Amidst the ongoing conflict between Israel and Hamas, investors are seeking refuge from market instability in an unexpected place: whiskey barrels. The economic challenges posed by the war have led to a surge in interest among Israelis to invest in this alternative asset. MyWhisky, a company specializing in whiskey investing, has reported a growing interest […]
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Amid the ongoing war between Israel and Hamas, a peculiar financial trend has caught the attention of experts and market observers: the strengthening of the shekel against major currencies. Despite the tumultuous Iron Swords operation in Gaza, the representative shekel-dollar exchange rate unexpectedly fell by 0.47% on Friday to NIS 3.5990/$, reaching its lowest level […]
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As the global economic landscape faced headwinds in 2023, Israeli businesses navigated through a challenging year marked by a slowdown in the tech sector, political unrest, and an unexpected war with Hamas. In light of the country’s current hurdles, Eran Mordechai, CEO of Danal Human Resources at Danel Group, shared his insights on the trajectory […]
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Further escalation in hostilities could result in staggering economic losses amounting to up to NIS 30 billion, according to Reichman University’s Aaron Institute for Economic Policy and MIND Israel. The report highlighted an urgent need for decisive action from policymakers to mitigate the potential fallout. The Aaron Institute’s research delves into two potential conflict scenarios: […]
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The Israeli economy is facing challenges due to ongoing conflicts, leading to a deficit of about 3.4% of the GDP by the end of November – equivalent to a substantial NIS 62.3 billion ($16.8b.), NIS 34b. ($9.1b) since the war began. Despite a modest 0.8% growth in November, projections from the Finance Ministry indicate a […]
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