ECONOMY

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

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

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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.

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."

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%.

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

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

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

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.

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?

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.

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

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

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

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