Central bank says steps provide financial relief and ease cashflow crunch in wake of Hamas onslaught and ongoing war

Led by a group of 20 Israeli founders and CEOs, the Israeli Children’s Fund pledges $100,000 per child along with mentorship and support until age 22

Annual inflation eases to 3.8% ahead of Bank of Israel interest rate decision next week; war with Hamas expected to affect economy, dampen growth prospects

In week of Hamas onslaught, shekel drops to weakest level since early 2016, approaching NIS 4 per dollar; economist expects war to last at least two months

Israel's national carrier will fly back reserve soldiers from New York and Bangkok in emergency rescue flights as the IDF braces for a long war with the Hamas terror group

Central bank governor Amir Yaron, who was due to leave his post at the end of 2023, will remain in office to help steer the economy during war

US firm Jefferies to donate $8.6m to 10 charities providing humanitarian aid to terror victims; General Catalyst will donate $250,000 and Oracle $1m to support humanitarian relief

Central bank, credit card firms say they've been following the situation since the start of the war and are acting swiftly to freeze cards and bank accounts

War comes at challenging time for economy; International Monetary Fund warns world economy faces new uncertainty from war between Israel and Hamas

US energy giant Chevron, operator of Tamar reservoir located off Ashkelon coast, says Energy Ministry ordered production at the rig suspended