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ECONOMY

Cannabis inhaler co Syqe Medical lays off 50

The company says it is making structural adjustments, mainly in the development department.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Defense Ministry to receive extra NIS 42b

The Ministry of Finance and Ministry of Defense have reached agreement on providing budget supplements for 2025-2026, sources have informed "Globes."

Home rental  credit: Eyal Izhar Rents drive inflation, putting interest rate cut in doubt

The housing item accounted for more than a third of the rise in the CPI in June, and is expected to continue to surge.

Inflation  credit: Tali Bogdanovsky Inflation again rising, but home prices continue to fall

Israel’s Consumer Price Index (CPI) rose more than expected in June, but housing prices fell for the third successive month.

Has the air gone out of the high-tech boom?  credit: Nathan Dumlao/Unsplash What's really happening in Israel's tech job market?

Official figures indicating experienced workers being squeezed out may not be capturing the complicated dynamic on the ground.

Taxation  credit: Shutterstock Could UK tax policy drive aliyah?

For Jews in the UK, ideological and family reasons for considering moving to Israel are now joined by some serious tax considerations.

Tech jobseeker numbers rising  credit: Shutterstock Tech layoffs affecting industry's core

The rise in the number of jobseekers in the technology sector is largest among experienced, mid-level workers in what were once secure roles.

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Spokesperson's Office Eight straight months of narrowing fiscal deficit ends

June 2025 saw the biggest monthly deficit since the start of the year, with a deficit of NIS 16.4 billion.

Bank of Israel credit: Shutterstock BoI sells dollars for first time in nearly two years

The sale in June was small, and targeted at restraining the sudden depreciation of the shekel in the immediate aftermath of Israel's strike on Iran.

Moody's offices in Vilnius  credit: Shutterstock/Andrius Zemaitis Moody's maintains Israel rating, negative outlook

The rating agency sees geopolitical risks for Israel remaining high, and says that the impact of the war on the country's economy and fiscal position could turn out to be worse than currently estimated.

Bank of Israel Governor Prof. Amir Yaron credit: Shutterstock Bank of Israel Governor warns on need for tax hikes

Prof. Amir Yaron warns that the government will need to find budgetary sources for the Ministry of Defense's needs.

Intel Kiryat Gat  credit: Shutterstock Intel begins hundreds of layoffs in Israel

Sources tell "Globes" that many dozens of employees have been summoned to hearings in a wave of layoffs that will see the production plant in Kiryat Gat hit hard.

Benjamin Netanyahu  credit: Noam Moskowitz, Knesset Spokesperson's Office Netanyahu orders planning for new airport at Ziklag

Ziklag, south of Kiryat Gat, was considered as a possible site for an airport in the past, but rejected because of Air Force flight paths.

Bank of Israel Governor Prof. Amir Yaron  credit: Eyal Izhar, Tali Bogdansky BoI keeps rate unchanged, cuts growth forecast again

The Bank of Israel Monetary Committee has kept the interest rate unchanged at 4.5% for the twelfth consecutive time.

Bank of Israel credit: Shutterstock Israel's forex reserves set new record

Israel’s foreign exchange reserves at the end of June 2025 rose to $228.250 billion - a new record - an increase of $4.611 billion from their level at the end of May, the Bank of Israel reports.

Tel Aviv credit: Shutterstock Deutsche Bank: Tel Aviv 8th most expensive city for housing

The city ranks 28th out of 69 of the world's major cities for quality of life, while Israel was ranked second most expensive for cost of living.

Intel plant in Kiryat Gat credit:  Intel In Israel, Intel fires while Nvidia hires

Nvidia is fast on the way to overtaking Intel as Israel's biggest private tech employer but as a manufacturer Intel could still remain much more valuable to Israel's economy.

Bank of Israel Governor Prof. Amir Yaron credit: Oded Karni Leader sees Bank of Israel rate cut on Monday

Leader Capital Markets estimates a 65% chance of an interest rate cut this week, due to the decline in Israel's risk premium and the sharp appreciation of the shekel.

Average wage in Israel credit: Shutterstock Rita Kapitulski Average wage falls for second straight month

The average wage in Israel in May 2025 was NIS 13,428, according to initial estimates by the Central Bureau of Statistics.

Israel Tax Authority residency definition credit: Shutterstock Israelis staying 75-days annually could be liable for tax as residents

The Israel Tax Authority proposes legislation defining residency solely on the number of days spent in the country.

Yali Rothenberg  credit: Cadya Levy Treasury: Iran, Gaza fighting won't widen fiscal deficit

Accountant General Yali Rothenberg says the increase in government spending will be almost completely offset by higher revenue from taxes.

Danny Yardeni  credit: Eyal Izhar Is a BoI interest rate cut on the cards?

Bank Leumi nostro management head Danny Yardeni says the reduction in geopolitical uncertainty makes a cut sooner rather than later a possibility.

Bank of America credit: Shutterstock Tero Vesalainen Bank of America optimistic on Israel

Bank of America sees it likely that the shekel will appreciate as the risk premium decreases, which will help reduce inflationary pressures while GDP accelerates.

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Spokesperson's Office Treasury presents retroactive unpaid leave, grants plan

Israel's Ministry of Finance has been working on several changes to the plan to adjust it to the unexpectedly swift end of the operation.

Tel Aviv's Azrieli Mall  credit: Shutterstock Home Front Command lifts all restrictions

Following Tuesday morning's ceasefire, Israelis will be allowed to return to work and schools can reopen Wednesday morning.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Israel's Treasury unveils unpaid leave and grants plan

The Ministry of Finance's plan for businesses and employees is retroactive from the beginning of the operation against Iran until June 30.

Gat Megiddo  credit: Rami Zarnegar The shekel doesn't lie: Why Israel's capital market is soaring

A major component of Israel's risk premium is disappearing before our eyes, explains Finessa Capital CEO Gat Megiddo.

Bezalel Smotrich credit: Noam Moskowitz, Knesset Spokesperson Treasury empties reserves to finance Iran operation

The operation is estimated to be costing NIS 1 billion a day, and the Finance Ministry is readying to reopen the budget.

Tel Aviv credit: Shutterstock UBS: Israel rises in global wealth rankings

Average wealth per adult in Israel rose 7.8% in real terms in 2024, the Swiss bank reports.

Tel Aviv underground light rail station credit: NTA Home Front Command eases war restrictions

For workplaces, routine activities can be conducted as long as it is possible to reach a protected space in the required time.

Intel plant in Kiryat Gat credit:  Intel Intel could lay off up to 800 Kiryat Gat employees

Intel VP manufacturing Naga Chandrasekaran said the company will cut 15%-20% of its production workforce worldwide, starting July, "Oregon Live" reports.

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