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Israeli economy
Illustrative photo of young Israelis at a cafe in Tel Aviv (photo credit: Miriam Alster/Flash90)
Inside Story
The kids are not alright: Next generation will foot massive pandemic bill
By Shoshanna Solomon
While acknowledging that money, and lots of it, must be devoted to safeguarding the economy, experts rail against unwise and profligate spending and warn of the heavy toll to come
A poster reads "closed because of me" with an image of Prime Minister Benjamin Netanyahu on a closed shop in Tel Aviv, October 13, 2020. (AP Photo/Ariel Schalit)
October 14, 2020, 1:29 pm
Coronavirus lockdown 2.0 deepens divisions, social gaps in Israel
Anger between populations tears at fabric of society as many lose their livelihood, while some firms have managed to reinvent themselves to adapt to the new reality
By Josef Federman
Closed store at the Mahane Yehuda market in Jerusalem on June 3, 2020. (Olivier Fitoussi/ Flash90)
October 10, 2020, 9:30 pm
Small business owners vow to open Sunday in defiance of lockdown
‘Fear of fines? I’m afraid my landlord will throw me to the street,’ exclaims a worker; another says government stipends can’t even cover her rent
By TOI staff
Illustrative photo of young Israelis at a cafe in Tel Aviv (photo credit: Miriam Alster/Flash90)
October 8, 2020, 2:29 pm
The kids are not alright: Next generation will foot massive pandemic bill
While acknowledging that money, and lots of it, must be devoted to safeguarding the economy, experts rail against unwise and profligate spending and warn of the heavy toll to come
By Shoshanna Solomon
Helal Saeed Almarri, Director General of Dubai World Trade Centre Authority (DWTCA) and Dubai’s Department of Tourism and Commerce Marketing (DTCM) (Courtesy)
October 5, 2020, 5:24 pm
Israel Export Institute, Dubai World Trade Centre sign cooperation accord
Deal is a first step toward a ‘comprehensive’ trade agreement to be signed between Israel and UAE; export potential to UAE is estimated at $500 million a year
By Shoshanna Solomon
Israelis, wearing face masks for fear of the coronavirus, shop for groceries at the Mahane Yehuda market in Jerusalem on September 14, 2020. (Olivier Fitoussi/Flash90)
September 23, 2020, 6:07 pm
OECD: Israel is healthy, happy but highly unequal – and COVID is making it worse
Coronavirus has dealt a stunning blow to economy, recovery will be slow, says report from intergovernmental economic organization
By Simona Weinglass
Newly appointed housing minister and former health minister Yaakov Litzman, at his installation ceremony at the Housing Ministry in Jerusalem on May 18, 2020. (Olivier FitoussiFlash90)
September 13, 2020, 12:35 pm
Housing Minister Litzman resigns in protest of looming holiday lockdown
Ultra-Orthodox former health minister accuses government of failing to act earlier and deliberately picking Rosh Hashanah as the start date of closure
By TOI staff
Police at a temporary checkpoint on Route 1 outside Jerusalem on April 9, 2020 (Olivier Fitoussi/Flash90)
September 13, 2020, 8:44 am
Cabinet meets to discuss nationwide lockdown, as minister threatens to resign
Health Ministry has vowed to oppose any change to planned stringent restrictions over High Holidays, as some ministers oppose it and Litzman says he’ll step down if it passes
By TOI staff
Store owners at Jerusalem's Mahane Yehuda market scuffle with police during a protest over the continued closure of open-air markets, April 25, 2020. (Yonatan Sindel/Flash90)
September 12, 2020, 7:02 pm
‘Insane’: Health Ministry’s lockdown plan meets swift pushback from ministers
As details of planned restrictions emerge, finance officials, others said pressing heavily to tone down measures; Finance Ministry said to predict damage of $5.2 billion to economy
By TOI staff
Illustrative: Mask-clad Israeli restaurant owners and others protest against lockdown measures in Tel Aviv on July 17, 2020. (JACK GUEZ / AFP)
September 11, 2020, 4:49 pm
Lockdown rebellion: Business heads warn Netanyahu of disaster, threaten defiance
Letter to PM says economic damage will last a decade; shops, restaurants, gyms vow to remain open, saying a second shutdown will destroy them financially
By Shoshanna Solomon and TOI staff
Illustrative photo of 200 new Israeli shekel bills, February 7, 2016. (Nati Shohat/Flash90)
September 10, 2020, 2:52 pm
Why, amid collapsing economy wracked by COVID, is shekel near a 12-year high?
The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency’s strongest level since July 2008
By Shoshanna Solomon
Self-employed people and kindergarten owners participate in a rally calling for financial support from the Israeli government in Jerusalem, on April 19, 2020 (Yonatan Sindel/Flash90)
September 9, 2020, 4:52 pm
Small businesses, self-employed threaten ‘anarchy’ if new lockdown imposed
At press conference in Tel Aviv, business owners call for ‘advance compensation’; closure during upcoming holiday season will cost economy NIS 13.6 billion, group warns
By Shoshanna Solomon
Prime Minister Benjamin Netanyahu visits a school in Jerusalem ahead of the opening of the school year, August 25, 2020. (Marc Israel Sellem/Pool)
August 27, 2020, 3:24 pm
Using state budget as a cudgel, Netanyahu puts his political future in the red
PM charged head-first into a wall of public resentment over the budget deadlock; it’s doing him more damage than all the years of corruption probes and intemperate politicking
By Haviv Rettig Gur
UAE President Sheikh Khalifa bin Zayed Al Nahyan (right) meets with Iranian Foreign Minister Mohammad Javad Zarif in Abu Dhabi, United Arab Emirates, on December 4, 2013. (photo credit: AP/WAM)
August 23, 2020, 9:25 am
UAE normalization deal puts Israel’s economic reach on Iran’s doorstep
With thousands of Iranians doing business in the Emirates, Israelis investing in new ally are sure to come across them; development not expected to affect UAE-Iran economic ties
By Mohamad Ali Harissi
Emirates aircraft, parked on the tarmac at Dubai International Airport, July 8, 2020. (KARIM SAHIB / AFP)
August 20, 2020, 3:39 pm
Oil, tech, travel: Israel, UAE eye economic benefits of normalization deal
With both economies suffering from coronavirus pandemic, pact seen as presenting considerable opportunities for growth via cooperation in various sectors
By AFP and TOI staff
Tel Aviv City Hall is lit up with the flags of the United Arab Emirates and Israel as the countries announced they would be establishing full diplomatic ties, on August 13, 2020. (AP Photo/Oded Balilty)
August 18, 2020, 1:10 pm
As Israel, UAE ties come out of closet, businesses are abuzz with excitement
OurCrowd CEO Jon Medved says his email is ‘blowing up’ with messages from UAE potential partners; Vintage’s Alan Feld and UAE ‘brother’ exchange messages as trade potential looms
By Shoshanna Solomon
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