Economy
No. 8: Howard Lutnick: US Secretary of Commerce, and Trump’s tariff dealmaker-in-chief
A longtime Wall Street executive who co-chaired the Trump-Vance transition, Lutnick entered office as an outspoken advocate of the president’s tariff agenda.
Mao Zedong, Israel and the road not taken - 50 years after leader’s death
Israel ranks third worldwide in AI commercialization as economy grows 3.2% ahead of Rosh Hashanah
Basketball association to return half a million shekels to clubs
Third consecutive cut: Bank of Israel lowers interest rates to 3.25%, following economic review
The Bank of Israel's Monetary Committee lowered the interest rate on Tuesday. The rate was previously lowered in July, when the BoI decided to cut the rate from 3.75% to 3.5%.
Iran's Central Bank chief says regime has enough foreign currency despite US sanctions, blockade
The central bank was ready to inject up to $2 billion into the foreign exchange market to calm recent volatility, while the Iranian rials plunged to a record low in August.
Ukraine, a living laboratory for modern warfare, is shaping the global economy, security - opinion
The protracted conflict has shattered Europe’s longstanding assumption that economic interdependence could serve as a substitute for military deterrence.
Syria’s credit card comeback, Damascus International Fair mark return to global economy
Syria can now process credit card payments again, symbolizing Syria's re-entry into the international system after years of isolation.
Iceland votes on whether to start EU membership talks, results too close to call
Iceland first applied to join the EU in 2009, amid a financial crisis that hit the country's small, exposed economy especially hard, and talks ended under a Eurosceptic government in 2013.
Insurance companies' profits surged this quarter to NIS 2.85 Billion
Phoenix and Menora Mivtachim led a 20% Q2 profit surge to NIS 2.85B across Israel's top insurers, prompting raised business targets and major dividend payouts.
Strategy or physical withdrawal: What does Washington’s shift from airstrikes to sanctions signify?
Despite the apparent success of the US’s blockade and sanctions campaign, Iranian officials have repeatedly expressed that they would not falter in maintaining control over the Strait of Hormuz.
Treasury Secretary Bessent says US entering 'endgame' with Iran, will sever economic lifelines
"Any remaining tie to Tehran will hasten the economic ostracism of countries and entities, whether that tie be purposefully constructed or wilfully ignored."
Iranian worker’s suicide attempt exposes Islamic regime's economic crisis, expert says
A 35-year-old man, one of 20 employees laid off because of wartime conditions, attempted to take his life in Mahshahr after the Labor Department failed to respond to his requests.
Lebanese economic recovery in 2025 will be undone by 2026 conflict, World Bank report shows
The report, titled “A Conflict-Torn Economy,” estimated that Lebanon’s real gross domestic product (GDP) expanded by 4.2% in 2025, marking its strongest growth since 2019.
