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Israel/Economy

View of the northern Israeli town of Jish, in the Upper Galilee, October 8, 2024.

5 min

Economy

A new vision for the North: $6.3 billion plan set for the Galilee's revival

The initiative includes a new $1.1 billion investment targeting housing, transportation, healthcare and security in Galilee communities, following last week's $5.2 billion package for northern border

i24NEWS

Read time: 5 min.


4 min

Economy

'Win-win for economy and diplomacy': Smotrich tells i24NEWS new 'Isaac Accords' will unlock massive Israeli capital

Speaking in Washington, the Finance Minister outlines a strategic push to leverage Israel’s $2 trillion capital reservoir through a new IDB partnership, strengthening ties with Latin American allies

Mike Wagenheim

Read time: 4 min.


Illustration - Station-service israélienne

2 min

Economy

Israeli fuel prices to drop 27 agorot per liter starting at midnight

Shekel strength and falling global oil prices drive the biggest monthly cut in recent months

i24NEWS

Read time: 2 min.


WIX Campus in Tel Aviv, Israel

3 min

Economy

Wix preps for largest layoff in company history, cutting up to 1,000 jobs amid AI pressures and profit losses

The Israeli web development company is set to cut roughly 20% of its global workforce as it pivots toward AI amid eroding profitability and a 50% collapse in its share price this year

i24NEWS, Henry Kirshner

Read time: 3 min.


Illustration - Billets de banque israéliens

3 min

Economy

The shekel reaches its highest level against the dollar in 30 years

Despite the conflicts, the Israeli economy remains strong and its currency has reached a historic level against the dollar, to the point of worrying exporting companies

i24NEWS

Read time: 3 min.


أوراق دولار أمريكية - صورة توضيحية

2 min

Economy

For the first time in 30 years: the dollar drops below 3 shekels

The dollar exchange rate continues to decline and its value stands at less than three shekels • This is a three-decade low in the value of the currency

i24NEWS

Read time: 2 min.


FILE - Skyscrapers line the skyline of Tel Aviv, Israel, on April 18, 2018.

4 min

Economy

Investing between two homes: What Jewish-American portfolios can learn from 20 years of data - oped

At every level of risk, the optimal portfolio includes US stocks, Israeli stocks, US housing, and Israeli housing. Investors should not choose between the US and Israel- they should combine both.

Dr. Ido Kalir

Read time: 4 min.


Illustration - Soldats israéliens

2 min

Economy

Israel approves compensation plan for reservists with 6.2 billion shekel budget

The plan strengthens support mechanisms for economic, family, and psychological needs, addressing the cumulative strain on reservists after several years of intensive activity

i24NEWS

Read time: 2 min.


Le contrôleur de l'État israélien, Matanyahu Englman

3 min

Economy

State Comptroller: Israel entered war unprepared to cover civilian compensation costs

State Comptroller report says Israel began the Iron Sword war without knowing whether its compensation fund could cover civilian losses, exposing major financial, planning, and oversight failures

i24NEWS

Read time: 3 min.


Maquette numérique du futur campus Nvidia à Kiryat Tivon

2 min

Economy

Nvidia announces new Israeli campus, plans for 10,000 employees

"Israel is home to some of the brightest technologists and engineers in the world, and has become Nvidia’s second home. Our new campus will be a place where our teams can build the future of AI"

i24NEWS

Read time: 2 min.


Benjamin Netanyahou et Eli Cohen

2 min

Economy

Netanyahu announces $35 billion gas deal with Egypt

“This is the largest gas transaction in the history of the State of Israel,” the Israeli PM said

i24NEWS

Read time: 2 min.


Prime Minister Benjamin Netanyahu at the cabinet meeting

2 min

Economy

Israel's gov't cabinet approves 2026 budget heavy on defense spending

The new budget allocates 112 billion shekels ($35 billion) for defense, an increase from the 90 billion shekels earmarked in an earlier draft.

i24NEWS

Read time: 2 min.


Le ministre israélien des Finances, Betsalel Smotrich

2 min

Economy

Smotrich accuses Israeli Agrifood giants of 'abusive monopolies'

According to the finance minister, these corporations “purchase media influence” to block any move toward liberalization.

i24NEWS

Read time: 2 min.


Dr. Ron Tomer

2 min

Economy

2025 high-tech conference opens in Tel Aviv with focus on post-war growth

“This is a place to engage with challenges and create new opportunities for Israeli industry,” said Israeli President Herzog

i24NEWS

Read time: 2 min.


Un drapeau israélien sur lequel est inscrite la phrase en hébreu "ensemble nous vaincrons", au centre commercial Azrieli à Tel-Aviv

2 min

Economy

S&P revises Israel outlook to 'stable' after Gaza ceasefire

The stock market index cited the reduced probability of security risks after the U.S.-mediated ceasefire agreement with Hamas

i24NEWS

Read time: 2 min.


Israel's offshore Leviathan gas field in the Mediterranean Sea, on September 29, 2020.

2 min

Economy

Israel to power Europe? Energean strikes gas deal with Cyprus

The agreement could make Cyprus the first European importer of Israeli natural gas, pending approval from both governments.

i24NEWS

Read time: 2 min.


(Illustrative) EasyJet Airbus A321 departing from Lisbon airport

1 min

Economy

EasyJet announces it will not return to Israel before spring of 2026

All customers can receive a refund. We continue to closely monitor the security situation in Israel.’

i24NEWS

Read time: 1 min.


Agence Moody's

3 min

Economy

Economy: Moody's maintains Israel's Baa1 rating with negative outlook

'We believe there is a gap between Moody’s assessment and the full economic picture,' responded Yali Rothenberg, the director of the Israeli State Comptroller’s Office.

i24NEWS

Read time: 3 min.


El Al airplanes at the Ben Gurion International Airport in Israel.

3 min

Economy

El Al sued in class action suit for 'taking advantage of national tragedy'

'The price gouging of an essential and irreplaceable service during an emergency by a monopoly is a disgraceful and illegal act' the lawsuit claims

Adi Cohen

Read time: 3 min.


Click to watch the conference

2 min

Economy

Greek, Israeli industry leaders join in Mediterranean Maritime Conference

Israel and Greece, two nations connected by rich maritime histories and present-day geo-strategic interests, share a promising future of development and cooperation in the Eastern Mediterranean

i24NEWS

Read time: 2 min.


File photo of Lufthansa aiplanes

2 min

Economy

Airlines announce flight cancellations after Houthi missile hits Ben Gurion

Swiss, Brussels, Austrian, Lufthansa, and Air Europa announced flight to Ben Gurion Airport will be canceled after a missile from Yemen fell near Terminal 3

i24NEWS

Read time: 2 min.


Economy Minister Nir Barkat speaks during a press conference at his office in Tel Aviv

2 min

Economy

Israel plans to deregulate US imports to placate Trump amid tariff threat

Economy and Industry Minister Nir Barkat said that Israeli authorities were caught off guard when the Trump administration placed a 17 percent tariff on Israeli goods

i24NEWS

Read time: 2 min.


وزير المالية بتسلئيل سموتريش

2 min

Economy

Smotrich moves to cancel tariffs on US goods in good will gesture to Trump

Collection of customs from imports from the United States amounts to approximately 42 million shekels ($11 million) per year • Smotrich asked the economy & agriculture ministers to hasten the process

Adi Cohen

Read time: 2 min.


Moody's sign seen in New York

1 min

Economy

Moody's warns Israeli economy weakened by political risks, regional threats

Despite the budget approval and fiscal adjustments, the country's credit rating remained at its lowest level so far, with a negative forecast • Moody's stressed this is not a rating action

Adi Cohen

Read time: 1 min.


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