Fitch Ratings downgraded Israel’s credit rating to A with a negative outlook. Finance Minister Smotrich attributed this to ongoing war but assured economic resilience and a planned recovery.
The USS said in its most recent report that it had reduced its investments in the Middle East "in response to the financial risks that became apparent."
Musk has reportedly contributed to the America PAC. However, the South African-born entrepreneur was not listed on a Monday filing by the group, which shows that it has raised more than $8 million.
For the first time in the banking system, all branch managers will provide their personal phone numbers to customers for direct correspondence on WhatsApp.
The Bank of Israel plans to improve its payment system with a digital shekel, but it is waiting for other advanced economies to launch digital currencies.
Since the Hamas-led attack on Israel on October 7, Israeli Finance Minister Bezalel Smotrich has withheld sums earmarked for administration expenses in Gaza.
“Israel Bonds is the most powerful way to connect the Diaspora to the State of Israel and its people,” explains Dr. Andrew M. Hutter, Israel Bonds US and International Chairman of the Board.
Local municipalities can request an exception to the updated rate set by the Interior Ministry, meaning some could charge an even higher rate if they receive approval.
As recently as June 18, 2023, the Israeli government gave preliminary approval for Gaza gas development, making the October 7 massacre even more deplorable.