is a significant risk that political and social tensions over the issue (the judicial overhaul) will continue, with negative consequences for Israel's economy and security situation," Moody's warns in a special…

For the first time since Globes presented its annual brand rankings in 2003, an Israeli brand — Bamba — has managed to overtake the likes of Coca Cola, Netflix and Google, which have dominated the rankings, and climb to…

The Israeli CPI reading for June was much lower than expected. The index was expected to show an increase of 0.2% -0.3%, but in the event it was unchanged. Annual inflation fell to 4.2% from 4.5% and is expected to fall…

Israel's foreign exchange reserves at the end of June 2023 amounted to $201.891 billion, an increase of $2.270 billion from its level at the end of May, the Bank of Israel reported. …

Last week, Tikun Olam-Cannbit Pharmaceuticals (TASE: TKUN) made an announcement heralding the end of the company as a pure cannabis player, and possibly the end of the road in Israel for what until not so long ago was…

Israel's fiscal deficit doubled to 0.6% of GDP at the end of May 2023, reaching NIS 10.7 billion over the past 12 months, according to the Finance Ministry's General Accountants' Department report. In May alone, the…

Israel's foreign exchange reserves at the end of May 2023 amounted to $199.621 billion, a decrease of $2.274 billion from its level at the end of April 2023, the Bank of Israel reported. …