Western officials have sounded the alarm over a looming "economic catastrophe" in Judea & Samaria if Israel fails to renew a crucial waiver enabling Israeli banks to maintain relationships with their Palestinian counterparts. This waiver, which is set to expire on July 1, facilitates the transfer of payments for essential services and salaries tied to the Palestinian Authority (PA), and ensures the importation of necessities such as food, water, and electricity into the occupied territories.

22 May 2024

Read more: Western Officials Warn Of Palestinian Economic Collapse Without Israel Waiver

In a recent announcement, Moody's Rating Agency affirmed its A2 ratings for Israel's foreign-currency and local-currency issuances, keeping the outlook negative. This decision comes amid ongoing geopolitical risks and uncertainty, highlighting the complex security landscape that Israel navigates.

12 May 2024

Read more: Moody's Holds Israel's A2 Rating Steady Amid Geopolitical Strife

Israel's foreign exchange reserves have witnessed a dramatic plunge, dropping by a staggering $5.632 billion in just one month, according to the latest figures released by the Bank of Israel. As of the end of April 2024, the reserves stood precariously at $208.109 billion, a significant decline from the previous month. This decline in reserves is a stark indicator of the financial turbulence faced by the nation, with the reserves relative to GDP now hanging at a mere 41%.

08 May 2024

Read more: Israel's Foreign Reserves Dip Amid War; Economy Faces Mixed Outlook

In the first third of 2024, despite the backdrop of ongoing conflict and the disruption of Passover holidays, Israeli startups have shown remarkable resilience and capability, amassing a substantial $2.6 billion in investment capital. A significant milestone was reached in April 2024, as Israeli ventures secured over $1 billion in funding—a first in several years. This figure, impressive as it stands, potentially understates the true scale of investment, given that some enterprises prefer to operate stealthily and may not report their financial infusions.

01 May 2024

Read more: Israeli Startups Secure $2.6B So Far In 2024 Amid Challenges

In the latest geopolitical developments, oil prices experienced a significant surge, and global stock markets tumbled following Israel's forceful retaliation against Iran. The immediate aftermath saw Brent crude, the primary international oil benchmark, ascend sharply by up to 4.2%, crossing the $90 threshold per barrel, following reports of explosions near a strategic military base early today.

19 April 2024

Read more: Global Markets Tumble As Israel Retaliates Against Iran