Economy

Lockdowns to stop the spread of coronavirus have propelled Israel into its largest-ever budget deficit: over $30 billion.

According to energy researcher at the Mitvim Institute, Israelis are paying prices that are "wildly above" those available on the international market.

US investment bank says the strong correlation between shekel and tech stocks could be affected in "Blue Sweep."

Advocacy group decries government's decision-making, lack of assistance. "By the end of the year, 100,000 businesses will close" warns Arcaffe founder Tamir Barelko.

The ongoing lockdown and the continued coronavirus crisis has complicated the drafting of a new budget bill, and it is unclear how the Ministry of Finance could realistically meet the Dec. 23 deadline.

Dubai, with $21.2 billion in diamonds traded last year, and Israel, with around $12 billion, are the Middle East’s main diamond centers.

Leading Israeli defense contractor to produce spare parts for the aviators' night vision imaging system head-up display system of the US Army.

Chief Economist Shira Greenberg says government's decision to allow more industries to remain at least partially operational has mitigated the lockdown's impact on the economy, but cautions that any extension of the lockdown will require the Treasury to again revise its projections.

Finance Ministry says that extending the lockdown to one month will cost the economy NIS 50 billion. OECD urges government to help businesses, the unemployed.

Energy Minister Dr. Yuval Steinitz is joined by seven energy ministers to launch the Eastern Mediterranean Gas Forum – a platform that brings together gas producers, consumers, and transit countries to create systematic policy and dialogue on natural gas.