Israel Financial News

Dubai: Saturday’s attack on Israel by Hamas militants, who killed more than 1,200 people and kidnapped many more back to the Gaza Strip, has upended fundamental assumptions about the Middle East. Now, as Israel, its enemies and its main partner, the U.S., respond to these shocking events, the new—and untested—rules of the game risk turning the bloody confrontation between Israel and Hamas into a much wider war.

India's retail inflation eases to 5.02% in September, comes within RBI's tolerance mark after two months Most experts expected retail inflation to be in the range of 5.3 per cent to 5.5 per cent as they pointed out a significant decline in select food items. The recent drop in inflation to a three-month low is a significant positive development on the macroeconomic front. Notably, the September CPI inflation rate at 5.02 per cent is below the upper threshold of the RBI's acceptable range of 2 to 6 per cent.

TRIGGER WARNING: This article contains visuals and information that may be distressing to some readers. Viewer discretion is advised. Israel released several horrifying photos on Thursday amid an escalating war with Palestine. The pictures – purportedly of babies killed by Hamas extremists – were also shown to US Secretary of State Antony Blinken during his visit to Tel Aviv.

By Bansari Mayur Kamdar

By Humeyra Pamuk

Renowned investor Paul Tudor Jones has shared his bearish outlook on stocks while expressing optimism for gold and Bitcoin (BTC).

Israel on Thursday with the scheduled departure of two Canadian evacuation flights and as more countries say they will also work to evacuate citizens after a deadly Hamas attack on Saturday.The departures list at Tel Aviv’s Ben Gurion airport has two Canadian Air Force flights scheduled for 2:30 p.m. and 7 p.m.

Israel on Thursday as its military pulverised the Hamas-ruled Gaza Strip with airstrikes and prepared for a possible ground invasion. As Palestinians tried to stock up on bread and groceries amid dwindling supplies, Israel said nothing would be allowed into Gaza until around 150 hostages taken captive by Hamas during a weekend attack are freed. International aid groups warned of worsening humanitarian crisis after Israel stopped all deliveries of food, water, fuel and electricity to the tiny enclave of 2.3 million people and prevented entry of supplies from Egypt.

By Nidal al-Mughrabi and Jonathan Saul

By Oriana Boselli

While a few companies have already reported results, it is safe to say that the Q3 2023 earnings season will only kick into high gear tomorrow, spearheaded by major U.S. banks. Against a backdrop of economic uncertainty, high interest rates, subdued consumer confidence, and geopolitical tensions stemming from the Israel-Hamas conflict, investors could certainly use some good news.

[email protected] Apart from this, the Embassy of India in Tel Aviv has set up a 24-hour emergency helpline, which can be accessed via per contact details given below: +972-35226748 +972-543278392 [email protected] Further, the Representative Office of India in Ramallah has also set up a 24-hour emergency helpline, which can be accessed as per the contact details given below: +970-592916418 (also WhatsApp) [email protected] Among other things, reports by the Economic Times revealed that there is a possibility that global technology companies operating in Israel could potentially relocate their business operations to India or other regions like the Middle East or Eastern Europe. ALSO READ: Global tech giants in Israel eye India for relocation amid escalating Israel-Hamas conflict: Report It is to be known that Israel is host to more than 500 global companies, including prominent names such as Microsoft, Intel, and Google.

Blinken vowed on a visit Thursday that the United States will «always» back Israel but said the Palestinians also have «legitimate aspirations» not represented by militant group Hamas. «You may be strong enough on your own to defend yourself,» Blinken said during a meeting with Prime Minister Benjamin Netanyahu as war raged between Israel and Hamas. «But as long as America exists, you will never, ever have to.

Syria's state television said Israel launched attacks on the main airports in the capital Damascus and the northern city of Aleppo on Thursday. Local media channel Sham FM said Syrian air defences were launched in response to both attacks.

Israel on Friday, said MEA spokesperson Arindam Bagchi during the weekly press conference on Wednesday. «Yesterday, operation Ajay was launched to facilitate our citizens who wish to come back. The first flight will reach Tel Aviv tonight and is likely to reach India tomorrow,» said Bagchi. India on Thursday launched 'Operation Ajay' to facilitate the return of Indians from Israel who wish to come back home.

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IEA) on Thursday lowered its forecast for growth in oil demand in 2024, suggesting harsher global economic conditions and progress on energy efficiency will weigh on consumption. In its monthly report, the IEA forecast demand for oil will rise by 880,000 barrels per day (bpd) in 2024, down from its previous forecast of 1 million bpd, based on broader economic concerns and a faster adoption of electric vehicles among other energy efficiency measures. However, the Paris-based agency that advises the United States and other industrialised countries, raised its 2023 demand forecast to 2.3 million bpd, from a previous estimate of 2.2 million. OPEC and its allies, known as OPEC+, began limiting supplies in 2022 to support prices. In September, global benchmark Brent hit 10-month highs after Saudi Arabia and Russia extended their combined 1.3 million bpd cuts until the end of the year. «If extra cuts are unwound in January, the balance could shift to surplus, which would go some way to help replenish depleted inventories,» the agency said. Although Russia pledged to cut crude exports until the end of 2023, according to the IEA's estimates Moscow's total exports of crude oil and products in September rose by 460,000 bpd to 7.6 million bpd, with crude accounting for 250,000 bpd of the increase. The jump in exports highlights the difficulty the West has faced in trying to reduce Russian exports and revenue to Moscow amid its war with Ukraine. Last year, the IEA predicted harsh Western sanctions would lead to a collapse in Russian energy exports. ECONOMIC HEADWINDS, GEOPOLITICAL RISK Oil prices fell sharply last week as a darkening economic outlook intensified fears of slower growth in demand, eclipsing supply concerns.

By Ahmad Ghaddar

President Biden on Tuesday showed appropriate outrage at the wanton slaughter by Hamas this weekend, and his pledge of support for Israel is welcome. But there was a crucial word missing from his remarks at the White House: Iran. Tehran is Hamas’s terror master, and its assault on Israel exposes the failure of his Iran strategy.

₹14,091 crore in September due to a risk-off sentiment in the stock markets, mutual fund body AMFI said on Wednesday. Net inflows into small-cap funds were down by 37% at ₹2,678.47 crore in September and into midcaps declined by 20% to ₹2,001 crore. “We believe the decline has happened because of the high valuations in the market.

Israel-Hamas war dragged on to the sixth day, many countries, including India, are making arrangements to repatriate their citizens from Israel. In a show of solidarity, US Secretary of State has arrived in Israel.