Shekel

Israel's next government faces heavy debt, high defense costs

With estimated war costs of NIS 350b and public debt near 70% of GDP, Israel’s next government must balance surging defense spending with urgent education and labor market reforms.

Bank of Israel Governor Professor Amir Yaron speaks at the Knesset; illustrative.
IDF officers

Finance Ministry report reveals major salary gaps across Israel's security organizations

Money bills

July spending record: Daily average reached NIS 1.771 Billion

 New Israeli Shekel banknotes and coins, illustrative. November 9, 2021

Strong shekel squeezes Israeli high-tech as AI reshapes the industry - opinion


Lahav 433 questions figure close to senior Likud circles over alleged concealment of assets

The investigation was conducted jointly by the Lahav 433 National Economic Crime Unit and the Justice Ministry’s insolvency enforcement unit.

General view of the Lahav 433 police unit headquarters in the city of Lod on August 2, 2026.

Innovation Authority launches NIS 1 billion solution for companies hit by shekel-dollar crisis

The fund aims to provide a financial hand for technology startups and early-stage projects whose runway to operate the company has been hit because of the strong shekel.

Shekel-dollar ilustrative picture.

Israel in the eye of the storm — But the economy tells a different story

The State of Israel sits at the center of the geopolitical turbulence, yet precisely at this juncture many of its macro indicators look better than those of quite a few countries far removed from it.

Matan Shitrit, Chief Economist at Phoenix Financial

Bank of Israel lowers interest rate to 3.5% in response to strong shekel, halt in war with Iran

The Bank of Israel Monetary Committee, headed by Amir Yaron, announced that the national interest rate will be lowered once again to 3.5% as inflation declines and the shekel remains strong.

  New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Israel approves NIS 360m five-year plan to transform Eilat into southern economic and tourism hub

Eilat Mayor Eli Lankri thanked the government for approving the plan, which in his words, "places Eilat in its rightful position within the national priorities."

 Royal Beach Hotel

Inflation and housing prices show continued declines in Israel

Housing prices declined 1.3% over the past year, oil prices fell following the Iran agreement, and the dollar recovered after an early drop.

Israeli real estate – construction site.

Kahan scholarships help Israeli tennis champions dream big

This year marks the 10th anniversary of the Kahan Scholarship Program, which has been supporting outstanding Israeli tennis players since 2016.

KAHAN SCHOLARSHIP recipients Maayan Laron, Amit Vales, Bar Shporen and Re'em Elkayam pose with Israel Tennis & Education Centers executives Eyal Taoz (left) and Yoni Erlich (right).

Israeli families could save hundreds on summer attractions, price check finds

With some 2.6 million students heading into summer break, consumer clubs say early planning and price comparisons can cut the cost of family outings.

Gai Beach Water Park

Amid shekel-dollar crisis: Hi-tech sector gains strength as Israel's main export with 58% in 2025

The trend is driven mainly by the sector's dominance of Software-as-a-Service (SaaS) projects, which export these services overseas and are highly dependent on foreign-currency income.

Evening view of the Tel Aviv skyline. October 26, 2025.

Amdocs to lay off 3,000 employees

The entire technology industry is experiencing aggressive cuts, partly due to the changes brought about by AI.

Amdocs in Raanana