Israel is on the brink of surpassing its projected fiscal deficit, a situation that underscores the economic challenges the country faces amid ongoing uncertainties. As the revised 2024 budget, aiming for a 6.6% fiscal deficit, awaits Knesset approval, recent figures from the Ministry of Finance signal a pressing concern. Yali Rothenberg, the Ministry's Accountant General, reported a substantial fiscal deficit of 5.6% of GDP, or NIS 105.3 billion, over the last 12 months. This marks an increase of 0.8%, or NIS 13.4 billion, from January's 4.8%, indicating a worrying trend in government finances.

10 March 2024

Read more: Israel's Fiscal Deficit Nears Limit Amid War Costs, Early in 2024

Shake Shack, the iconic American hamburger chain, has made a splash in Israel, launching its inaugural outlet adjacent to the bustling Dizengoff Center in Tel Aviv just last week. The fanfare surrounding its debut has hardly waned, with enthusiastic patrons still forming lengthy queues to sample its offerings. This enthusiasm underscores a burgeoning appetite for gourmet burger experiences in Israel, a country where the hamburger market is rapidly expanding and is currently estimated to be worth around NIS 2.5 billion annually.

05 March 2024

Read more: Shake Shack's Grand Entry Into Israel: A Culinary And Social Phenomenon

In a pressing call to action, Ittai Ben-Zeev, the CEO of the Tel Aviv Stock Exchange, voiced a significant concern at the annual Flotations Conference of the Association of Publicly Traded Companies, highlighting a critical issue facing the Israeli economy.

04 March 2024

Read more: Tel Aviv Stock Exchange CEO Urges Investment Reforms In Israel

In 2023, Israel experienced a significant surge in its natural gas, minerals, and aggregates royalties, primarily fueled by an increase in exports to Egypt and Jordan. The Ministry of Energy and Infrastructure's National Resources Administration revealed in their annual financial disclosure a record-setting revenue of NIS 2.19 billion for the year, marking a substantial 28.8% growth from the NIS 1.7 billion reported in 2022.

28 February 2024

Read more: Israel's Gas Royalties Soar To NIS 2.19B In 2023, Boosted By Exports

In 2023, Israel's energy sector witnessed a significant milestone, with natural gas exports royalties surging to a record-breaking 2.19 billion Shekels ($595 million), thanks to a 25% increase in exports to neighboring Jordan and Egypt. This achievement underscores Israel's growing prominence in the natural gas market, with total royalties from this sector now exceeding 25 billion Shekels ($6.7 billion).

27 February 2024

Read more: Israel's Gas Exports Soar To $595M, As Nation Eyes European Markets