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

The Palestinian economy in Judea and Samaria (commonly referred to as the West Bank by Palestinian leaders) has been a precarious one, largely dependent on Israel for stability, employment, and basic economic functions. However, since the eruption of the Gaza war in October 2023, this already fragile economy has entered a state of accelerated deterioration, putting immense pressure on the livelihoods of the Palestinian population. This crisis threatens to ignite widespread unrest as external actors such as Hamas and Iran exploit the situation through both financial and military support, intensifying their incitement against Israel and the Palestinian Authority (PA).

05 September 2024

Read more: Gaza War Cripples Palestinian Economy in Judea & Samaria

In a shocking turn of events, the Israeli government has approved a colossal 500 million shekel budget cut that disproportionately targets the embattled northern communities, leaving mayors and residents furious. The Finance Ministry's promises to eventually restore the funds ring hollow, as local leaders and citizens alike express deep skepticism and frustration. "They are laundering funds that have not yet been given to us," say northern officials, who feel abandoned by their own government during a time of unprecedented crisis.

26 August 2024

Read more: Northern Israel Outraged: Government Diverts Vital Funds Amid Hezbollah Threat