Local Economy
Back to Homepage
Currency Exchange Rates Against the Shekel on Thursday (January 29)
SadaNews - The exchange rates of currencies against the shekel today, Thursday (January 29), are as follows:
Knesset Approves 2026 Budget in First Reading
SadaNews - The Knesset's plenum has approved the state budget bill for 2026 in the first reading, in a move aimed at temporarily maintaining the cohesion of the government coalition, despite ongoing disputes over the law exempting Haredim from military service.
The approval came with a majority of...
Smotrich Calls on Bank of Israel to Rapidly Lower Interest Rates
SadaNews Economy Translation - Israeli Finance Minister Bezalel Smotrich called on Wednesday evening the Governor of the Bank of Israel to significantly and quickly lower interest rates.
Smotrich stated at a press conference before the budget presentation in the Knesset, as translated by the SadaNe...
Palestine Stock Exchange: 15 Companies Traded Today with Low Trading Levels
SadaNews - The Palestine Stock Exchange announced that today’s session saw trades amounting to $173,201, while the total volume of shares traded reached 91,320 shares. The market today experienced 56 transactions, with 30% of the liquidity concentrated in trades for Palestine Development and Investm...
Palestinian Contractors Union Issues a Set of Decisions to Regulate the Work of Member Con...
SadaNews - The Palestinian Contractors Union has issued a set of decisions to regulate the work of member contracting companies in light of the "unjust" practices that have begun to be imposed on these companies in many contracts. The union stated in a statement today, "In light of th...
Riyadh Yes... Tel Aviv No: A Surprising Decision from Dutch Airline KLM
SadaNews - The Dutch airline KLM announced the suspension of its flights to Tel Aviv, just 24 hours after announcing the resumption of its air route between Israel and Amsterdam, in a move described as surprising, according to SadaNews Economy's translation of a report published in the Globes econom...
Nearly 70,000 Israelis Left the Country in 2024... How Many Returned?
SadaNews - According to data issued by the Israeli Central Bureau of Statistics, approximately 70,000 Israelis left "Israel" during the year 2024, while only about 18,800 Israelis returned from abroad, indicating a net negative migration estimated at around 18,600 people, according to a Hebrew repor...
Bank of Israel Governor to Government: The Strength of the Shekel is Your Responsibility.....
SadaNews Economics - The Governor of the Bank of Israel, Professor Amir Yaron, confirmed during a session of the Knesset Finance Committee today (Wednesday) that the Israeli government bears full responsibility for addressing the repercussions of the shekel's rising value on exporters. He clarified...
Currency Exchange Rates Against the Shekel on Wednesday (January 28)
SadaNews - The currency exchange rates against the shekel on Wednesday (January 28) are as follows:
Hebrew Economic Newspapers Reveal Reasons for Dollar Weakness Against Shekel Strength Rise
Translation of SadaNews Economics - Hebrew media reports indicated on Tuesday evening that the Israeli shekel continues to rise against the dollar, which has fallen to its lowest level in four years on the local market.
According to the Hebrew economic newspaper Calcalist, as translated by SadaNews...
Dutch Airline KLM Announces Resumption of Flights to "Israel" in an Exceptional Operating...
SadaNews - The Dutch airline KLM has announced the resumption of its flights to "Israel" starting from January 28, after suspending them last week. However, the flights will operate under an unusual format that includes a temporary stop in Cyprus, due to the prevailing security situation i...
Deal Between the Israeli Ministry of Defense and Elbit Systems for Purchasing Ammunition W...
SadaNews - The "Security Purchases Directorate" at the Israeli Ministry of Defense has concluded a deal to purchase aerial ammunition manufactured by "Elbit Systems" for 570 million shekels.
This deal is part of the policy established by the former Director General of the Ministry of Defense and cu...