Shekel

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
Israeli real estate – construction site.

Inflation and housing prices show continued declines in Israel

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).

Kahan scholarships help Israeli tennis champions dream big

Gai Beach Water Park

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


Police uncover Rami Levy scandal: Cashiers steal approximately half a million in cash and products

Police in Zichron Yaakov investigated theft by "Rami Levy" cashiers, uncovering a systematic scheme. Over 50 indictments were filed for thefts worth half a million shekels.

 SHOPPERS AT A Rami Levy supermarket in Modi’in last week. Will prices be a priority for voters in November?

Tel Aviv Stock Exchange to align trading week with global bourses

The announcement comes as shares have recovered from the October 7 Hamas attack on Israel that pushed the broad Tel Aviv 125 index.

View of the Tel Aviv Stock Exchange. November 29, 2020.

Israeli woman wins NIS 16 million in lottery, to dedicate Torah scroll to parents

"I was very surprised I won. The form was in my bag for over a week. I had no clue all that time," the winner explained.

 An Illustration of Mega Millions lottery tickets on August 9, 2023.

Your taxes: Paying tax on bitcoin and other virtual currency profits

The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their virtual currency gains.

 Bitcoin

Dairy prices to jump 4.48% from May 1 for price-controlled products

Among product prices impacted, the price of one liter of bagged 3% milk will go from NIS 5.94 to NIS 6.21 and one carton of 1% milk will rise from NIS 6.41 to NIS 6.7.

Milk, with a sign reading 'the milk is limited to 2 cartons per customer,' is seen in a Jerusalem supermarket on March 22, 2023

Israel-Hamas war doubles Israel's debt raising in 2023

The outbreak of the Israel-Hamas war in October led to a doubling of Israel's borrowing in the past year, with the state raising 160 billion shekels in debt.

 Market data is seen on part of an electronic board displayed at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020

The price of the Gaza war: How much will Israelis pay for more soldiers?

The study found that higher economic costs stemmed from reserve duty rather than regular service.

 IDF soldiers operate in the Gaza Strip, March 20, 2024.

Shekel drops as Hezbollah hits North

Israel's uncertain security situation and the threat of war in the north was part of Moody's downgrade of the country's credit rating last month.

 An illustrative image of a graph going down.

Two Israelis win NIS 9 million in latest lottery draw

The draw saw a lottery ticket and a double lottery ticket, both purchased by the couple, winning the first and second prizes.

The winners of Mifal Hapayis' NIS 9 million win is seen with their earnings on January 4, 2024

The shekel is getting stronger, but for the wrong reasons - analysis

The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.

 An illustrative image indicating financial trouble for the Israeli economy.