Economy

Arab Spring Quite Costly, Says Arab League Official

The Arab Spring turmoil, besides costing human life, has also cost countries at least $75 billion - and counting

Egypt Hemorrhaging Cash

As clashes between protesters and regime troops continue in central Cairo billions are flowing out of the country amid economic uncertainty

Israel Narrowing Standard of Living Gap with US

Israel’s standard of living now is two-thirds as high as the US, says Stanley Fischer, a far cry from that of only a few years ago.

Stock Market Official: We Have Debt Problems Too

While Israel's economy is still among the West's healthiest, says Professor Shmuel Hauser, problems cloud the horizon.

In 3rd Quarter 2011, Gaza Exports Jump 30%

In the third quarter of 2011, Gaza's exports have increased 30 percent over the same period a year earlier, despite a worldwide crisis.

Israel Booming Despite Economic Downturn

OECD expects Israel to avoid recession and to see continued growth despite a slowdown that should end by mid 2012.

Despite Recession Fears, Govt. Officials Get Fat Raises

The world's economic problems are likely to affect Israel soon, PM Netanyahu says - a day before he and other officials get salary raises.

Bank of Israel's Fischer: Some Slowing in Market

Israeli economy in "relatively good" shape compared to the world's, and especially Europe's, says Bank Governor.

Will Israeli Banks be Taking an 'Italian Haircut?'

Will Israeli banks have to take a "haircut" as a result of the Italian debt crisis?

Analyst: Egypt Falling Apart, Could Go Broke Soon

The Arab Spring has turned Egypt into an economic basket case, says a noted economist, while a top Egyptian politician says Cairo is broke.

Bank of Israel: An Economically Healthy New Year

The Bank of Israel sees a healthy new year for the economy. Inflation to fall. Interest rate steady. Economy to outstrip growth in US.

Netanyahu Receives Interim Conclusions of Competition Committee

Prime Minister Netanyahu receives the interim conclusions of the committee to increase competitiveness in the economy.

Revealed: Education and Income in Israel

Data to be revealed at a Jerusalem conference confirms the strong link between education, employment and income in Israel.

Report: Breaking Deal With Israel Could Cost Egypt $1 Billion

Breaking the Camp David Accords - and the trade deal with the US that came in its wake - could cost Egypt a billion dollars, and 70,000 jobs

Economists: Israel-Turkey Crisis Could be Expensive

While both countries benefit from the economic relations between them, Israel has more to lose in the crisis with Turkey, economists say.

Israelis Unknowingly Buy Thousands of Cars 'Made in Turkey'

Although most people don't know it, many cars sold in Israel are actually “made in Turkey.” Israelis bought thousands this year.

Israeli Inflation Down to 2.5%

As the High Holidays loom large the Bank of Israel lowered its inflation rate forecast to 2.5%, meaning lower indices for consumers.

Israel, Argentina Deal to Complete Mercosur Free Trade Agreement

With an FTA agreement between Israel and Argentina going into effect, Israeli firms will be able to export tax-free to MERCOSUR countries.

Rivlin: World's Economic Woes Passing Us By

Prime Minister meets Knesset Finance Committee in his bureau, avoiding parliamentary ambush.

Israel's New Focus: Exports to India, China over US, EU

Israel's new economic policy puts more emphasis on exports to China, India and South America over the US and EU.

'Social Protests' in Peripheral Cities Saturday Night

Tens of thousands attended Israel's ongoing 'social justice' protests across the country Saturday night; Arab sector joins in.

Chinese Commuters Beat the Ads

A new advertisement allows Shanghai's commuters to decompress on the go with fists of fury instead of throwing Momma from the train.

Fed to Keep Rates "Exceptionally Low"

The US Federal Reserve plans to keep interest rates "exceptionally low" in response to the recent slowdown in the US economic recovery.

Israel's 'A' Credit Rating Rock Solid

Standard & Poor's announced Israel's credit rating will remain untouched with a solid forecast, but its US-backed securities took a hit.

S&P Downgrades US Credit Rating

Standard & Poor’s has downgraded the United States' AAA credit rating after lawmakers fail to 'sufficiently' address debt.

Protest Groups Lay Out Demands: Lower Taxes, More Govt. Help

Groups purporting to represent protesters demanding affordable housing and lower costs of living release their demands

Knesset Debates No Confidence Motions

Opposition discussed no confidence motions as social protest groups begin bickering. PM: "Jabotinsky believed in free market".

Netanyahu Defends Fiscal Reforms; Defense Budget

PM Binyamin Netanyahu defended his fiscal reforms - and the defense budget - as 'social protests' enter doldrums.

Hizbullah Chooses Guns Over Prosperity

Hizbullah says it has declined billions of dollars that could rebuild southern Lebanon in favor of keeping its guns.

Out of Touch? Knesset Gets Clothing Stipend Amidst Fiscal Crunch

Israel's lawmakers will receive a clothing stipend of 4018 NIS in July as committee discusses increasing salaries and pensions.

Aqaba: A Bridge Too Far

Aqaba: A Bridge Too Far

The planned Egyptian-Saudi bridge over the Gulf of Aqaba may be a bridge too far for Israel and Jordan whose ports will be affected.

Wolfensohn: China and India Will Lead the Global Economy by 2050

Former World Bank President at Presidential Conference: India and China will play a significantly larger role in the world economy.