TEL AVIV Israel is unrolling a major pipeline of investments to get rid of persistent traffic jams that are hampering economic growth. To unclog the developed world's most congested roads, the government will partner with private contractors and banks, both Israeli and foreign, marking a shift in policy after a series of transport projects were criticized for delays and mismanagement.
JERUSALEM The Bank of Israel, in a surprise move, raised short-term interest rates for the first time in more than seven years on Monday, and indicated that its monetary tightening path will be slow and steady.
JERUSALEM Companies operating in both Israel and Egypt will buy a 39 percent stake in the EMG pipeline to enable a landmark $15 billion natural gas export deal to begin next year, the partners said on Thursday.
JERUSALEM U.S.-Israeli billionaire Shari Arison said on Tuesday she will sell off shares in Israel's largest bank, Hapoalim , to the public after failing to find a strategic partner to share control of the business.
EIN BOKEK, Israel The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. | Video
TEL AVIV Teva Pharmaceutical Industries on Thursday raised its profit outlook for 2018 after reporting a smaller than expected drop in second-quarter net profit, but its shares tumbled eight percent on disappointment over its unchanged revenue outlook.
JERUSALEM, July 29 Israel's Bank Leumi
expects to complete the 2.5 billion shekel ($685 million) sale
of its credit card unit Leumi Card to Warburg Pincus by
the end of the year, bank executives said on Sunday.
YEHUD, Israel An Israeli non-profit group plans to land an unmanned spacecraft on the moon in February in the first landing of its kind since 2013. | Video
JERUSALEM Israeli pharmaceuticals company PainReform has received approval from the U.S. Food and Drug Administration (FDA) to begin late-stage clinical studies for a pain relief drug that is a departure from opiate-based narcotics, it said on Tuesday.