Economy


 2 min read

Society
A general view shows the Sheikh Jarrah neighborhood of east Jerusalem on July 26, 2021.

East Jerusalem residents struggle with soaring cost of living

'The economic situation in Jerusalem is very hard'

 2 min read

Economy
A man walks in front of a screen showing rates against Turkish lira near a currency exchange agency in Istanbul, Turkey, on December 16, 2021.

Turkish inflation hits two-decade high of 78.6%

The price of household goods surged by 81.1 percent

 2 min read

Europe
Workers of the Liubotinsky Lyceum of Railway Transport and local residents dismantle the ruins of an administrative building, as result of the explosion of a Russian rocket, in Lyubotyn, Kharkiv region, Ukraine, on June 20, 2022.

EU Investment Bank aims to raise over $100b to help rebuild Ukraine

The proposal suggests that nearly $25 billion in investments could help mobilize over $208 billion

 4 min read

Asia & Pacific
Auto rickshaw drivers queue along a street to buy fuel at a fuel station in Colombo, Sri Lanka, on July 3, 2022.

Sri Lanka grinds to a halt as fuel reserves shrink

Sri Lanka only has 12,774 tons of diesel and 4,061 tons of petrol left in its government reserves

 4 min read

Society
Israelis attend a protest against the high cost of living at Habima Square, in Tel Aviv, February 16, 2022.

Israelis demonstrate against climbing cost of living

The demonstrators rallied against the increasing prices of food, fuel, and housing

 2 min read

Politics
Avi Simhon attends the Eli Horowitz Conference  for Economy and Society, organized by Israel Democracy Institute in Jerusalem, Israel, on June 19, 2017.

Israel: Netanyahu economic advisor launches election campaign, vows to stop rise in prices

Avi Simhon announced plan for lowering real estate prices

 9 min read

Society
Ultra-Orthodox Jewish children seen the first day of school at an ultra-Orthodox school in the Neve Yaakov neighborhood of Jerusalem on August 9, 2021.

Ultra-Orthodox education and Israel’s economic future

Why do politicians like Avigdor Liberman care so much about the ultra-Orthodox?

 7 min read

Economy
Governor of the Bank of Israel Amir Yaron speaks during a press conference in Jerusalem, on April 11, 2022.

Israel's economy ‘in good shape’ amid signs of global downturn

High-tech sector, offshore natural gas among reasons for optimistic outlook compared to other countries

 3 min read

Economy
One hundred rubles banknote is pictured in front of a one US dollar banknote, Gelsenkirchen, Germany, Monday, April 25, 2022.

Russia nears first default in decades as payment deadline expires

Moscow accuses the West of staging 'artificial deault'

 3 min read

Economy
People shop for groceries at the Rami Levy supermarket in Modi'in, Israel, on February 1, 2022.

Israelis more satisfied with economy despite pandemic - survey

Respondents say cost of living is the most concerning social issue

 3 min read

Levant & Turkey
Turkey's President Recep Tayyip Erdogan (R) welcoming Crown Prince of Saudi Arabia Mohammed bin Salman during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022.

Saudi Crown Prince visit to Turkey promises ‘full normalization’ between countries

The trip marks 'a new era' in relations with Ankara

 2 min read

Economy
An elections ballot box at the Knesset, the Israeli parliament in Jerusalem, on December 18, 2019.

Israel: Experts believe elections could cost Israel $840 million

Independent businesses and employers 'are paying for the election costs from their own pockets'

 2 min read

Economy
Bank Leumi (National Bank) in central Jerusalem, December 4, 2014

Israel’s Bank Leumi considers share offering of $578m to meet loan demand

The bank plans to focus on mortgages and credit for businesses

 3 min read

US / Canada
A group of people stand along Lake Michigan as they view Chicago's skyline from Navy Pier, Friday, June 21, 2019

US economy 'has 40% chance of being in recession next year'

'Our worst fears around the Fed have been confirmed'

 2 min read

Economy
A salesman on his phone while selling eggs at an eggstand in the Machane Yehuda Market, Jerusalem, January 27, 2018.

Global inflation crisis ripples through Middle East

Israel and the Middle East not immune to crisis with inflation felt in the region in different ways

 2 min read

Economy
People wearing face masks shop for grocery at the Mahane Yehuda Market in Jerusalem as Israel steps out of coronavirus lockdown and rolls back restrictions, on October 30, 2020.

Israel: Cost of consumer goods up 4.1% in past year

Inflation in Israel is still moderate compared to other countries, such as the US

 3 min read

Levant & Turkey
Scarabeo 9, a Frigstad D90-type semi-submersible drilling rig, passes the Bosphorus Strait en route to the Black Sea in Istanbul, Turkey, on August 29, 2019.

Turkey begins laying Black Sea natural gas pipeline

The Sakarya field is expected to reach its peak production in 2026

 2 min read

Economy
A pedestrian walks past an electronic share price board showing the closing numbers on the Tokyo Stock Exchange (L) and a foreign exchange board showing the yen's rate against the US dollar (R) in Tokyo on June 13, 2022.

Major markets dive on heightened recession fears

Global equities, oil prices and bitcoin plunged Monday

 2 min read

Diplomacy
Israel's Prime Minister Naftali Bennett speaks with Indian Prime Minister Narendra Modi at the COP26 climate conference in Glasgow, Scotland, on November 2, 2021.

Israel and India prepare to resume talks on free trade agreement

Indian delegation arrived to Israel to discuss framework rules

 2 min read

Ukraine - Russia War
Russian oil company Lukoil fuel storage tanks in Brussels, Belgium, on May 13, 2022.

Russia earns $98b from fuel exports in 100 days of Ukraine war - report

China, Germany and Italy named the top importers

 3 min read

Economy
A Palestinian labourer works on a new housing construction site in the Israeli settlement of Har Homa in east Jerusalem, on March 19, 2014

Israeli gov’t aims to restrain rising housing prices

Israel plans to build 280,000 housing units by 2025

 3 min read

Economy
A man ties a Turkish flag to a pole on top of a popular food restaurant in Istanbul, Turkey, on December 20, 2021.

Turkey’s economy liberal, and growth sustainable, says finance minister

'All of our institutions are acting with the understanding of a joint struggle'

 2 min read

Iran & Eastern States
The rial has reached a series of record-lows in recent weeks driven mostly by speculation the US would pull out of the nuclear deal with Iran next month

Iran's currency drops to lowest value ever

Rial was trading at 332,000 to the US dollar on Sunday

 2 min read

US / Canada
The McDonald's logo is seen outside a restaurant in Washington, DC, on July 9, 2019.

Biden warns US inflation could last 'for a while'

As consumer inflation hit a 40-year high