Strong shekel makes Israeli tech workers pricier than their US counterparts, study shows
Israeli tech developers have become more expensive than their US counterparts for the first time in many years,…
Israel rolls out NIS 1.6 billion aid plan for tech sector hit by rapid shekel surge
Finance Minister Bezalel Smotrich on Tuesday presented a NIS 1.6 billion ($537 million) assistance package intended to help…
Smotrich vows long-sought assistance plan for Israeli tech harmed by strong shekel
For weeks, local tech exporters and manufacturers have been warning that the overly strong shekel poses a serious…
Investors sour on Israel as US moves to end fighting, blunting market’s wartime gains
For months, barrages of Iranian ballistic missiles flying at Israel, escalating tension at the Lebanese front and fears…
In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
For the first time since 2022, the Bank of Israel intervened in the foreign exchange market, buying $801…
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry
Wix, Rapyd and Amdocs became the latest Israeli tech firms to join a wave of layoffs to tighten…
A stronger shekel has become a pressing problem for Americans building lives in Israel
JTA — Yisrael HaBahiyir saved for more than a year to make his dream of moving to Israel…
Bank of Israel cuts borrowing costs, while flagging geopolitical risks
The Bank of Israel on Monday decided to lower interest rates by 0.25 percentage points, citing a strong…
Shekel hits 33-year-peak, hammering exports, yet policymakers are insistently inactive
Israeli tech exporters and manufacturers are warning of an unfolding economic crisis as the shekel’s rise to a…