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Author: David Rutman

Bank of Israel keeps rates steady due to Gaza war uncertainty

February 26, 2024February 26, 2024David Rutman

The Bank of Israel kept interest rates steady on Monday after cutting by a quarter-point in January, citing uncertainty over expected duration of the war in Gaza that will keep the pace of rate reductions this year gradual. In keeping its benchmark rate ILINR=ECI at 4.5%, the central bank said the war was having “significant […]

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Israel’s shekel weakens ahead of rate verdict, Asia stocks fall

February 26, 2024February 26, 2024David Rutman

A gauge on emerging market stocks dipped on Monday as most bourses in Asia took a hit on the first day of the week, while Israel’s shekel was under pressure ahead of its central bank’s monetary policy decision. As of 0921 GMT, MSCI’s gauge for emerging market stocks. MSCIEF dipped 0.4% as stocks in EM […]

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Wizz Air, Ryanair ranked the worst airlines in the world by UK survey

February 25, 2024February 25, 2024David Rutman

Budget airlines Wizz Air and Ryanair are the worst airlines in the world, according to a recent survey published by Which? in the UK. The survey examined over 10,000 flights during the past year and included a number of parameters to measure and compare different airlines around the world. These included punctuality, flight cancellations, legroom, […]

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US heath-tech investors visiting Israel to seek opportunities amid war

February 24, 2024February 24, 2024David Rutman

A group of American health-tech investors with at least $25 billion of investment capital will be in Israel this week to connect with industry members and show their support for the Startup Nation. The privately arranged mission, spearheaded by the chief business officer of a health-tech accelerator in New York together with a local business […]

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Jerusalem real estate: A look at the Yemin Moshe neighborhood

February 23, 2024February 24, 2024David Rutman

In the heart of Jerusalem, where history whispers through cobblestone streets and the future beckons with modernity, lies Yemin Moshe, where past and present intertwine seamlessly. A glimpse into history Yemin Moshe traces its roots back to the early 1890s when the Montefiore Welfare Fund embarked on a visionary project to alleviate overcrowding and unsanitary […]

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Is a start-up boom on the horizon for Israel?

February 23, 2024February 23, 2024David Rutman

Israel could see a “start-up boom” following the Israel-Hamas war, according to Dror Bin, CEO of the Israel Innovation Authority (IIA). “Periods of difficulty are actually very good periods in terms of creating new successful ventures,” Bin told The Jerusalem Post. “Most of the most successful ventures were created during times of downturn.” He said […]

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Paris Bakikar: A taste of Paris in the Middle East

February 23, 2024February 23, 2024David Rutman

The business Stepping into the Paris Bakikar bakery boutique from the bustling streets of Jerusalem is like stepping into another world. Lovely music and French aesthetics complement a wide array of sweet and savory pastries and dishes, bringing a little taste of Paris to the Middle East. Despite a clean and inviting venue and the […]

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Active adult users create majority of TikTok content in US

February 22, 2024February 22, 2024David Rutman

A new study published by the Pew Research Center on Thursday reveals the way in which US adults use TikTok.  Figures show that 98%, of the majority of public content posted on TikTok is created by 25% of users, in fact, a minority of very active adult users. In accordance with these findings, half of […]

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New technology created for seeing through objects

February 22, 2024February 22, 2024David Rutman

Science fiction writers can dream up any advanced technology without having to build anything. Many of them “invented” fantastic devices before they actually came onto the market and into homes and cities.  How about an algorithm that computes highly accurate, full-color, three-dimensional reconstructions of areas behind obstacles – a concept that can not only help […]

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Housing market shift: 2023’s impact on buyers and contractors

February 21, 2024February 22, 2024David Rutman

In 2023, approximately 66,590 apartments (both new and second-hand) changed hands, marking a 35% decline compared to the previous year, as per a report released by the Central Bureau of Statistics. Of these, 42% were new apartments, totaling around 27,930 units, reflecting a 30.7% decrease from 2022. About 6,860 of these new units were sold […]

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