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Israel economy

Israeli reserve soldiers seen during military training in the Golan Heights, northern Israel, October 30, 2023. (David Cohen/ Flash90)
August 25, 2026, 9:59 pm
Wartime reserve duty taking heavier toll on economy than expected, Treasury warns
Month of reserve duty costs the state an average NIS 53,000 per soldier and falls mainly on non-Haredi Jewish men aged 25-44, who tend to earn more and have children, report shows
By Sharon Wrobel
Illustrative image of freight, containers and shipping and cargo (AvigatorPhotographer; iStock by Getty Images)
July 28, 2026, 11:44 am
Trump’s tariff push hits strained Israeli exporters with higher duty on goods to US
US administration imposes 12.5% import tax on Israeli goods, saying move targets countries with insufficient regulations or weak enforcement of bans on goods made by forced labor
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks at a press conference in Jerusalem, April 7, 2025. (Sharon Wrobel/ The Times of Israel)
July 6, 2026, 8:12 pm
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
Finance minister and manufacturers criticize Bank of Israel’s 0.25% rate cut to 3.5% as insufficient, say it doesn’t reflect the needs of businesses and households
By Sharon Wrobel
Tel Aviv's financial business district skyline, June 2022. (Elijah Lovkoff via iStock by Getty Images)
July 1, 2026, 10:20 pm
Israel ranks 18th in global wealth list as 8,800 Israelis become new millionaires
UBS report finds Israel is home to 195,000 millionaires at the end of 2025, an increase of 4.7% over 2024; while average wealth rose, inequality has deepened ⁠since 2020
By Sharon Wrobel
Tel Aviv, June 22, 2026. (Miriam Alster/ FLASH90)
June 22, 2026, 8:34 pm
Investors sour on Israel as US moves to end fighting, blunting market’s wartime gains
As stocks rise across the globe on news of war with Iran ending, Tel Aviv sees sharp declines amid waning confidence in prospect of new Mideast and improved geopolitical landscape
By Sharon Wrobel
Illustrative: Offices of the Jerusalem Venture Partners tech investment firm in Jerusalem, February 18, 2019. (Hadas Parush/ Flash90)
June 10, 2026, 8:55 pm
Despite war, Israeli startups snag $8.6 billion, as strong shekel cuts cash runway
Although fundraising by local tech jumped 45% this year, it was invested in fewer companies, mostly cyber and AI; startups hire abroad as shekel fuels costs, according to new report
By Sharon Wrobel
Illustrative: New Israeli shekel bills, September 24, 2023. (Hadar Youavian/ Flash90)
June 7, 2026, 4:11 pm
In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
Central bank purchases $801 million after shekel reached a 33-year peak against the dollar, raising fears of tech firm layoffs and relocations to cheaper markets
By Sharon Wrobel
Illustrative: View of the Pazkar Factory near Afula, October 14, 2024 (Michael Giladi/Flash90)
June 4, 2026, 8:00 pm
Strong shekel squeezes value of export sales, as industry warns of damage to economy
In the first few months of 2026, local export revenue shrank by more than NIS 6.5 billion due to the sharp rise in the shekel’s value against the dollar
By Sharon Wrobel
A man pushes a handcart past closed shops in Jerusalem's Old City, on March 27, 2026, as the area remains closed to visitors amid the war with Iran. (AP Photo/Mahmoud Illean)
June 1, 2026, 7:46 pm
1 in 3 Israelis faces lower income as Iran war deepens financial strain
After more than two and a half years of wars, over 50% of workers in the north report income losses, and suffer a similar plunge in employment scope, poll finds
By Sharon Wrobel
Illustrative. An employee works in the tech sector. (Hadas Porush/ Flash90)
May 31, 2026, 9:34 pm
After record year, Israeli tech brain drain raises fears for future growth – report
Israel Innovation Authority says R&D activity and management of startups are increasingly moving abroad amid AI-related changes, and as strong shekel raises costs
By Sharon Wrobel
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Finance Ministry in Jerusalem on August 6, 2025. (Yonatan Sindel/ Flash90)
May 25, 2026, 9:57 pm
Bank of Israel cuts borrowing costs, while flagging geopolitical risks
Local manufacturers attack Governor Yaron for doing too little, too late, as the mighty shekel hurts competitiveness and profitability of exporters
By Sharon Wrobel
Banking supervisor Daniel Hahiashvili speaks at a press conference in Tel Aviv on May 19, 2025. (Sharon Wrobel/Times of Israel)
May 18, 2026, 7:03 pm
Regulator demands fairness from Israeli banks as they cash in on hefty fees
Banking supervisor warns that lenders that don’t treat their customers well will be ‘in trouble,’ sees the entry of new players catalyzing competition in the local banking system
By Sharon Wrobel
Finance Minister Bezalel Smotrich holds a press conference ahead of the vote on the state budget at the Knesset in Jerusalem, March 29, 2026. (Yonatan Sindel/Flash90)
May 17, 2026, 6:26 pm
Smotrich denies bid to hike retirement age to 70; officials say it’s part of contingency plan
Finance minister insists ‘issue not on the agenda,’ but idea is not new given rising life expectancy, and officials say it could come into force if needed
By Sharon Wrobel
Illustrative photo of a shekel and a US hundred dollar bill, April 13, 2026. (Nati Shohat/Flash90)
May 8, 2026, 10:29 am
Shekel hits 33-year-peak, hammering exports, yet policymakers are insistently inactive
The strength of Israel’s currency is forcing exporters and startups to make tough decisions about hiring abroad and moving R&D centers out of Israel, stirring fears about future growth
By Sharon Wrobel
A woman takes out money from a Bank HaPoalim ATM machiine in Tel Aviv on December 9, 2024. (Miriam Alster/FLASH90)
May 6, 2026, 11:11 pm
Israel’s competition watchdog declares top 5 banks an oligopoly, targets deposits
Hapoalim, Leumi, Mizrahi Tefahot, Discount and First International control 98% of banking sector’s assets, competition watchdog says; critics denounce their huge profits, excessive fees
By Sharon Wrobel
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