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Home Category Economy

Economy

IMF to provide debt relief to help 25 countries deal with pandemic

IMF urges Israel to promptly pass 2021 state budget

by Reuters and ILH Staff

The International Monetary Fund says both monetary and financial policies need to remain accommodative, while fiscal policy should continue to prioritize health spending and gradually become more targeted.

Snoop Dogg, animated turtle star in SodaStream's bubbly holiday campaign
video icon

Snoop Dogg, animated turtle star in SodaStream's bubbly holiday campaign

by ILH Staff

"They make a great product and a big difference in the world. I am happy to help spread the love!" Snoop Dogg says of home beverage carbonation system.

Tel Aviv ranked world's 5th most expensive city

Tel Aviv ranked world's 5th most expensive city

by ILH Staff

Coronavirus significantly alters the world's most expensive city list, report says

Retail revolt: 2 Israeli shopping mall groups open despite ban

Retail revolt: 2 Israeli shopping mall groups open despite ban

by Hili Yacobi-Handelsman

Forum representing major retail groups explains that it has decided to instate "COVID patrols" charged with enforcing public health regulations, including social distancing, masks, and limits on the number of customers in any given store.

Israel boasts world's 2nd-heaviest housing cost burden

Israel boasts world's 2nd-heaviest housing cost burden

by JNS and ILH Staff

According to CompareTheMarket, the average Israeli household spends almost 27% of its annual disposable income on each square meter of housing space, making the local housing market the second-most expensive in the world.

Asia forms world's biggest trade bloc, excluding US

Asia forms world's biggest trade bloc, excluding US

by Reuters and ILH Staff

Fifteen Asia-Pacific economies forge free-trade bloc amid questions over Washington’s engagement in Asia.

S&P affirms Israel's solid credit rating despite pandemic-triggered recession 

S&P affirms Israel's solid credit rating despite pandemic-triggered recession 

by Eran Bar-Tal

International credit rating agency says Israel's relatively high AA- classification stands, gives the local economy a "stable" outlook, citing robust financial system, local savings and access to capital markets.

Leading Israeli PR firm opens UAE division

Leading Israeli PR firm opens UAE division

by ILH Staff

Kam Global Strategies becomes first Israeli strategic communications and public relations agency to offer media outreach services to Gulf states.

'Trade with UAE can reach billions,' industry insiders say

'Trade with UAE can reach billions,' industry insiders say

by Gilad Zwick and AP

Most exports to the United Arab Emirates likely to focus on Israeli technology in areas such as cyber, medical equipment, agriculture, and water.

Despite pandemic, Israelis clamoring to file patents

Despite pandemic, Israelis clamoring to file patents

by Hili Yacobi-Handelsman

March-August 2020 saw a total of 4,081 patent applications filed, compared to 3,899 in the same six-month period of 2019, numbers from the Justice Ministry obtained by Israel Hayom show.

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