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

In an extraordinary move, El Al CEO Dina Ben Tal Ganancia has announced a groundbreaking initiative to drastically reduce airfare for Israeli travelers. As the world grapples with skyrocketing travel costs, Ben Tal Ganancia has emerged as a bold leader, determined to make international travel accessible to all Israelis at a time when most carriers have canceled service to Israel over the looming threat of Hezbollah and Iranian airstrikes.

21 August 2024

Read more: El Al Agrees To Boost Travel Accessibility For Israelis With Low Cost "Bridge" Flights

In the face of immense challenges, Israel's housing market has defied expectations, showcasing a remarkable resurgence that has left both investors and industry insiders astounded. The latest data from the Central Bureau of Statistics reveals an extraordinary 78% increase in housing transactions in the second quarter of 2024 compared to the war-stricken final quarter of 2023. This dramatic upswing is not just a recovery; it is a powerful testament to the indomitable spirit of the Israeli economy, which continues to thrive despite the turmoil.

20 August 2024

Read more: Israeli Housing Market Soars: Record Deals & Prices Defy War Impact