Economics

UN Report: Gaza bears 97% of Palestinian Territories' GDP damage

According to a UN report, the Gaza Strip suffered $18.5 billion in damages due to the conflict between Israel and Hamas.

Israeli high-tech sees significant salary drop in January

According to the Central Bureau of Statistics, the average salary in Israel in January 2024 dropped by 3.92%.

McDonald's Israel sold to international chain, IDF donations in question

This move allows McDonald's to halt donations to the IDF made by restaurants under Omri Padan's control.

Ryanair resumes flights to Israel in June

Many foreign airlines suspended their service to Israel following the October 7 attack and ensuing war in Gaza

Turkish Airlines cancels Israel flights until March 2025

Until October 7, the Turkish airline had operated more than ten daily flights on the Tel Aviv-Istanbul route

Turkey blocks exports to Israel, Globes reports

Israel has been excluded from Turkey's list of trade priorities.

Fitch Ratings affirms Israel's A+ credit rating

Back in October, Fitch put Israel's A+ credit score on rating watch negative due to the heightened risk of a major escalation in the war in Gaza