The value of the US dollar against the Israeli shekel has continued its downward trend, currently trading at approximately 3.88 NIS. This marks a decrease of over one percent since the previous Friday. Simultaneously, the Euro is trading at around 4.18 NIS, showing signs of slight weakening. This fluctuation in currency exchange rates has been a topic of keen interest since the begining of the war in Gaza over a month ago.

07 November 2023

Read more: Israeli Shekel Strengthens After Nasrallah's 'Soothing' Speech

In recent times, the European public has begun to gain a deeper understanding of how Hamas, a designated terrorist organization, has been manipulating the people of Gaza for years. A striking revelation was made by the German daily newspaper "Die Welt," shedding light on Hamas' covert economic empire, worth a staggering $700 million, meticulously crafted to serve the interests of a select few within the terrorist organization. Astonishingly, while Hamas leaders enjoy lives of opulence abroad, the residents of Gaza grapple with the dire consequences of their actions.

30 October 2023

Read more: Unveiling Hamas' Economic Empire: Luxury For Leaders, Suffering For Gaza

A week ago, the "Takuma" Committee was established, with Brigadier General Moshe Adri at its helm. Concurrently, General Adri serves as the head of the Atomic Energy Committee. The primary objective of this newly formed committee is to coordinate and strategize the rehabilitation and treatment efforts for evacuees and the areas surrounding Gaza affected by the recent Hamas terrorist attack.

26 October 2023

Read more: Efforts Of The 'Takuma' Committee In Rehabilitation And Evacuee Support:

On Wednesday morning, the renowned international credit rating agency Standard & Poor's (S&P) made a significant announcement regarding the State of Israel's credit rating. S&P decided to alter the rating forecast for Israel, shifting it from "stable" to "negative." However, it's important to note that S&P has upheld Israel's current credit rating at AA-, signaling a cautious stance amid recent geopolitical developments. This decision follows in the footsteps of other prominent credit rating agencies, Fitch and Moody's, which have also initiated special monitoring procedures due to concerns about a potential downgrade of Israel's credit rating.

25 October 2023

Read more: Israel's Credit Rating Faces Negative Outlook Amid Geopolitical Tensions

In the wake of the severe labor shortage precipitated by the outbreak of war in Israel, Economy Minister Nir Barkat is spearheading an initiative to bring in 160,000 foreign workers from India as expeditiously as possible. This pivotal move is expected to be presented for government approval in the forthcoming days. The dearth of labor has been a direct consequence of the termination of Palestinian workers' employment in Israel, a predicament that has cast a wide-reaching shadow across various sectors of the economy.

23 October 2023

Read more: Economy Minister Seeks 160,000 Indian Workers To Switch Palestinian Labor