Newsroom
Al-Shams
Al-Shams is a arabic radio & news outlet. We translate its reports into English and compare them with 43 other newsrooms.
Group in the coverage barArab pressIts own lean is not rated on the left, centre and right scale.
Language and baseArabic · Nazareth
The last 30 days
1,283reports translated
53%first to report
244 mintypical time behind the first report
26%carry a named author
0%opinion and analysis
Why not a score? These are rates we can recompute. A single number would hide whether a newsroom is slow, unnamed, or mostly reprints. How we measure
How Al-Shams writes
Al-Shams's tone this month is neutral, close to the rest of the Arab press. On the police, Netanyahu, the United States, the Palestinian Authority and Ben-Gvir its wording is in step with the other newsrooms.
From 1,283 reports this month, judged without the newsroom's name. How this is measuredOnly Al-Shams had it
Settler Groups Provoke Kafr Manda Residents with Chants and PrayersPolitics · 15m agoNetanyahu Urges Supporters to Vote Amid Claims of Election TheftPolitics · 31m agoArmed Right-Wing Groups Seen Near Polling Stations in AcrePolitics · 39m agoBig stories Al-Shams skipped
Gun Theft at Givat Shmuel School Sparks Parental PanicCovered by 23 newsroomsIsrael Votes After Four Years; Turnout Reaches 16.68%Covered by 18 newsroomsEgyptian Border Crosser Claims Intent to Kill JewsCovered by 16 newsroomsLatest from Al-Shams
Economy · 3h agoPotential Price Hikes for Fuel, Electricity, and Water Post-ElectionFollowing Israeli elections, potential price increases are anticipated for fuel, public transport, electricity, and water. Temporary tax cuts on gasoline are ending, possibly raising prices in November, while public transport fares may rise by about 4% in 2027. Electricity and water tariffs could increase by 1.5%-5% respectively, with official decisions expected by December. These hikes could lead to broader price increases for goods and services.Economy · 9h agoDollar Falls Against Shekel as Other Currencies Also DeclineThe U.S. dollar declined to 3.0732 shekels on Tuesday, with the Bank of Israel's representative rate set at 3.078 shekels, a 1.093% drop. All major currencies, including the Euro, Pound, and Egyptian Pound, also fell against the shekel on October 26. Banks and exchange offices will set their own rates, and the next official rate is anticipated later today.Economy · 1d agoCrypto Currencies Not a Solution to Sanctions, Israel's Central Bank WarnsAccountant Majd Karam explained that cryptocurrencies are not a viable solution for Israel to circumvent potential economic sanctions, a view echoed by the Bank of Israel. Prime Minister Benjamin Netanyahu's suggestion to use digital assets for this purpose was met with objections from the central bank, which stressed maintaining international economic ties. Karam highlighted the regulatory traceability of blockchain and the broader economic dependencies that crypto cannot replace. The debate centers on whether Israel should prepare for sanctions or focus on preventing them, with Netanyahu's proposal facing significant pushback.Economy · 1d agoIsraeli Stock Market Trends Around Elections: A Data AnalysisAn analysis of Israeli elections since 2003 shows the Tel Aviv 125 index typically declines before indecisive elections and experiences a smaller drop before those leading to stable governments. While the market averaged a 16.4% return in the year after elections, this is influenced by global trends and other economic factors beyond politics. Investors monitor government formation speed, budget approval, and economic policies, especially amid war-related financial pressures.Economy · 1d agoWest Bank Construction Costs Dip Slightly as Wages RiseConstruction costs for residential buildings in the West Bank slightly decreased by 0.02% in September due to lower equipment and material prices, but labor costs rose. The "bare shell" construction index increased, while non-residential building costs remained stable. Infrastructure projects showed mixed results. The report emphasizes that the index reflects component price changes, not final house prices, and advises comparing contractor quotes for budgeting.Economy · 1d agoPalestinian Trade Deficit Nears $560 Million as 96% of Exports Go to IsraelThe Palestinian trade deficit reached $559.6 million in August, driven by a 19% increase in imports to $776.6 million against a 23% rise in exports to $217 million. Ninety-six percent of Palestinian exports went to Israel, while 62% of imports originated from there. The Central Bureau of Statistics released the preliminary data, emphasizing the significant concentration of Palestinian trade with Israel.Economy · 1d agoIsrael's Private Electricity Market Sees First MergerSuper Power has acquired Pazgaz Energy's residential electricity supply business in Israel's first private electricity market merger, expected to add 130 million shekels annually to revenue. The deal, valued at 23-25 million shekels, consolidates the market to six companies, with Super Power offering a 6.5% discount. Despite challenges in profitability for private suppliers, the merger is seen as beneficial for consumers, and further consolidation is anticipated.Economy · 1d agoDollar Rises Against Shekel to 3.12 on Monday TradingThe U.S. dollar climbed to 3.1168 shekels on Monday, a 0.56% increase from its previous market value. This compares to the Bank of Israel's representative rate of 3.112 shekels, last fixed on October 23, 2026. The bank also published representative rates for other currencies including the Euro, Pound, and Dinar. The Bank of Israel is scheduled to issue its next representative rate later on Monday.Economy · 1d agoArab Communities Face Major Funding Gap for Industrial ZonesA report by the Equality Center found a 2.55 billion shekel funding gap for industrial zones in Arab communities, with only 15% of estimated needs covered by government allocations. Budget implementation has been inconsistent, and data for recent years is largely unavailable, hindering progress assessment. The center called for increased funding and transparent reporting to address economic disparities and support development in Arab towns.Economy · 2d ago · also in 3 newsroomsBen Gurion Airport Resumes International Flights, Adds New RoutesBen Gurion Airport will see a significant increase in air traffic starting October 25, with the return of international airlines and new routes. British Airways and Iberia Express will resume flights to London and Madrid, respectively, while El Al restarts its Tel Aviv-San Francisco service. Air Haifa is launching a new domestic route between Tel Aviv and Eilat, and United Airlines will resume flights to Chicago and Washington D.C. These changes reflect the airlines' adjustments for the winter season and evolving travel conditions.Economy · 2d agoTel Aviv-New York Flights See 25% Price Drop Amid Increased CompetitionAirfare between Tel Aviv and New York dropped by about 25% in late October 2026 due to increased competition from airlines. Average prices in November were around $1,223, with Israir offering the lowest at $1,135. The report suggests seasonal demand and currency exchange rates also influenced prices. Actual ticket costs vary based on multiple factors.Economy · 2d agoIsrael Considers New Taxes to Boost State Revenue Amid War CostsIsrael's Ministry of Finance is considering new taxes to increase state revenue due to rising war-related expenses and public debt. Proposed changes could affect employee income, family tax benefits, the tech sector, and pensions. Discussions include a potential 30% tax on some stock options and a "Netflix tax" on foreign digital services. The final reforms will depend on government decisions and face potential opposition.Economy · 2d agoNetanyahu's Economic Strategy Risks Israel's Financial Stability, Analysts WarnAn Israeli economic analysis warns Prime Minister Benjamin Netanyahu's plan to create an "evasive economy" to counter potential international banking sanctions could destabilize the country's financial foundations. The strategy, which includes exploring cryptocurrencies, has drawn criticism from economists and tech leaders who fear it jeopardizes Israel's integration into global markets. The analysis highlights that Israel's economic resilience relies on its connection to the Western financial system, and alternative economic models could lead to capital flight, reduced investment, and job losses.Economy · 3d agoDollar Falls Slightly in Market, Rises in Official Bank of Israel FixThe U.S. dollar closed at 3.1051 shekels in the market on Friday, October 23, 2026, down 0.17%, while the Bank of Israel's official rate was 3.112 shekels, up 0.161%. All eight major currencies tracked rose against the shekel in the official fix, led by the Egyptian pound. Banks and exchange offices will set their own rates, differing from both market and official figures.Economy · 4d agoDollar Rises Against Shekel; Most Major Currencies GainThe US dollar closed at 3.1121 shekels on Thursday, October 22, 2026, a slight increase from the Bank of Israel's official rate of 3.107 shekels. Seven out of eight major currencies, including the Euro and British Pound, also saw gains against the shekel. The Japanese Yen experienced the largest rise, while the Egyptian Pound was the only currency to depreciate. Banks and exchange offices will set their own rates based on these figures.Economy · 5d ago · also in 17 newsroomsIsrael's Interest Rate Hold Linked to Elections, Global PressuresAccountant Majd Karam stated that the Bank of Israel held its interest rate at 3.25% due to upcoming elections and global economic pressures, delaying expected rate cuts. Rising energy prices and bond yields are limiting the bank's maneuverability, while international monetary policies affect its decisions. Major tech companies, including Nvidia, significantly impact Israel's economic growth forecasts, raising concerns about the sustainability of tech-driven expansion.Economy · 5d agoDollar Edges Up in Market Trading, Down Slightly in Bank of Israel FixThe U.S. dollar traded at 3.0926 shekels in the market on October 21, 2026, a slight increase, while the Bank of Israel's official rate for the day was 3.091 shekels, a decrease. This difference highlights the daily fluctuations in market trading versus the single daily official fixing. All major currencies listed also saw declines against the shekel in the official fixing, with the Jordanian dinar and U.S. dollar falling the most.Economy · 6d agoDollar Weakens Slightly Against Israeli Shekel; Other Currencies Also DeclineThe US dollar closed at 3.0897 shekels in the foreign exchange market on Tuesday, October 20, 2026, while the Bank of Israel's official rate was 3.106 shekels. Most major currencies, including the euro and British pound, also declined against the shekel. The Egyptian pound saw the largest drop, while the Canadian dollar was the only currency to gain. Official rates are not issued on weekends or holidays.Economy · 7d agoEconomist Doubts Plan to Abolish 200 Shekel Note, Warns of Increased PovertyEconomist Omar Fandi of the Arab Economic Forum questions the effectiveness of abolishing the 200 shekel banknote, suggesting it won't stop crime and could increase poverty. He argues the move aims to boost tax revenue without addressing the fiscal deficit or spending priorities. Fandi warns that eliminating the note could disproportionately harm the estimated 900,000 Israelis without bank accounts and complicate issues for Palestinian banks. He advocates for reviewing government spending and implementing policies that encourage economic integration instead of increasing the tax burden on citizens and businesses.Economy · 7d agoGlobal Oil Prices Near $111, Fuel Prices in Israel Face UncertaintyGlobal oil prices climbed Tuesday, with Brent crude hitting $111.05 per barrel amid Middle East supply fears, though U.S. easing of Russian export limits offered some relief. In Israel, the current 7.77 shekel gasoline price is set to expire on October 31st, potentially raising it to 8.27 shekels without an extension. November fuel prices will depend on this tax decision, global markets, and the dollar exchange rate.Economy · 7d ago · also in 18 newsroomsIsrael Considers Removing 200 Shekel Note to Combat Tax EvasionIsrael's Tax Authority has proposed eliminating the 200 shekel banknote to combat tax evasion and the black market, potentially boosting state revenue by billions. However, the Bank of Israel holds exclusive authority over currency and has raised legal and professional objections. Accountant General Maged Karam stated that the proposal faces significant hurdles and is unlikely to be implemented soon, requiring consensus between the two institutions. Other economic reforms are also being considered to increase state revenue.Economy · 7d agoDollar Falls Slightly in Market Trading, While Bank of Israel Sets Higher Official RateThe U.S. dollar traded at 3.0985 shekels in the market on October 19, 2026, a slight decrease, while the Bank of Israel's official rate for the same day was set higher at 3.11 shekels. Most other major currencies also saw their representative rates increase against the shekel. The Canadian dollar experienced the largest gain, while the Egyptian pound was the only currency to fall. Banks and exchange offices will set their own rates above these figures.Economy · 8d agoIsraeli Vehicle Mileage Surges 66% in 20 Years, Road Network LagsVehicle mileage in Israel rose 66% between 2005 and 2025, far outpacing a 43% increase in road length, according to the Central Bureau of Statistics. Private cars dominate travel, covering over 80% of distances, while electric vehicles, though a small fraction of the fleet, travel more. The growing gap between vehicle numbers and infrastructure is seen as a key factor in traffic congestion, impacting commute times and productivity.Economy · 8d agoPalestinian Wholesale Prices Surge Over 16% in Q3Palestinian wholesale prices rose by 16.39% in the third quarter compared to the second, driven by a 20.17% increase in imported goods. Grains and seeds saw the largest jump at 48.19%. While this could increase costs for traders and eventually consumers, final retail prices are also affected by other factors like transport and profit margins.Economy · 8d agoIsraeli Economists Warn Potential EU Sanctions Could Raise Cost of LivingAn Israeli economic forum warned on October 18, 2026, that potential European sanctions over West Bank settlement expansion and settler violence could harm the economy and raise living costs. The signatories cited increased business risks and potential international financial decoupling. These warnings follow a September 8 announcement by Britain and other nations regarding restrictions on goods from settlements, though the full impact remains uncertain and dependent on the scope of future measures.Economy · 8d agoDollar Falls Against Shekel in Market TradingThe US dollar declined to 3.0987 shekels in market trading, a 0.41% drop from its previous close. The Bank of Israel's official rate for October 16, 2026, was 3.089 shekels, down 0.451%. Market rates fluctuate daily, while the official rate is set once a day. Other currency rates against the shekel were also provided, with varying daily changes.Economy · 9d ago · also in 3 newsroomsZara Ends Free Delivery in Israel, Even for Large OrdersFashion retailer Zara has eliminated free home delivery in Israel, implementing a 14.90 shekel fee for standard shipping on all orders, even those over 199 shekels. This policy affects six Inditex brands and comes as Zara reduces its physical footprint in Israel with store closures. Customers can still avoid delivery charges by choosing free in-store pickup.Economy · 10d agoDollar Edges Up in Market Trading, Down in Official Bank of Israel FixThe U.S. dollar closed at 3.1117 shekels in market trading on Friday, October 16, 2026, up 0.52%, while the Bank of Israel's official rate for the day was 3.089 shekels, down 0.451%. Most other major currencies also saw declines against the shekel in the official fix, except for the Swiss Franc and British Pound. Banks and exchange bureaus will set their own rates based on these figures. The Bank of Israel will issue its next official rate on the next business day.Economy · 11d agoDollar Falls Slightly in Market Trading, Official Rate Shows RiseThe US dollar closed Thursday at 3.0951 shekels in market trading, down 0.02%, while the Bank of Israel's official rate for October 15, 2026, was 3.103 shekels, up 0.911%. Most major currencies rose against the shekel in the official fixing, led by the Japanese Yen. Banks and exchange offices set their own rates, and official fixings are not issued on weekends or holidays.Economy · 12d agoDollar Strengthens Against Shekel in Official and Market RatesThe US dollar closed at 3.1003 shekels on Wednesday evening, a slight increase from the previous day. The Bank of Israel's official representative rate for the same day was 3.075 shekels. Most major currencies, including the Euro and British Pound, also saw gains against the shekel, while the Egyptian Pound depreciated. Banks and exchange offices will set their own rates based on these figures.Economy · 13d ago · also in 2 newsroomsIsraelis Place Billions in Low-Interest Savings AccountsAround 43% of funds moved to Israeli bank deposits in September, totaling 14 billion shekels, were placed in short-term accounts earning an average of 1.36% interest. Daily deposits attracted 6.3 billion shekels at less than 0.7% interest, potentially losing value to inflation. Longer-term deposits and money market funds offer significantly higher returns, prompting a call for savers to compare options carefully.Economy · 13d agoIsraeli Economy Shows Resilience Amid War, Tech Sector Leads GrowthIsrael's economy has shown resilience amid war, with the high-tech sector driving growth and foreign investment reaching record levels. Accountant Maged Karam reported that GDP is projected to grow around 3% in 2025, surpassing many major economies. However, the war incurs significant costs, estimated at 350 billion shekels, and rising living expenses are eroding citizens' purchasing power. A recent survey indicates that the economy and cost of living are primary concerns for both Jewish and Arab voters in Israel.Economy · 13d agoPalestinian Banks Face Crisis With Over 15 Billion Shekels StuckPalestinian banks are facing a severe liquidity crisis with over 15 billion shekels in cash unable to be returned to Israel, according to the Governor of the Palestinian Monetary Authority, Governor of the Palestinian Monetary Authority. This cash buildup strains operations and impacts trade and payments, exacerbated by issues with correspondent banking relationships. While banks remain solvent, the ongoing restrictions and reliance on temporary arrangements pose significant risks to the Palestinian economy, with a permanent solution urgently needed before the current extension expires.Economy · 13d agoElectric Car Savings Diminished by High Public Charging CostsElectric car savings are being reduced by high public charging costs, with rapid charging being up to 3.5 times more expensive than home charging. A Knesset research report indicates that frequent use of public fast chargers can significantly diminish expected savings. Infrastructure challenges persist, as three companies dominate nearly 60% of charging stations, and many users find rapid chargers insufficient. The overall economic benefit of electric vehicles now depends heavily on individual charging habits and access to affordable charging options.Economy · 13d ago · also in 1 newsroomDollar Falls Against Shekel; Other Currencies DeclineThe Bank of Israel's representative exchange rate for the U.S. dollar fell to 3.074 shekels on Tuesday, October 13, 2026. Most other major currencies also declined against the shekel, with the Egyptian pound experiencing the largest drop, while the Japanese yen rose. Market rates for the dollar showed a slight increase. Banks and exchange offices will use their own rates, which may differ from the official figures.Economy · 13d agoAI's Impact Shifts University Enrollment Away From TechStudent enrollment in higher education is shifting away from technology and engineering towards social sciences, law, and education. A report by "Wasla" shows engineering student numbers declining while social sciences have surpassed them. Computer science fields have also seen a significant drop in enrollment. This trend is attributed to concerns about AI's impact on high-tech jobs and a desire for more stable professions like medicine and teaching.Economy · 14d agoBank of Israel Interest Rate Decision Looms, Affecting Mortgage PaymentsThe Bank of Israel is set to announce its next interest rate decision on October 21, potentially impacting mortgage payments for thousands of families. The central bank previously cut rates to 3.25% on September 1. The effect on borrowers will vary based on their loan type, terms, and remaining balance. Experts recommend reviewing loan details and comparing offers before making financial decisions.Economy · 14d ago · also in 1 newsroomDollar Surges Against Shekel to Official Rate of 3.078The Bank of Israel's representative U.S. dollar exchange rate increased by 0.753% to 3.078 shekels on Monday, October 12, 2026. Market rates also saw a slight rise. Several other major currencies, including the Euro, British Pound, and Jordanian Dinar, also appreciated against the shekel. Banks and exchange offices will set their own rates based on these figures.Economy · 15d agoIsrael Consumer Price Index Data Due Thursday Amid Cost of Living ConcernsIsrael's Central Bureau of Statistics will release the September consumer price index on Thursday, October 15, with consumers watching for changes in inflation. The index tracks price changes in goods and services like food and housing, influencing Bank of Israel monetary policy. August saw a 0.7% monthly CPI increase and 1.5% annual inflation, with September's data crucial for trend assessment.Economy · 15d agoWorld Bank Chief Warns of Rising Food Costs Due to Diesel, Fertilizer PricesWorld Bank President Ajay Banga stated the bank is in talks with 30-40 nations regarding aid for energy shocks and price increases related to the Middle East war. Rising diesel and fertilizer costs, along with El Niño, are pressuring developing countries. The bank has a $25 billion crisis fund and could mobilize up to $100 billion if needed. The impact on consumers depends on various economic factors, and local price monitoring is necessary to determine the actual effect in the Palestinian territories.Economy · 15d ago · also in 21 newsroomsIsraeli Consumer Basket Prices Soar 20% Over Four YearsA study from Tel Aviv University found that the price of a basket of 80 products rose by nearly 20% between September 2022 and August 2026. This price increase accelerated significantly compared to the previous four years. Specific items like chocolate bars and cheese borekas saw much larger price jumps. The cumulative effect of these rising costs can impact household budgets for essential expenses.Economy · 15d ago · also in 1 newsroomDollar Exchange Rate Rises Against Shekel on Monday MorningThe dollar's market exchange rate climbed to 3.0648 shekels on Monday, October 12, 2026, a 0.15% increase from its previous close. This contrasts with the Bank of Israel's representative rate of 3.055 shekels, last fixed on October 9. The article also details the representative rates for other major currencies as of October 9, noting daily percentage changes for each.Economy · 16d agoHousing Costs Consume 36% of Israeli Household Income, OECD Report FindsA May 2026 OECD report reveals that housing costs consumed 36% of Israeli household spending in 2015, with essential goods prices outpacing inflation. While median disposable income rose 45% between 2001 and 2021, significant disparities persist among population groups. Families in the lowest income bracket spend significantly more than they earn, and savings rates vary widely, particularly between Arab citizens and non-Haredi Jews.Economy · 16d agoUsed Car Purchase Costs Extend Beyond Sticker PriceThe cost of buying a used car in Israel is significantly higher than its sticker price, with prices for used private cars increasing by 3.2% in one year. Key additional expenses include ownership fees, insurance, licensing, fuel, maintenance, and a crucial emergency fund for unexpected repairs. Prospective buyers are advised to conduct thorough independent inspections and compare all potential costs against their income to make informed financial decisions.Economy · 16d agoIsrael Considers Tax Breaks to Retain Tech CompaniesIsrael's Ministry of Finance is exploring a tax exemption modeled on U.S. QSBS to prevent tech companies from leaving the country. The proposed relief for capital gains on stock sales could reach 45 million shekels. This initiative aims to retain startups and talent amid global competition. Final details and implementation timelines are still pending.Economy · 17d agoDollar Falls Against Shekel to 3.055 in Bank of Israel Representative RateThe Bank of Israel's representative exchange rate for the U.S. dollar fell to 3.055 shekels on Friday, October 9, 2026, a 0.94% decrease. The market rate closed slightly higher at 3.0606 shekels. All eight tracked currencies, including the Euro and British Pound, also declined against the shekel. The next official rate will be released on Sunday.Economy · 18d ago · also in 1 newsroomDollar Exchange Rate Fluctuates Against Shekel on October 8, 2026On October 8, 2026, the Bank of Israel's representative dollar rate rose to 3.084 shekels, while the market rate closed lower at 3.0576 shekels. Eight major currencies, including the Euro and British Pound, also strengthened against the shekel. Banks and exchange offices will use their own rates, differing from the official figures. The representative rate is not published on weekends or holidays.Economy · 19d agoCard Payment Fees Rise, Potentially Impacting Consumer PricesBusinesses are facing increased costs due to new fees for card payment services, with some charges rising significantly. A business using a typical setup saw its monthly costs increase by 15%, and this is expected to rise further in January. While consumers won't see direct charges, businesses may pass on these higher operational expenses through increased prices for goods and services. The full impact of the fee changes will be phased in by 2027.Economy · 19d ago · also in 1 newsroomHaifa Port Freight Train Service Halted for 6 Weeks Amid Repair DisputeFreight train services at Haifa Port have been suspended for six weeks due to a track defect and a dispute between the port authority and Israel Railways over repair responsibility. The halt has shifted cargo to trucks, doubling costs and increasing road congestion. The estimated repair cost is 2.8 million shekels, with repairs taking up to four weeks. Both the port and the Ministry of Transport are seeking a swift resolution to resume services.Economy · 19d agoIsraeli Tech Firm BridgeWise Considers Tel Aviv Stock Exchange ListingFinancial analytics firm BridgeWise is exploring a listing on the Tel Aviv Stock Exchange, a rare move for a venture-backed tech company. Founded in 2019, the company has raised $35 million and has global offices, including in Tel Aviv. The potential listing could allow for an earlier public offering than pursuing a U.S. market entry, and tests investor interest in TASE's tech sector.Economy · 19d ago · also in 1 newsroomDollar Surges Against Shekel to 3.074 in Bank of Israel Representative RateThe Bank of Israel's representative exchange rate for the U.S. dollar increased by 0.688% to 3.074 shekels on Wednesday, October 7, 2026. This official rate is set daily, differing from the fluctuating market rate. Several other major currencies also saw their values rise against the shekel, with the Canadian Dollar experiencing the most significant gain. Banks and exchange bureaus will use these rates as a basis for their own customer-facing prices.Economy · 19d ago · also in 3 newsroomsTel Aviv Stock Exchange Drops 2.4% Amid Global Market DownturnThe Tel Aviv Stock Exchange fell 2.4% on Wednesday, influenced by global market declines and rising bond yields. The insurance sector and chip company stocks experienced sharp drops, with NextVision losing over 22% in two days after Fidelity sold a major stake. Experts attribute the Israeli market's downturn to broader global negative trends, noting its severity locally.Economy · 20d ago · also in 2 newsroomsOver 500,000 Customers Leave Israel Electric Corporation for Private SuppliersOver 500,000 customers have switched from Israel Electric Corporation to private suppliers since market reforms began, representing more than two million people. In September, 23,286 customers applied to switch, with savings ranging from 7% to 20%. The transition period has been shortened to seven days, and new capacity has been added to the market, though the IEC still manages the grid.Economy · 20d agoG7 to Release 100 Million Barrels of Diesel and Oil Amid Supply DisruptionsThe G7 nations agreed to release up to 100 million barrels of diesel and oil to combat rising prices and supply disruptions. The International Energy Agency will discuss implementation details this week. Diesel's critical role in the global economy means price hikes could impact goods and services. In Israel, fuel prices recently dropped due to tax cuts, but future prices remain uncertain.Economy · 20d ago · also in 1 newsroomPalestinian Economy Faces Serious Risks from Temporary Banking Ties with IsraelPalestinian Monetary Authority Governor Yahya Sannar warned of "serious risks" to the Palestinian economy due to temporary banking relations with Israeli banks. He met with EU Representative Andreas Wiedler in Ramallah to discuss these issues. While Israel's central bank will extend arrangements until the end of 2026, Sannar stated this is not a permanent solution, highlighting fears over future disruptions to vital financial transactions.Economy · 20d ago · also in 4 newsroomsTel Aviv Municipality Collects Over Half a Billion Shekels from Traffic ViolationsThe Tel Aviv municipality has collected over 573 million shekels from approximately 2.54 million traffic and parking violations between early 2024 and mid-2026. Violations in public transport lanes, though fewer, generated 44% of the total revenue. Around 37% of filed appeals resulted in violation cancellations. While general parking violations decreased, offenses like double parking and those in transit lanes saw significant increases.Economy · 20d ago · also in 1 newsroomDollar Trades Near 3.05 Shekels as Official Rate Edges DownThe U.S. dollar closed Tuesday at 3.0515 shekels, while the Bank of Israel's representative rate for the day was 3.053 shekels, down 0.196%. Other currency rates released by the Bank of Israel included the euro at 3.4323 shekels and the British pound at 4.0441 shekels. Banks and exchange offices will apply their own rates above these figures. The next official rate will be published on the next business day.Economy · 21d ago · also in 8 newsroomsIsraeli Spending Surges in September Driven by Holidays and Online ShoppingIsraeli consumers spent approximately 53 billion shekels in September, a rise driven by holiday spending and a 5.5% increase in online purchases. Average daily spending exceeded 1.7 billion shekels for the fourth month, with significant boosts in entertainment, travel, and dining. While physical store spending saw a slight increase year-over-year, cash withdrawals and daily spending in brick-and-mortar locations declined.Economy · 21d agoUS Interest Rate Hike Expectations Drop, Impacting Market DecisionsLocal currency markets remain stable as expectations for a US interest rate hike have sharply declined from 70% to 20% for the upcoming meeting. Accountant Majd Karam explained that weak consumer demand is preventing companies from fully passing on rising supply chain costs to consumers. Market uncertainty, fueled by upcoming Israeli and US elections, is causing investors to postpone decisions. The Tel Aviv Stock Exchange opened positively, influenced by Wall Street's performance.Economy · 21d agoDollar Falls Against Shekel to 3.05 on Tuesday MorningThe U.S. dollar fell against the Israeli shekel on Tuesday morning, October 6, 2026, to 3.0526 shekels. The Bank of Israel's representative rate for the previous day was 3.059 shekels.Economy · 21d agoIsrael Tourism Plummets 78% in First Half of 2026Israel's tourism sector saw a 78% drop in tourist numbers in the first half of 2026 compared to 2023. While foreign credit card spending declined less sharply, sectors like hotels and restaurants experienced significant losses, highlighting the ongoing economic challenges for the industry.Economy · 21d agoBank Crises Linked to Real Estate Downturns, Israeli Market Shows WeaknessInternational studies link banking crises to real estate downturns, with Israeli apartment prices showing a 1.5% annual decline in May-June 2026. While this indicates market weakness, the primary risk to Israeli banks depends on the speed of price drops and borrowers' ability to repay loans.Economy · 21d agoForeign Investors Pull Back Sharply From Tel Aviv Stock ExchangeForeign investors have drastically reduced their stock purchases in Israel, particularly in the banking sector, while increasing investments in technology and real estate. This trend coincides with upcoming elections and raises concerns about international confidence in the Israeli economy, despite a rise in domestic investment.Economy · 21d agoArab Youth Delay Marriage Due to Economic, Educational, and Social ShiftsYoung Arabs are delaying marriage due to economic pressures, the need for housing and stable careers, and increased educational pursuits, particularly for women. Demographic shifts also suggest a future imbalance in marriageable age groups. While marriage remains important, its timing and conditions are evolving.Economy · 22d agoChinese Carmakers Omoda, Jaecoo May Enter Israel Via Canadian ApprovalChinese car brands Omoda and Jaecoo may enter the Israeli market by leveraging Canadian vehicle approvals, potentially increasing competition and consumer options.Economy · 22d ago · also in 2 newsroomsCourt Appoints Receiver for OpenWeb Amid Financial CrisisAn Israeli court appointed a temporary receiver for OpenWeb, a digital advertising and content platform company, amid a severe liquidity crisis and insolvency proceedings. The company owes approximately 177.5 million shekels to creditors, with its financial woes exacerbated by the suspension of services by major client Microsoft.Economy · 22d ago · also in 1 newsroomDollar Edges Up Against Shekel to 3.06 on Monday MorningThe U.S. dollar rose slightly against the Israeli shekel on Monday, October 5, 2026, to 3.0629 shekels, while the Bank of Israel's representative rate held at 3.06 shekels. Other currency rates from Friday, October 2, were also provided.Economy · 22d ago · also in 33 newsroomsIsrael Slashes Fuel Tax, Gasoline Prices to DropThe Israeli government approved a 50 agorot per liter reduction in gasoline prices, setting the new price at 7.77 shekels. The cut, initiated by Finance Minister Bezalel Smotrich, lowers the excise tax on fuel and will be in effect for one month.Economy · 22d ago · also in 1 newsroomSupermarket Shelf Space Battle Leads To 1.74 Million Shekel RulingA court ordered "Benfit" to pay 1.74 million shekels to the "Victory" supermarket chain over a contract dispute concerning shelf space marketing. The case highlights the significant financial competition for product visibility within Israeli supermarkets.Economy · 22d agoIsrael Wastes Over $190 Million Annually in Unused MedicationsIsrael discards approximately 700 million shekels worth of unused medications annually. A significant portion of these drugs could be redistributed to patients in need, but legal and logistical barriers limit this process, leading to substantial financial waste and missed opportunities to support vulnerable populations.Economy · 23d agoProtection Fees Emerge as Informal Tax on Israeli EconomyProtection money, known as "Khawa," is imposing an estimated 13.8 billion shekel annual cost on Israel's economy, influencing business costs, tender bids, and investment decisions. A significant portion of these demands go unreported due to fear, complicating efforts to address the issue.Economy · 23d ago · also in 6 newsroomsWar's Economic Toll: Israel Pays Billions in CompensationIsrael's National Insurance Institute has paid over 9 billion shekels to victims and families of the deceased and captives, with additional billions for displaced persons and unemployment benefits, highlighting the war's significant economic impact.Economy · 23d ago · also in 33 newsroomsIsrael Cuts Fuel Tax Again Amid Global Price SurgeIsrael's Finance Minister Smotrich has approved a one-month tax cut on gasoline, lowering the price to 7.77 shekels per liter. This measure aims to counter rising global fuel prices and the strengthening dollar, despite concerns about its 150 million shekel cost to the treasury.Economy · 23d agoDollar Falls Against Shekel to 3.06 in Bank of Israel's Latest Representative RateThe Bank of Israel's latest representative rate shows the U.S. dollar falling to 3.06 shekels, a 0.65% decrease. Most major currencies also weakened against the shekel, with the exception of the Swiss franc.Economy · 23d agoUS Dollar Trades at 3.06 Shekels as Israel Awaits New Exchange RatesThe US dollar is trading at 3.06 shekels based on the Bank of Israel's latest representative rates from October 2. New exchange rates are expected later today, as the bank typically updates them on weekday afternoons.Economy · 24d agoOlive Harvest Season: Tips for High-Quality Oil and StorageThe olive harvest season is underway, with experts providing guidance on producing and storing high-quality olive oil. Despite a significant drop in local production last year due to adverse weather, prices have remained stable due to imports, and the share of local oil in the market has declined.Economy · 24d agoNvidia Stock Hits Record High, Nearing $6 Trillion Market CapNvidia's stock surged to a record high, bringing its market value near $5.7 trillion, driven by strong financial results and an expanded share buyback program. The company's significant expansion plans in Israel were also highlighted.Economy · 24d agoTrump Predicts Oil Price Drop If Iran Dispute ResolvedU.S. President Donald Trump predicted a drop in oil prices if the dispute with Iran is resolved. He also stated that European countries would contribute diesel from their reserves to address a fuel crisis.Economy · 24d agoIsraeli Shekel Strengthens Against Dollar and Euro to End WeekThe Israeli shekel strengthened significantly against the U.S. dollar and the euro by the end of the week, reversing previous gains by foreign currencies. The Bank of Israel published official rates showing the dollar at 3.06 shekels and the euro at 3.4419 shekels on Friday.Economy · 24d ago · also in 1 newsroomToyota Leads Israeli Auto Market, Tesla Tops EVs in First 9 MonthsToyota was the best-selling car brand in Israel for the first nine months of the year, while Tesla led the electric vehicle market. Data from the Ministry of Transportation shows strong performance from Chinese brands as well.Economy · 24d ago · also in 1 newsroomNearly 40% of Israeli Goods Exports Not Produced in IsraelApproximately 40% of Israeli goods exports in Q2 were not produced in Israel, a significant increase from previous years. This shift is attributed to economic factors, company strategies, and supply chain issues, alongside the growing dominance of services in Israel's export economy.Economy · 25d agoDollar and Euro Strengthen Against Israeli Shekel in Early October TradingThe U.S. dollar and the euro strengthened against the Israeli shekel at the beginning of October 2026, reversing a prior decline. The dollar reached 3.08 shekels and the euro hit 3.4826 shekels.Economy · 26d ago · also in 5 newsroomsIsrael Faces Record Gas Prices Amid Pre-Election Tax Cut DebateGasoline prices in Israel hit a record high of 8.27 shekels per liter in October. The government is considering a new fuel tax cut before the upcoming elections, which could lower prices, but faces legal and financial considerations.Economy · 26d ago · also in 26 newsroomsIsrael Cuts Fuel Tax by 50 Agorot Per Liter Amid Price SurgeIsrael's government has approved a 50 agorot per liter cut in excise tax on gasoline for one month, lowering the price to approximately 7.77 shekels. This follows a record high price of 8.27 shekels, driven by global market increases.Economy · 26d ago · also in 1 newsroomOne in Five Israeli Youth Neither Study Nor Work, Report FindsA report reveals that one in five young Israelis are neither studying nor employed, an increase that contrasts with a decline in OECD countries. The report also details lower earnings for Israelis without high school diplomas and lower government spending on higher education per student.Economy · 26d agoIsraeli Shekel Strengthens Against Major CurrenciesThe Israeli shekel strengthened against the U.S. dollar, Euro, and British pound on Thursday morning, according to official indicative rates released by the Bank of Israel.Economy · 26d agoBank of Israel Reports 3.6% Rise in Private Sector Debt to 2.6 Trillion ShekelsIsrael's private sector debt, including businesses and households, rose by 3.6% in the second quarter of 2026 to 2.6 trillion shekels, according to the Bank of Israel. Corporate debt increased by 4.2% and household debt by 2.4%.Economy · 27d ago · also in 12 newsroomsFuel Prices Surge in Israel Amid War Costs and Market VolatilityGasoline prices in Israel are reaching a record high of 8.27 shekels per liter due to global oil market volatility and regional conflicts. The government is considering further subsidies, but concerns remain about the long-term economic impact of war financing.Economy · 27d agoAI Boom Fuels Asia-Pacific Investment Surge, China's Tech Exports SoarAsia-Pacific companies have raised over $327 billion in equity deals in 2026, driven by AI investments, while China's tech exports, including semiconductors and EVs, have surged, impacting global markets like Israel's auto sector.Economy · 27d agoUS Consumer Confidence Hits Lowest Since 2014 Amid Economic WorriesUS consumer confidence has fallen to its lowest level since April 2014 due to concerns about living costs and interest rates. This decline could impact Israel's significant tech exports to the US and its broader economy.Economy · 27d ago · also in 1 newsroomDollar Surges Past 3.07 Shekels, Euro Hovers Near 3.49The U.S. dollar rose to 3.0720 shekels, while the euro slightly decreased to 3.4857 shekels and the British pound fell to 4.0646 shekels on September 29, 2026, based on Bank of Israel representative rates.Economy · 27d ago · also in 10 newsroomsFinance Minister Smotrich Seeks New Fuel Tax Cut Amid Price SurgeIsraeli Finance Minister Bezalel Smotrich is considering a new cut to fuel excise taxes to offset a projected increase in gasoline prices to 8.27 shekels per liter. The price hike is attributed to rising global oil prices and a weaker shekel, despite an existing tax reduction.Economy · 27d agoWest Bank Agriculture Suffers Escalating Losses Ahead of Olive HarvestA report details escalating damage to West Bank agriculture, including significant drops in olive oil production and widespread uprooting of olive trees, attributed partly to settlement expansion and farmer access issues.Economy · 27d ago · also in 1 newsroomCarrefour Ends "Israeli Basket" Program, Prices to RiseCarrefour Israel is ending its participation in the "Israeli Basket" price reduction program after the holidays, leading to expected price increases on 100 products. The retailer will launch new promotions to offer alternatives to consumers.Economy · 28d agoFord Launches New Ranger Truck in Israel With Upgraded Engine and Lower PriceFord has released a new Ranger pickup truck in Israel with a more powerful engine and a lower price. The updated model includes advanced safety features and technology, aiming to compete more strongly against the dominant Toyota Hilux in the Israeli market.Economy · 28d ago · also in 6 newsroomsDollar Surges Against Shekel Amid Rising Israeli RisksThe US dollar has strengthened significantly against the Israeli shekel, reaching a multi-month high. An accountant attributes this rise primarily to increased Israeli-related risks stemming from regional tensions and the rejection of an Iranian de-escalation proposal, with potential impacts on oil and fuel prices.Economy · 28d agoChina's Shifting Demand Reshapes Global Raw Material MarketsChina's imports show a significant shift from oil to metals used in new energy and manufacturing, impacting global raw material markets and potentially influencing prices for importing nations like Israel.Economy · 28d ago · also in 3 newsroomsIsraeli Economy Minister Backs ZIM Sale to Hapag-LloydIsraeli Economy Minister Nir Barkat is reconsidering his opposition to the $4.2 billion sale of ZIM Integrated Shipping Services to Hapag-Lloyd, following security consultations and proposed deal modifications. The sale requires further regulatory approvals in Israel.Economy · 28d ago · also in 6 newsroomsIsraeli Shekel Hits Two-Month Low Against US DollarThe Israeli shekel weakened to its lowest point against the US dollar in two months, trading above 3.07 shekels. Factors contributing to the decline include interest rate differentials, rising US bond yields, regional tensions, and global market dynamics.Economy · 28d ago · also in 6 newsroomsDollar Surges Against Shekel, Reaching 3.07; Euro Nears 3.50The U.S. dollar and Euro saw significant daily gains against the Israeli shekel on September 28, 2026, reaching 3.07 and nearing 3.50 respectively, reflecting a weakening of the local currency.