Since the outbreak of war with the Hamas terror group on October 7, institutional investors have transferred a staggering NIS 151 billion ($40 billion) out of Israel, according to a bombshell report by the Hebrew financial daily Calcalist. This monumental capital flight highlights the severe economic ramifications of the ongoing conflict, which have sent shockwaves through Israel’s financial markets and eroded investor confidence at a critical time.

17 September 2024

Read more: Investors Move ₪151 Billion Abroad Amid War & Economic Uncertainty

In a dramatic session on Monday, the Knesset Finance Committee took a crucial step forward in preparing a sweeping NIS 3.4 billion government spending bill for its second and third readings. This ambitious bill, championed by Finance Minister Bezalel Smotrich, is poised to inject much-needed financial resources into Israel's war-torn economy. With Smotrich himself leading the charge, the proposal addresses a range of urgent war-related needs, from supporting evacuees and hostages' families to bolstering businesses crippled by the ongoing conflict.

16 September 2024

Read more: Knesset Moves Forward with NIS 3.4B War Bill Amid Opposition Criticism

As Israel continues to face unprecedented challenges since the outbreak of war on October 7th, the nation's high-tech sector, long celebrated as a beacon of innovation and resilience, is now navigating uncharted waters. A recent report titled “One Year of Israeli Innovation in War,” published by Startup Nation Central (SNC), reveals that nearly half (49%) of Israeli high-tech companies have experienced canceled investments since the conflict began, highlighting the severe impact on the sector that has been a crucial driver of Israel's economy.

15 September 2024

Read more: Israeli Tech Faces Investment Cuts Amid War; Calls for Gov't Action Grow

The first half of 2024 has painted a sobering picture for Israeli venture capital, marking a period of unprecedented contraction in the sector. According to the recently released IVC - Gornitzky - KPMG Investors Report, the funds raised and investor activities have plummeted to levels not seen in years, continuing a troubling downward trend that began last year.

10 September 2024

Read more: Israeli Venture Capital Faced Major Downturn in First Half of 2024

Israel's fiscal deficit has surged to a staggering 8.3 percent of the country's gross domestic product (GDP), equivalent to NIS 12.1 billion ($3.24 billion) as of August, driven by the government's relentless financial commitment to the prolonged war with Hamas and the ongoing conflict with Hezbollah. This sharp rise in the deficit, detailed in preliminary figures from the Finance Ministry, reflects the immense economic strain of maintaining national security amid heightened military engagements.

09 September 2024

Read more: Israel's Deficit Hits 8.3% of GDP Amid Rising War Costs and Spending