Minister: Post Office Banks To Turn "Social"Communications Minister Moshe Cachlon says he wants to make Israel's postal banks more "social", to provide service to outlying communities.
Fischer Surprise: 0.25% Interest HikePrime rate is up to 1.0%. The decision comes as surprise to market movers.
Fischer: Israeli Economy Stronger Than Most, Could Be More SoBank of Israel Gov. Stanley Fischer said that Israel's national economy was more resilient than most in facing the current global economic crisis.
Global Crisis Leads to Sale of Jewish Property in JerusalemThe global economic downturn has hit many. In the case of one Jewish man in the US, the result is an ideological crisis that impacts Jerusalem.
Schwarzenegger to Sign Cooperation Treaty with IsraelCalifornia governor is in Israel for Saban Conference, will sign agreement for strategic commercial cooperation with Jewish state.
Ketzaleh Supports Farmers' DemandsMK favors struggle of the agriculturalists of the South for more foreign worker permits, but also wants more Jewish labor.
Do Olim Unwittingly Pay More for Water?MK Levin: immigrants unaware that they need to inform supplier of number of people in the apartment for calculation of their water rate.
IAI Flies High with New Business JetIsrael Aerospace Industries launches a new business jet billed as the most spacious, fastest-flying jet in its category.
Int'l Delegations, Trade Shows and Conferences Flood IsraelIsrael is hosting an array of international delegations, trade shows and conferences this month, drawing global leaders in their respective fields.
Unmatched Israeli Innovation Praised in New BookA new book, 'Start-up Nation: The Story of Israel's Economic Miracle', says "Israel is not just a country, but a comprehensive state of mind."
Poverty Levels Stable for 2008The level of poverty in Israel remained stable in 2009, says annual NII report.
Businessman: Biggest Deal in Israel's History Shows 'Anyone Can'Israeli businessman Ilan Ben Dov completed the largest purchase ever in Israel. Ben Dov bought control of 'Partner,' operator of 'Orange.'
Farmers Demand Foreign Labor, Sales to GazaFarmers clashed with immigration police Monday and demanded foreign laborers. Fruit farmers want increased sales to Gaza.
Israel’s New War: Bank of Israel vs. SpeculatorsIsrael is engaged in a new war as speculators have attacked the shekel-dollar rate, bringing it down to an eight-month low on Tuesday.
High Holidays on a Low BudgetAn American-born, Israeli-trained financial coordinator has some advice for getting through the expensive High Holiday stretch on a tight budget.
Pre-Rosh Hashanah: How to Avoid Fake HoneyAs Israelis make their purchases for the upcoming holidays, authorities warn consumers to avoid fake honey.
Gas Bonanza Investors Ready to Dive in Dead Sea for Black GoldThe Dead Sea is alive with oil, believes Yitzchak Tshuva, who heads the consortium that found billions of dollars of gas in the Mediterranean.
Siemens Invests $15 Million in Negev-Area Solar Power CompanyIn what amounts to the largest foreign investment in Israeli solar energy development, Siemens is investing $15 million in the Arava Power Company.
Radio: L'chayim! The Wonderful Wines of IsraelIsrael's vineyards and wineries are a symbol of the country's growth, fertility, sprouting
Kosher Chickens Can Fly: Israel to Export More Poultry to USIsraeli exports of kosher chickens expected to expand following recent approvals from the US Department of Agriculture.
The Promised Land - 'New Economic Model for United States'European Jews once believed US roads were ’paved with gold’ and Israel was for “refugees.” CBS MarketWatch says Israel now is a model for the US.
Lev Levayev: Investing in US Was a DisasterAmerica is not worth so much anymore. Lev Levayev blames investments in the US for the $400 million loss that caused financial panic in Israel.
Fill’er Up Before Monday Night: Diesel Fuel Cost to SoarAnother hike in taxes will cost drivers of diesel vehicles 50 agorot (13 cents) a liter. The cost of benzene also will rise.
Israel ‘Super Gas’ Field is World’s Largest in 18 MonthsIsrael’s Tamar gas field discovery gets bigger every day. It is estimated to be the world’s largest find in 18 months and is valued at $8 billion.
Egypt to Raise Gas Prices to Israel by 50%The Israel Electric Company is expected to approve an upgrade of its business relationship with Egypt’s gas company – at the expense of Israel’s.
Israel Becomes First to Raise InterestBank of Israel Governor Stanley Fischer announces 0.25% interest hike, making Israel the first to raise interest since global financial crisis hit.
El Al Wins Tel Aviv-Eilat RouteAfter a Civil Aviation Authority rejection, El Al receives a special dispensation from the Transportation Minister to fly commercially to Eilat.
Israel Leads the World Coming Out of RecessionThe Israeli economy grew by 1% annually in the second quarter, one of the first countries in the world to come out of the global recession.
Fischer Resumes Dollar Buying BingeFischer pulled another rabbit out of his hat and performed his favorite trick – buying more dollars to weaken the shekel. How long will it work?
Shekel Flexes Muscles as ‘Obama Dollar’ SinksThe US dollar, eroding under Obama’s spending program, is worth its weight in shekels as the exchange rate reaches it lowest level in a year.
Israeli Firms Outperform Stock MarketIsraeli-based Teva Pharmaceuticals has shrugged off the financial crisis and expects to report record earnings. Other Israeli firms healthy too.
Hareidi Employment Up; Bank of Israel Gov: They Must Work MoreBank of Israel Gov. Fischer: int'l economy showing signs of recovery. He tells hareidi sector: The Sages taught that people must go out to work.
Fischer: Israel One of World’s Safest Places for InvestorsIsrael has been a Rock of Gibraltar in the global crisis. S&P retains its bond rating. Stanley Fischer says Israel is one of the world’s best bets.
Israel’s New Economic Status Worth $1 Billion yahhBad news turns to good: Israel’s projected $2 billion loss for being an “emerging market” may be offset with $3 billion for a “developed market.”
Advertising in the Hareidi WorldHareidi-religious experts in the fields of advertising, marketing and branding hold a conference on “breaking boundaries.”
Blue and White Gas: Israel to be Self-Sufficient for 20 YearsNew estimates of a natural gas field off the Haifa Coast will allow Israel to be self-sufficient in energy for two decades, investors predict.
Tourism Takes from Germany with New Berlin-Tel Aviv RouteGood news for Israel’s tourism industry: Germany’s second largest airline has inaugurated a twice-weekly flight connecting Berlin and Tel Aviv.
Clalit Health Services to Downsize, Close HospitalsClalit Health Services is eliminating 790 jobs and closing two hospitals as part of an agreement signed with the Ministry of Finance last week.
'Run, Hadji, Run' Fireworks Blows Up in WisconsinA Wisconsin, US fireworks retailer is pulling a firework off its shelves after Muslim activists decried the product as "derogatory".
Union Unplugs Traffic Jam, Reaches AccordThe Union of Local Authorities called off a protest that was to clog Jerusalem roads and instead reached an accord with the government.
Fischer: Economy Improving, but Effects of Crisis to WorsenBank of Israel head Stanley Fischer says the worst of the global financial crisis is over, but warns that the practical effects may worsen.
Israeli Firms Bid for Unique ID Card ProjectIsraeli and Indian technology firms in a joint bid for a unique identification card project for the Indian government.
Israel Loan Guarantee Program Re-Approved by USThe United States has re-approved its Israel loan guarantee program of $9 billion over three years. The program was initially launched in 2003.
Investment Houses: Israel the Land of Economic PromiseIsrael is really the Promised Land, according to three international investment houses that see a rosy future for the Zionist economy.
Produce Vendors Warn: ‘Political Death as Sure as Taxes’Produce vendors warned Monday that if the VAT tax on their goods rises by one percent, Prime Minister Netanyahu is as good as dead politically.
AOL Director In Country To Join Israel's 'GarageGeeks'AOL CEO Tim Armstrong arrives in Israel Monday, representing the global Internet services and media company at a 'GarageGeeks' event in Holon.
Philippines, Israel Strengthen TiesPhilippines Tourism Minister Durano is on his first-ever visit to Israel this week, strengthening the existing ties between the two countries.
Israel’s New Economic Status Worth $1 BillionBad news turns to good: Israel’s projected $2 billion loss for being an “emerging market” may be offset with $3 billion for a “developed market.”
Jerusalem's Biomedical Sector a Growth IndustryThe biomedical sector in the capital has grown by 20% in the last three years, and Mayor Barkat plans to raise another 100 million NIS by 2015.
Jerusalem to Begin Massive Investment in Biotech CompaniesJerusalem will invest a whopping NIS 100 million in health and life science companies in a bid to create jobs in Israel's capital.
$2 Billion Decision May Sink ShekelThe MSCI global market agency is expected to announce Israel now is a developed market. The complimentary status may cost the economy $2 billion.