In a significant development for Israel’s banking sector, the Board of Directors of Bank Hapoalim has elected Noam Hanegbi as the next Chairman of the Bank's Board of Directors. This pivotal decision reflects the bank's confidence in Hanegbi’s unparalleled expertise, visionary leadership, and remarkable contributions to the financial and technological sectors. His appointment is pending the approval of the Banking Supervision Department.

26 January 2025

Read more: Noam Hanegbi Named Chairman of Bank Hapoalim’s Board of Directors

In a remarkable display of economic confidence, Israel’s central bank governor, Amir Yaron, signaled a potential easing of monetary policy, projecting one or two interest rate cuts in the latter half of 2025. Speaking to US financial news network CNBC at the World Economic Forum in Davos, Yaron highlighted expectations that inflation, which has been running above the target range of 1% to 3%, will moderate significantly in the coming months.

22 January 2025

Read more: Israel Eyes Economic Recovery with Inflation Control and Ceasefire Hope

In a critical assessment, international credit rating agency Moody’s has identified the recently established ceasefire agreement between Israel and Hamas as a pivotal moment for the Israeli economy, providing a much-needed respite from the prolonged conflict’s devastating impact. However, the agency cautions that significant hurdles remain, and durable peace is imperative for sustained economic recovery and geopolitical stability.

21 January 2025

Read more: Moody's: Israel-Hamas Ceasefire Eases Risks but Challenges Remain

Despite the challenges of a turbulent global economy, Israel’s health tech sector stood as a beacon of resilience and innovation in 2024, securing a remarkable $1.2 billion in private funding. This achievement underscores Israel's pivotal role as a global leader in biopharma, digital health, and medical devices, as highlighted by the Health Tech Top 100 map compiled by Startup Nation Central’s Finder platform.

07 January 2025

Read more: Israel's Health Tech Secures $1.2B in 2024, Leading Global Innovation

In a move anticipated by economists and financial experts, the Bank of Israel Monetary Committee has announced its decision to maintain the benchmark interest rate at 4.5%—marking the eighth successive time the rate has been held steady. This decision comes nearly a year after the January 2024 cut from 4.75%, reflecting the central bank’s cautious approach to navigating a volatile economic landscape shaped by ongoing geopolitical tensions and domestic uncertainties.

06 January 2025

Read more: Bank of Israel Holds Interest Rate at 4.5%, Revises Growth Forecasts