ILO: Gaza faces economic devastation as War enters 2nd year
Gaza is facing devastating economic repercussions as the war enters its second year, according to the latest…
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Gaza siege
WB head warns of impact of escalating Middle East war on global economy
World Bank President Ajay Banga warned that a wider Israel-Gaza conflict could significantly impact the global…
Moody’s downgrades Israel’s ratings to Baa1, maintains negative outlook
Moody's Ratings has downgraded Israel's long-term local and foreign-currency issuer ratings to Baa1 from A2,…
US grants Egypt full yearly military aid
The US is granting Egypt with its full $1.3 billion military aid allocation for the first time under the Biden…
Israel’s budget deficit reaches NIS 12.1b in August
Israel recorded a budget deficit of NIS 12.1 billion for August 2024, while the year-to-date (YTD) deficit for…
Israel cuts ’24 growth forecast amid ongoing Gaza aggression
Israel’s finance ministry revised its 2024 growth forecast downward to 1.1 per cent, down from 1.9 per cent, due to…
S&P PMI: Lebanon’s private sector sees further decline in August
Lebanon's private sector experienced declining business conditions in August. The index fell to 47.9 from 48.3 in…
Israeli banks block shekel transfers from Palestinian banks
Israeli banks are blocking shekel cash transfers from Palestinian banks in the West Bank, potentially disrupting…
Israel’s GDP growth falls short of forecasts
Israel’s economic growth slowed more than anticipated in the second quarter, failing to maintain its initial…
Fitch downgrades Israel to ‘A’, negative outlook
Fitch Ratings has downgraded Israel’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'A+' to 'A,' with…
