Prico: Concerns about an escalation on the Syrian front and estimates that the budget deficit might rise above 8% and endanger Israel's credit rating have dragged the shekel-dollar exchange rate above NIS 3.70/$.
ICA in Israel, Rashi Foundation and venture capital firm Southern Israel Bridging Fund (SIBF) have launched a joint venture to invest in startups with technologies committed to impact society.
Overturning a lower court decision, the Supreme Court says that pending a full hearing of its appeal, Mizrahi Tefahot Bank should not transfer the NIS 8 million donation by Roman Abramovich.
Amir Yaron says the market is pricing Israeli government debt higher regardless of the credit agencies, and warns of a 16% rise in direct taxes unless haredim participate fully in the workforce.
The Bank of Israel report says damage to GDP from the decline in the industry, which is mainly caused by a continuing severe shortage of workers, could reach 1.35%.