Decisions made by rating agencies will undoubtedly have a lasting impact on financial landscape, government's fiscal policies, and overall well-being of Israeli citizens.
The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.
Insufficient compensation plans and widespread tax evasion contribute to a thriving black market, costing taxpayers hundreds of thousands of shekels and risking criminal penalties.
The Israeli Securities Authority investigation reveals multiple scandals at Unite Credit involving senior officials, including former chairman and finance minister Moshe Kahlon.
Even before the security crisis in October, the first three quarters of 2023 showed a 60% decrease in volume and a 21% decrease in the number of transactions.
Richard A. Rosenbaum, executive chairman of Greenberg Traurig, one of the world’s largest law firms, spent a day in Israel visiting the firm’s Israeli office as a sign of support and solidarity.
What was already a turbulent year for Israel’s economy is undoubtedly about to get worse — and the year’s rocky start could turn out to be a walk in the park by comparison.