ECONOMY

The Consumer Price Index was unchanged in June as home prices fell sharply.

The latest report indicates no pressures, upward or downward, on Israel's credit rating or the rating outlook.

Government support appears to tip the scales when it comes to major investment decisions by semiconductor companies.

“Globes” has learned that the company is laying off 27% of employees at its Israel development center.

The Israeli private equity firm has raised its biggest-ever fund and currently manages assets worth over $11 billion.

Deals with the haredi parties to pass bills on the attorney general and the media in the Knesset's last week leave important economic legislation by the wayside.

MyHeritage currently has 500 employees in Israel, the US and Europe.

Israel’s fiscal deficit in the 12 months to the end of June 2026 narrowed to 3.3% of GDP, from 3.75% at the end of May 2026.

The Recanati family has paid $50 million to increase its stake from 29% to 58%.

Institutions and regulators need a change of mindset to enable Israel to flex its financial muscle for diplomatic gain, argues Lior Prosor.

The Israeli Employment Service says that since 2023, the number of job seekers with five to eight years of experience in the tech sector has risen 138% and insists AI is not to blame.

Speaking to "Globes" after the release of a surprisingly low interest rate forecast, the governor of the Bank of Israel stressed the geopolitical risks.

The Bank of Israel has cut its forecast for inflation in 2026 from 2.2% to 1.8% and sees the interest rate at 3% in 12 months time.

The Ministry of Finance says the law will further incentivize haredi men not to work, and forecasts a 16% rise in direct taxes by 2065 as a result.

This will be the second successive interest rate cut, after the Bank of Israel cut the rate by 0.25% at its most recent meeting in late May, and its fourth cut since November 2025.

A study by the Israel Growth Forum has found that Israeli tech employees are the most expensive in the world due to the strengthening of the shekel.

The IMF sees the fiscal deficit at 5.3% this year, not 4.9% as forecast in the state budget, and that Israel's debt-to-GDP ratio will jump from 70% to 74% within four years due to high defense spending.

The Israel Citizens Fund is now expected to take in $60-75 billion by the time Israel's natural gas reservoirs are empty.

The shekel was riding high in May but has changed direction. "Globes" talks to analysts about the risk assessments and market movements causing the reversal.

The State Comptroller compares the state of the housing loans market to the subprime crisis in the US. Bank of Israel: The report is unprofessional and methodologically wrong.

The veteran cybersecurity company is embarking on its fourth round of layoffs.

Analysts find several factors behind the current weakening of the shekel, after its extraordinary appreciation in May.

Layoffs in Israel's tech sector are gathering pace and are liable to have knock-on effects on support industries, although the general  outcome may not be entirely negative.

Tel Aviv University has risen in the latest QS world rankings from 223 to 208, despite the growing boycott of Israeli academia since the war began in 2023.

The Tel Aviv-based company is laying off 200 of its 500 employees.

600 employees will lose their jobs while an additional 300 employees will be transferred to the US company’s production line in Tefen for jet engine blades.

Israel’s economy shrank by an annualized 3.8% in the first quarter of 2026, according to the second assessment by the Central Bureau of Statistics.

The Consumer Price Index in Israel fell more than expected in May, while home prices were lower.

"The urgent re-opening of the Strait of Hormuz with unconditional and unrestricted freedom of navigation is essential” a joint statement by European leaders says.

Teva had been in talks to sell its active pharmaceutical ingredients activity but a deal never materialized.

Workers are flocking from Intel to Nvidia, but overall the manpower shortage is constraining the growth of Israel's vital technology sector.