Posts Tagged: Israel Economy
US-Israeli Software Firm Quali Raises $22.5 million in VC-Backed Funding Round
US-Israeli software firm Quali said on Tuesday it raised $22.5 million in a private funding round led by Jerusalem Venture Partners (JVP). The company's existing investors,...
MK: Israel Likely to Allow Medical Cannabis Exports by Year-End
Israel will likely allow exports of medical cannabis by the end of the year, a top lawmaker said on Thursday, a move that would boost state...
Israel Expands China Export Financing Deal by $500 Million
Israel and China have expanded a protocol that helps finance Israeli exports to China by offering $500 million in government guarantees, Israel's Finance Ministry said on Monday. The Israeli government...
Israeli Cabinet to Vote on Amir Yaron for Central Bank Chief on Sunday
Israel's cabinet plans to vote on Sunday on the nomination of Amir Yaron for Bank of Israel governor, the Prime Minister's Office said on Thursday. Israeli-born Yaron, 54,...
Concerns Grow Over Israel’s Loosening Budget Ahead of Election Year
As Israel approaches an election year, the central bank and analysts have become increasingly worried that the budget deficit is too high and gives the government no...
Outgoing Central Bank Chief: Israel Rate Hikes Likely to Start Soon
Israel's outgoing central bank chief said on Tuesday a short-term interest rate increase is not far off, but pulling the trigger too quickly could delay...
Israeli Authorities Arrest Six in Suspected Diamond Smuggling Scheme
Six people were arrested in Israel on Monday on suspicion of helping to smuggle about 300 million shekels' ($81 million) worth of diamonds into the...
Israel’s Credit Rating Raised by Standard & Poor’s to Highest Ever
JNS.org - Israel’s credit rating has been upgraded by Standard & Poor’s from A+ to -AA, the highest rating Israel has ever had. There are only 17...
Moody’s Affirms Israel’s A1 Credit Rating, Gives Economy Positive Outlook
JNS.org - Global ratings agency Moody’s has changed Israel’s outlook to “positive” from “stable” and affirmed its A1 credit rating. Moody’s report, issued on Friday, noted the...
IMF Report Confirms Strong Economic Growth for Israel
JNS.org - Israel’s strong economic growth and solid job market came in for praise in the International Monetary Fund’s annual report on the nation’s economy. The 2017...
Israel Passes Law to Limit Cash Deals to Fight Economic Crimes
Israel's parliament passed a law that limits the amount of cash in the economy in an effort to fight against dirty money, economic crime and...
Israeli Economy Continues to Flourish
A recent preliminary report from Israel’s Economy and Industry Ministry, along with the Israel Export Institute, says that the country’s annual exports of goods and...
Israel’s Annual Exports Expected to Pass $100 Billion for First Time
JNS.org - Israel’s annual exports of goods and services are expected to exceed $100 billion for the first time when the final figures for 2017 come...
Bank of Israel Mulling Creation of Digital Shekel to Curb Tax Evasion
JNS.org - Israel’s central bank is considering the creation of a digital shekel aimed at weaning the the Jewish state’s economy off cash and curbing tax evasion. “For...
