MAGAZINE ABOUT LIFE IN ISRAEL

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Finance

Israel Ranks in Top 20 Economies for GDP 

in Economy & Innovation

Israel has never been in the top 20 economies for GDP per capita; however, the past year has made the strength of the Israeli economy notable despite its subsequent shutdowns during the coronavirus crisis. In the latest Forbes Israel report based on International Monetary Fund data, Israel is 19th on the global list.  GDP per…

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First Digital Bank Branch Set to Launch in Q3

in Economy & Innovation

Industries are being turned on their sides due to digital, yet banking hasn’t seen much out of the box – until the First Digital Bank. Founded by Professor Amnon Shashua, who played a founding role in the Mobileye self-driving car revolution, the First Digital Bank hopes to be a disruptor in the centuries-old industry. CEO…

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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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