The First International Bank of Israel (FIBI) reported a 10% decline in quarterly net profit, reflecting the broader economic challenges facing Israel due to the ongoing conflict with Hamas. Despite this decrease, FIBI remains robust and well-prepared to navigate the nation's security issues. The bank, Israel's fifth-largest, will distribute a 40% dividend of its net income for the quarter, affirming its commitment to its dividend policy while closely monitoring economic developments.

28 May 2024

Read more: Israeli Banks Show Resilience Amid Hamas Conflict With Strong Dividends

US fast food brands, including McDonald’s and KFC, are encountering significant challenges in Asia, the Middle East, and parts of Europe due to boycotts linked to the ongoing Gaza conflict. These boycotts have intensified regional tensions and led to a surge in support for Palestinians, prompting many Muslims to change their consumption habits and reduce demand for American fast food.

24 May 2024

Read more: US Brands Face Boycotts In Asia, Middle East, & Europe Over Israel

Israel's Finance Minister Bezalel Smotrich has reignited a fierce and long-standing economic battle with the Palestinian Authority (PA), declaring on Wednesday his intent to withhold the tax revenue Israel collects on behalf of the PA. This decisive action follows declarations by Norway, Spain, and Ireland to recognize a Palestinian state—an unprecedented challenge to Israel's sovereignty and diplomatic efforts.

23 May 2024

Read more: Israel Withholds PA Tax Revenue in Response To Palestinian State Recognition

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