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Prof. Amir Yaron Credit: Israel Democracy Institute Bank of Israel raises interest rate by 0.5%

This is the first 0.5% hike since 2011, as the Bank of Israel combats rising inflation and has cut its growth forecast.

Lightricks founders Credit: Eyal Merillus App developer Lightricks lays off 70 in Israel

The Jerusalem-based company, which has developed the Facetune selfie editing app, says the cuts are designed to ensure its long-term future.

Salary slip Photo: Oria Tadmor Average monthly salary stays above NIS 12,000

The average monthly salary in Israel in April 2022 jumped 3.8% to NIS 12,061, compared with NIS 11,621 in April 2021, the Central Bureau of Statistics reports.

Unemployment Credit: Aviva Gantzer Unemployment in Israel falls again

The unemployment rate in Israel fell to 3% in the first half of June, from 3.4% in the second half of May, the Central Bureau of Statistics reports.

Prof. Amir Yaron Credit: Eyal Izhar Bank of Israel seen raising interest rate on Monday

Rising inflation and widening rate gaps with the rest of the world are expected to push the Bank of Israel into raising the rate for the third time this year.

Energean FPSO platform  credit: Energean Hezbollah drones challenge possible Israel-Lebanon deal

Israel shot down three drones launched by Hezbollah before they could reach Energean's Karish gas platform.

Avigdor Liberman  credit: Israel Democracy Institute State's unfunded pension debt exceeds trillion shekels

The defense establishment is responsible for 38% of the actuarial debt, with NIS 389 billion owed to career personnel.

Alibaba.com Credit: Alibaba.com Alibaba shuts Israel development center, lays off 60

The Chinese giant's Tel Aviv development center was set up in 2017, following the acquisition of two Israeli startups: Visualead and InfinityAR.

Solar energy farm  credit: Shutterstock Gov't approves NIS 3b climate-tech program

The program is meant to help Israel take a slice of a huge global market, but implementation will depend on the next government.

Matthew Hertz Credit: Tamar Matsafi Fake profile finder Pipl firing 22, hiring 50

Behind the Israeli-US startup's personnel changes is the plan to implement full automation of its product.

Tel Aviv Stock Exchange (TASE)  credit: Shlomi Yosef Market players see election having no effect on TASE

Gilad Altshuler: Happily, it’s not the government that leads the Israeli economy.

Yarom Ariav  credit: Sasson Tiram Citizens' Fund investment chief: Our horizon is 40-50 years

Israel’s sovereign wealth fund head Yoram Ariav talks about ethical investment, transparency, and benefitting future generations.

Digital shekel Credit: Shutterstock Digital shekel trial raises smart contract, privacy problems

The Bank of Israel today published initial conclusions from the first technological trial conducted as part of the digital shekel project.

Trax founders Joel Bar-El and Dror Feldheim Credit: Trax Retail analytics co Trax laying off over 100

Trax chairman Joel Bar-El: The layoffs will help us become profitable more quickly than planned.

Homes for rent  credit: Eyal Izhar Tax Authority struggling to combat rental fraud

In the absence of adequate records, tax evasion in Israel's residential rentals market is rife.

Homes under construction Photo: Eyal Izhar How many Israelis own more than one home?

Their growing numbers are making them a powerful lobby, but precise figures are hard to come by.

Economic growth Credit: Shutterstock Israeli economy contracted at 1.9% in Q1

The revised estimate released by the Central Bureau of Statistics today showed the economy shrinking faster than initially calculated.

Avi Hasson Credit: Eyal Izhar Avi Hasson: Demand for tech workers still exists

The Start-Up Nation Central CEO and former Israel Innovation Authority chair says there may be a slowdown in hiring but workforce shortages won't disappear.

Tel Aviv Credit: Shutterstock 2,500 wealthy immigrants moving to Israel this year - report

Israel is ranked fourth in attracting high wealth individuals this year, according to Henley & Partners, as a "tsunami of private capital leaves Russia and Ukraine."

Inflation Photo: Shutterstock May CPI reading below expectations

The Consumer Price Index rose 0.6% last month and has risen 4.1% over the past 12 months, while housing prices in Israel have climbed 15.4%.

Nadav Shoval credit: PR OpenWeb announces streamlining plan including layoffs

The company will move its head office from Israel to New York, lay off 14 in Israel, and cut hours and salaries.

Avi Tiomkin  credit: Einat Levron Avi Tiomkin: The US is leading the world into recession

Tiomkin, who advises some of the world's largest hedge funds, sees central banks soon being forced to change direction on interest rates.

Elementor founders Credit: Eyal Izhar Elementor begins laying off 15% of workforce

The Israeli website building tools company is shedding 60 employees ahead of the expected slowdown in world markets.

Investment in R&D  credit: Shutterstock Israel reverses decline in IMD Competitiveness Ranking

Israel moves up from 27th to 25th among the 63 countries surveyed, and is first for investment in R&D. Overall top place goes to Denmark.

Shekel-dollar ASAP Creative Is the era of the strong shekel over?

The shekel has weakened 8.5% against the dollar this year but is still 12% stronger against the US currency over the past decade. Can the shekel regain its momentum?

Dr. Jung H. Pak  credit: Gil Shimon, US Embassy, Jerusalem "We want Israel in the driver's seat in dealing with China"

Talking to "Globes", Dr. Jung H. Pak of the US State Department explains opposition to Chinese involvement in Israeli infrastructure projects, and why the one-party model is inferior to Western democracy.

Trading on Wall Street  credit: Andrew Kelly, Reuters Analysts see substantial economic slowdown on horizon

The surprisingly high US inflation reading for May has led to expectations of more aggressive interest rate hikes.

Israel posts zero 12-month deficit for first time since 2008

May was the fifth month in succession in which there was a fiscal surplus.

Tel Aviv  credit: Shutterstock, Markus Mainka Tel Aviv, Jerusalem rise in world's most expensive cities ranking

Tel Aviv has risen to the world's fifth most expensive city, according to ECA, while Jerusalem has risen to 15th.

Growth: Shutterstock - Pushish images OECD sees strong Israel growth but cuts global forecast

GDP growth will remain strong in Israel at 4.8% in 2022 and 3.4% in 2023, the OECD predicts.

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