Economy

Mothers Bear Brunt of Israel’s Jobs Crisis

New employment service data reveals that over 60% of job seekers displaced by the war are women, with 40% being mothers of young children. School closures have dramatically worsened women's unemployment.

Power Plant Project Near Beit Shemesh Advances Despite City Opposition

Israel's government moves forward with the 900-megawatt David power station despite municipal resistance, advancing to environmental review after receiving initial approval.

Israeli AI Firm Launches on Tel Aviv Exchange

Odysseyt, an AI-powered monitoring solutions developer, begins trading on the Tel Aviv Stock Exchange this week following a dual listing. Meanwhile, Wix completes major share buyback.

Aid Reaches Northern Communities, But Tensions Flare Over Distribution

Tens of millions of shekels allocated to frontline towns prove insufficient for evacuation, forcing local leaders to choose which residents receive assistance.

War’s Economic Shock: Five Weeks of Global Disruption

A major conflict has shattered pre-war economic assumptions, exposing vulnerabilities in global food supply chains and energy markets with far-reaching consequences.

Markets Brace for Trump’s Iran Deadline

Wall Street closes its first green week since the war began as markets await Trump's Iran ultimatum. U.S. inflation expected to surge, while oil prices spike amid ongoing uncertainty.

Leviathan Gas Field Resumes Operations Amid Regional Pressure

Israel's largest gas reservoir returns to operation following diplomatic pressure from neighboring states and U.S. involvement, while the northern Karish field remains offline.

Bit Payment App Hikes Fees for High-Volume Users

Bit is raising its transaction fee from 0.6% to 0.8% starting May for users receiving over 25,000 shekels annually, affecting roughly 7% of app users.

U.S. Airlines Face 50% Price Surge as United Axes 1,000 Flights

United Airlines CEO warns of $11 billion in annual costs from rising oil prices. Airlines worldwide cancel flights and increase fees to offset fuel expenses.

Bit Payment App Raises Fees for Higher Earners

Bank Hapoalim's Bit payment app is increasing transaction fees from 0.6% to 0.8% for users earning over 25,000 shekels annually, effective May 1.

Turkey Sells Gold, Foreign Reserves to Prop Up Plunging Lira

Turkey has sold roughly a quarter of its foreign currency reserves within a month to prevent the lira's collapse amid war-related economic turmoil and soaring energy prices.

Credit Spending Rises 0.7% Year-over-Year in March

Bank Leumi reports a modest 0.7% increase in credit spending for March 2026 compared to the same month last year, amid ongoing military operations.

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