MAGAZINE ABOUT LIFE IN ISRAEL

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Finance

Corona Crisis: Financial Security Troubles While Malls Overcrowd

in Economy & Innovation

Adopting Black Friday shopping tradition from American culture, thousands of Israelis stood in line as a sample size of 15 malls re-opened for the first time since mid-September. With only 10 customers allowed per store, lines were massive. Opening malls is part of a pilot plan to determine whether it is safe given COVID-19. Due…

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Israeli Economic Damage May be Minimal

in Economy & Innovation

A recent report by the International Monetary Fund (IMF) finds that the Israeli economy is expected to recover rapidly, despite the corona crisis. Entering COVID-19 circumstances from a place of strength support the idea that stability will return come 2021, despite the high levels of uncertainty emanating daily. Due to the quick action of the…

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Jerusalem Will Build to 50 Floors

in Economy & Innovation

In a controversial move, Jerusalem, a city steeped in history, tradition and ancient culture, is turning a new leaf. Despite being loved for its low Old City skyline, the municipality has recently approved a series of new high rises. Once upon a time the city was allowed only to build up to 8 stories, slowly…

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Corona Struggles and Students Are Too

in Economy & Innovation

With a 3.7% infection rate, Israel is slowly beginning to open up. As of Sunday, October 18, the strict lockdown lifted, though businesses and schools stayed closed – for most. Rejecting the restrictions, and reopening schools is the Haredi community, which subsequently also has the highest rate of infection, five times more likely to get…

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Israel Invests in Foreign Workers Despite High Unemployment

in Economy & Innovation

As citizens suffer from the highest unemployment rate in decades due to coronavirus, Israeli officials authorize hiring 30,000 foreign workers. The Ministries of Labor, Welfare, and Construction have each agreed to import workers, approving the increase of Palestinians from 64,000 workers to 80,000, doubling the migrant workers to over 32,000, and approving work for 700…

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