Edition:
United Kingdom

Ari Rabinovitch

Bank of Israel holds key rate, sees optimism over COVID-19 vaccine

3:12pm GMT

JERUSALEM The Bank of Israel held its benchmark interest rate at 0.1% for a fifth straight meeting on Monday, citing optimism that a coronavirus vaccine would help the economy rapidly recover from damage caused by the pandemic next year.

UPDATE 1-Bank of Israel holds key rate, sees optimism over COVID-19 vaccine

3:11pm GMT

JERUSALEM, Nov 30 The Bank of Israel held its benchmark interest rate at 0.1% for a fifth straight meeting on Monday, citing optimism that a coronavirus vaccine would help the economy rapidly recover from damage caused by the pandemic next year.

Tel Aviv exchange sees stream of IPOs during coronavirus crisis

05 Nov 2020

JERUSALEM Companies are lining up to go public in Tel Aviv at a rate unseen in over a decade with the stock exchange getting a much needed boost as coronavirus limitations prompt businesses to raise funds closer to home.

Tel Aviv exchange sees stream of IPOs during coronavirus crisis

05 Nov 2020

JERUSALEM, Nov 5 Companies are lining up to go public in Tel Aviv at a rate unseen in over a decade with the stock exchange getting a much needed boost as coronavirus limitations prompt businesses to raise funds closer to home.

Israeli pipeline company signs deal to bring UAE oil to Europe

20 Oct 2020

JERUSALEM Israeli pipeline company EAPC said on Tuesday it had signed a preliminary deal to help transport oil from the United Arab Emirates to Europe via a pipeline that connects the Red Sea city of Eilat and the Mediterranean port of Ashkelon.

Lebanon and Israel, long-time foes, to start talks on disputed waters

13 Oct 2020

BEIRUT/JERUSALEM Lebanon and Israel, formally still at war after decades of conflict, launch talks on Wednesday to address a long-running dispute over their maritime border running through potentially gas-rich Mediterranean waters.

Israel finance minister promises budget by December, another official quits

11 Oct 2020

JERUSALEM Israel's finance minister promised on Sunday the long awaited 2021 state budget would be ready in December amid accusations the government was dragging its heels for political reasons and after a third senior economic official quit in three months.

Israel's Mobileye, Dubai's Habtoor partner on self-driving cars

23 Sep 2020

JERUSALEM/DUBAI Israel's Mobileye and United Arab Emirate's Al Habtoor Group launched a partnership on Wednesday to create a fleet of self-driving "robotaxis" that could take to the streets of Dubai by the end of 2022.

Israel pushes back creation of sovereign wealth fund as gas revenue trickles in

07 Jul 2020

JERUSALEM Israel has pushed back the creation of a sovereign wealth fund because tax revenue from natural gas has not yet hit the minimum needed to begin investing, and fund managers have not yet been chosen, Bank of Israel Deputy Governor Andrew Abir said on Tuesday.

Israel pushes back creation of sovereign wealth fund as gas revenue trickles in

07 Jul 2020

JERUSALEM, July 7 Israel has pushed back the creation of a sovereign wealth fund because tax revenue from natural gas has not yet hit the minimum needed to begin investing, and fund managers have not yet been chosen, Bank of Israel Deputy Governor Andrew Abir said on Tuesday.

World News

Biden names top economic team to focus on recovery from pandemic

WILMINGTON, Del. (Reuters) -U.S. President-elect Joe Biden named several women to his top economic policy team on Monday, including former Federal Reserve Chair Janet Yellen as Treasury secretary nominee, setting the stage for diversity and a focus on recovery from the pandemic.