Amir Yaron / Photo: Ronen Zvulun, Reuters, Reuters Bank of Israel leaves rate unchanged, expands QE

In its worst-case scenario, the Bank of Israel Research Department sees Israel's GDP shrinking 6.5% in 2020 and very low growth in 2021.

Hyundai factory  / Photo: Kim Hong-Ji Reuters , Reuters Israel-Korea free trade agreement to stress tech cooperation

The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.

Israel Discount Bank Israel Discount Bank to lay off 620

The employees, representing 7% of the bank's work force, will take voluntary early retirement by the end of 2021.

Air pollution  photo: Reuters Comptroller slams Israel's green energy failure

Targets for power production from renewable resources are not being met, while the Transport Ministry has failed to curb private car use.

Shekel-dollar ASAP Creative Shekel at all-time strongest against currency basket

Prico: The exchange rate is threatening growth in the Israeli economy and encouraging tech companies to look abroad.

Tel Aviv in lockdown  / Photo: Eyal Izhar, Globes Unemployment in Israel doubled last month

In the second half of September the unemployment rate rose to 17.1% nearly double the 9.7% from the first half of the month due to the lockdown, the Central Bureau of Statistics reports.

Building workers in Ashkelon / Photo: Shutterstock S&P Maalot sees steep home price fall by year end

The rating agency sees the downward pressure on prices in Israel as short-term.

Signing of joint declaration of Israel and Bahrain / Photo: Haim Tzach GPO , GPO Israel and Bahrain sign declaration establishing relations

The joint declaration was accompanied by a series of memoranda on economic cooperation.

Plastic bottles  / Photo: Shani Ashkenazi, Globes Israeli gov't to extend deposits to large plastic bottles

Minister of Environmental Protection Gila Gamliel is extending the law to 1.5 liter drink bottles because manufacturers have not met their recycling targets.

Coca Cola environmental campaign / Photo: From Youtube When companies say sorry

When failures happen, long-term reputation counts for more than apologies.

Dizengoff Center Mall in lockdown / Photo: Cadya Levy, Globes Israeli economy shrank at 10.1% in H1 2020

Israel's GDP contracted by 28.7%, on an annualized basis, in the second quarter of 2020, according to the third and revised estimate of the Central Bureau of Statistics.

Dizengoff Center Mall in lockdown / Photo: Cadya Levy, Globes Cabinet approves first lockdown relaxations

Prime Minister Benjamin Netanyahu: We must to be cautious in exiting from this lockdown, to avoid a third one.

Yisrael Katz Photo; ASAP Creative Shutterstock Self-employed can take unemployment pay from pension

Israel's Finance Ministry is allowing the self-employed to withdraw from private pension funds. Insurance Agents Association: It's a disgrace to call savings unemployment pay.

dollars  picture: Thinkstock IVC-ZAG: Record investment in Israeli tech cos in Q3

Israeli tech companies are on course for another record capital raising year in 2020 but seed funding for early stage startups is drying up.

Yair Avidan / Photo: Rami Zarniger , PR Bank of Israel eases another credit restriction

The central bank has lowered the leverage ratio requirement "to allow banking corporations the business flexibility required at this time."

Benjamin Netanyahu and Israel Katz / Photo: Amit Shabi , ידיעות אחרונות Israel's lockdown extended to midnight Sunday

Minister of Finance Israel Katz is pressing for small businesses to be allowed to open.

Mutual funds, finance  phtoto to go IMF sees Israel's economy shrinking 5.9% in 2020

This is an improvement on the IMF's forecast in June of a 6.3% contraction of Israel's GDP this year.

Nili Arad / Photo: Rafi Kotz, Globes Israel gets top marks for combating international bribery

For the second successive year, Transparency International ranks Israel in its highest category for enforcement against bribery of foreign officials.

Israel Katz and Benjamin Netanyahu / Photo: Amit Shabi , ידיעות אחרונות Israel's budget deficit widens to 9.1%

The deficit has widened even though the government has only handed out half of the amount allocated to boosting the business sector because of the crisis.

Israel Katz in the Knesset Finance Committee / Photo: Knesset Spokesperson Adina Walman , דוברות הכנסת Katz: New Treasury chief will be named shortly

Minister of Finance Israel Katz has reacted to the criticism leveled at him over Keren Terner's resignation with a Facebook post.

Keren Terner  / Photo: Sason Tiram Israel Treasury chief Keren Terner quits

After five months as Ministry of Finance director general Terner is leaving following disputes with Israel Katz and the political paralysis on the budget.

Formosal termite Israel declares war as super termites invade

Minister of Environmental Protection Gila Gamliel and Petah Tikva Municipality draw up battle plans. Can Israel eradicate the formidable Formosa subterranean termite?

Benjamin Netanyahu and Benny Gantz / Photo: Knesset Spokesperson Adina Walman , דוברות הכנסת Blue & White v. Likud: Three budget scenarios

With the coalition partners locked in a power struggle, Israel's economy is the loser.

$2 billion unicorns / Design: Globes Six Israeli companies surpass $2b valuation this year

More Israeli tech companies are raising large financing rounds at "double unicorn" valuations. Is a tech bubble forming?

managers  picture: shutterstock The toxic manager

Some managers are toxic most of the time; most managers are toxic some of the time. How to deal with them?

Herzliya Marina  / Photo: Dov Greenblatt, החברה להגנת הטבע Marinas could replace some Israeli beaches

Planning authorities are being asked to approve six new marinas for luxury yachts because of an acute shortage of berths.

Abdulla bin Touq al Marri / Photo: UAE Ministry of Economy "The only question is, why didn't we do this earlier?"

UAE Minister of Economy Abdulla bin Touq al Marri waxes enthusiastic about the possibilities that the peace agreement with Israel opens up.

Erika James  / Photo:  LARA WILLIAMSON  University of Pennsylvania "Innovation comes from diverse populations"

Prof. Erika James, the first woman and person of color to become dean of the Wharton School tells "Globes that diverse cultures and people in an organization breeds innovation.

Bahrain Photo: Shutterstock ASAP Creative Israel's bridge to Saudi Arabia

In some ways, Bahrain holds greater potential than the UAE for Israeli business, but the great prize is the connection to its powerful neighbor.

Annapurna sock factory / Photo: courtesy of the company "Every factory working with us improves performance 20-30%"

The Israel Innovation Authority Advanced Manufacturing Division has the mission of injecting innovation into Israel's traditional industries.

Apollo spacecraft NASA, remote work and social isolation

NASA's experience in overcoming astronauts' sense of isolation holds lessons for managing teams working remotely.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018