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Articles by Guy Ben Simon
Modular two-part titanium implant for complex orbital reconstruction - Eye
This is a preview of subscription content, access via your institution Access options Subscribe to this journal Receive 18 print issues and online access $259.00 per year only $14.39 per issue Buy this article Purchase on SpringerLink Instant access to the full article PDF. USD 39.95 Prices may be subject to local taxes which are calculated during checkout Fig. 1: Patient preferred modular orbital implant for complex bilateral orbital fractures.
Primary cemiplimab treatment for orbital squamous cell carcinoma is effective and may alleviate the need for orbital exenteration - Eye
Abstract Purpose To evaluate the effectiveness of cemiplimab, a Programmed-cell-death-1(PD-1) protein inhibitor, for the treatment of cutaneous periocular-locally-advanced squamous-cell-carcinoma (POLA-SCC) with orbital-invasion. Methods Multicentre real-world retrospective study. Demographic and clinical data were collected and analysed for patients with biopsy-proven POLA-SCC(AJCC-T4) with orbital-invasion who were treated with cemiplimab at one of four tertiary medical centres in 2019–2022.
"Inflation has spread beyond energy and commodities"
After the sharpest interest rise seen in Israel for over 20 years, rates are still low historically speaking at 2%. But the hikes are not over. In order to restrain inflation, the Bank of Israel is expected to continue pushing up the interest rate, even if there are already signs that price rises are moderating. Meanwhile housing prices continue to soar. Bank of Israel Deputy Governor Andrew Abir tells "Globes" in an interview that it is not housing prices at the top of the agenda.
Bank of Israel raises interest rate by 0.75%
The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has raised the interest rate by 0.75% to 2%. The hawkish move has been made in order to combat rising inflation, which has reached 5.2% over the past year in Israel - the highest inflation rate since 2008. This is the most aggressive rate hike made by the Bank of Israel since June 2002.
Moderate or aggressive? The BoI weighs its next rate hike
Prof. Amir Yaron Credit: Bank of Israel Spokesperson Nice CEO: Our cash gives us a competitive advantage Ministry mulls allowing Hungary's 4iG to buy 20% of Spacecom The appreciating shekel and falling commodity prices face off against strong growth and higher than expected inflation. Tomorrow (Monday), the Bank of Israel is expected to raise its interest rate as part of the battle against inflation.
Four reasons to believe Israel’s inflation has peaked
After several months in which the rise in the Consumer Price Index (CPI) was lower than expected, July’s reading of a 1.1% rise was way above expectations and ostensibly changes the picture, with annual inflation in Israel now more than 5%, the highest figure since 2008. Inflation in Israel is still considerably lower than in other developed countries – 8% in the US and 9% average in Western Europe. Nevertheless, July’s inflation figure came as an unpleasant surprise.
Job vacancies in Israel fall
Job vacancies in the tech sector have been consistently falling since February but are rising in sectors like construction. The continuing fall in tech job vacancies indicates a cooling down in the sector. The number of job vacancies for software developers fell 11% on average in May-July to 10,130, the Central Bureau of Statistics reports, from April-June, which was itself 7% down from March-May. Over the same period, job vacancies for computer engineers fell 8% to 14,963.
Four reasons to believe Israel's inflation has peaked
After several months in which the rise in the Consumer Price Index (CPI) was lower than expected, July’s reading of a 1.1% rise was way above expectations and ostensibly changes the picture, with annual inflation in Israel now more than 5%, the highest figure since 2008. Inflation in Israel is still considerably lower than in other developed countries - 8% in the US and 9% average in Western Europe, nevertheless, July’s inflation figure came as an unpleasant surprise.
Defying forecasts, Israel's economy grew at 6.8% in Q2
After GDP contracted at 2.9% in the first quarter, the Israeli economy has posted the strongest growth in the OECD. Israel's GDP grew 6.8% on an annualized basis in the second quarter of 2022, the Central Bureau of Statistics reports. The growth figures are in contradiction to expectations which was forecasting an economic slowdown, after the Israeli economy contracted 2.7% in the first quarter, according to the most recent assessment.
July CPI reading well above expectations Original
Inflation in Israel has moved above 5% annually and housing prices have risen nearly 18% over the past year. Israel's Consumer Price Index (CPI) rose 1.1% in July, the Central Bureau of Statistics reported this evening, far above the economists' expectations of between 0.5% and 0.7%. Inflation remains at its highest level in Israel for well over a decade. Inflation over the past 12 months is now 5.2%, well above the Bank of Israel's annual target range for inflation of between 1% and 3%.
Shekel at 4-month strongest against dollar
The shekel's rebound comes in the wake of Wall Street's recovery, further fueled over the past 24 hours by the lower than expected US inflation data. The shekel is continuing to strengthen against the US dollar, after the Israeli currency depreciated sharply in the first half of the year, due to falling stock markets overseas and the economic uncertainty which pushed investors towards the safe haven dollar.
Shekel staged strong comeback in July
After weakening sharply in the first half of 2022, the shekel staged a strong comeback in July, outperforming all the world's other currencies against both the dollar and the euro. On Friday alone, the Bank of Israel set the shekel-dollar rate down 1.223% against the dollar at NIS 3.391/$ and down 0.198% against the euro at NIS 3.471/euro.
Shekel staged strong comeback in July
The shekel outperformed all other currencies against the dollar in July and is at its strongest against the euro since October 2000. "Globes" examines why. After weakening sharply in the first half of 2022, the shekel staged a strong comeback in July, outperforming all the world's other currencies against both the dollar and the euro. On Friday alone, the Bank of Israel set the shekel-dollar rate down 1.223% against the dollar at NIS 3.391/$ and down 0.198% against the euro at NIs 3.471/€.
Israel's tech services exports down in May
Israel’s exports of high technology services (excluding transfers overseas of intangible assets) fell by 1.8% in May 2022, in comparison with the previous month, to $4 billion, the Central Bureau of Statistics reports. The category includes drugs, computers, electronic instruments, aircraft, communications, software and other fields, and represents 74% of exports of business services.
Economies under stress: The case of Israel
The state of the Israeli economy is good relative to other countries, among other things thanks to the economy’s size in relation to its excellent human capital. But that isn’t always enough in an extreme scenario. Israel is unlikely to see scenes such as in Sri Lanka, with protesters invading the leader’s residence. Nevertheless, a scenario of economic boycotts of Israel is problematic. The prosperity of the Israeli economy is founded on inward investment and global exports.
Why is inflation in Israel much lower than US and Europe?
The Bank of Israel has examined why annual inflation in Israel is 4.4% compared with 9.1% in the US and 9.4% in the UK. In Israel the rate of inflation in the 12 months to the end of June 2022 was 4.4%, the highest rate since 2008, according to the Central Bureau of Statistics, but still significantly lower than in most developed countries. Annual inflation in Israel is currently less than half the 9.1% in the US and 9.4% in the UK.
In Israel the rate of inflation in the 12 months to the end of June 2022 was 4.4%, the highest rate since 2008, according to the Central Bureau of Statistics, but still significantly lower than in most developed countries. Annual inflation in Israel is currently less than half the 9.1% in the US and 9.4% in the UK.
Israel CPI up 0.4% in June, as inflation edges higher
Israel's Consumer Price Index (CPI) rose 0.4% in June, the Central Bureau of Statistics reported this afternoon, below the economists' expectations of 0.5%. This is the second successive month that the CPI has been below the economists' forecasts. Even so inflation remains at its highest level in Israel for more than a decade.
Israel's Consumer Price Index (CPI) rose 0.4% in June, the Central Bureau of Statistics reported this afternoon, below the economists' expectations of 0.5%. This is the second successive month that the CPI has been below the economists' forecasts. Even so inflation remains at its highest level in Israel for more than a decade.
Shekel rebounds but still down sharply in 2022
Shekels Credit: Shutterstock Vladerina32 JTLV raises NIS 2.1b for third real estate fund Apartments sold and rented The weaker Israeli currency is no longer insulating the country against imported inflation. The shekel has been gaining against the dollar in recent days. The Bank of Israel set the shekel-dollar exchange rate down 0.315% at NIS 3.480/$ on Friday and the rate is down a further 0.54% at NIS 3.461/$ in futures trading today.
The shekel has been gaining against the dollar in recent days. The Bank of Israel set the shekel-dollar exchange rate down 0.315% at NIS 3.480/$ on Friday and the rate is down a further 0.54% at NIS 3.461/$ in futures trading today.
Bank of Israel tackles inflation, but at what price?
Today's interest rate announcement by the Bank of Israel was especially hawkish. In line with its colleagues in the most recent announcement by the US Federal Reserve, the Bank of Israel Monetary Committee is raising interest rates at a pace not seen in more than a decade. In doing so, the Bank of Israel continues to demonstrate determination in tackling inflation, even if it causes a slowdown in the economy, while showing no concerns about a recession.
Bank of Israel raises interest rate by 0.5%
The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has raised the interest rate by 0.5% to 1.25%, as expected, in order to combat rising inflation, which has reached nearly 5% over the past year in Israel. This is the first time that the Bank of Israel has announced a 0.5% rate hike since 2011.
Bank of Israel raises interest rate by 0.5%
The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has raised the interest rate by 0.5% to 1.25%, as expected, in order to combat rising inflation, which has reach nearly 5% over the past year in Israel. This is the first time that the Bank of Israel has announced a 0.5% rate hike since 2011.
Bank of Israel seen raising interest rate on Monday
Rising inflation and widening rate gaps with the rest of the world are expected to push the Bank of Israel into raising the rate for the third time this year. Recessionary concerns with a chilling world global outlook and the political uncertainty in Israel do not support raising the interest rate. Nevertheless, when the Bank of Israel Monetary Committee headed by Governor Prof.
Citizens' Fund investment chief: Our horizon is 40-50 years
With a four-year delay, the Israeli Citizens’ Fund, Israel’s sovereign wealth fund charged with managing the state’s revenues from natural gas production and other natural resources, has been launched, after accumulating NIS 1.14 billion. The fund’s main long-term aim is to find wise investment instruments for the large amounts at its disposal, while avoiding historical mistakes, such as Dutch disease, in which the development of one economic sector causes a decline in others.
Israeli economy contracted at 1.9% in Q1
According to the second estimate released by the Central Bureau of Statistics today, Israel's GDP shrank by 1.9% on an annualized basis in the first quarter of 2022. This is even worse that the first estimate, which indicated that GDP contracted by 1.6% in the first quarter, on an annualized basis. The contraction of the economy in the first quarter of 2022 comes after an annualized growth rate of no less than 15.6% in the fourth quarter of 2021 as Israel exited from the Covid pandemic.
May CPI reading below expectations
Israel's Consumer Price Index (CPI) rose 0.6% in May, the Central Bureau of Statistics reported this evening, below the economists' expectations of 0.7%-0.8% and Goldman Sachs predicted a rise of above 1%. Even so inflation remains at its highest level in Israel for more than a decade.
Is the era of the strong shekel over?
The shekel has weakened by 8.5% against the US dollar since the start of 2022. Even so over the past decade the shekel is 12% stronger against the dollar and one of the only global currencies to have appreciated against the US currency during that time. But trends have been changing in 2022. The markets have fallen sharply and inflation is on the rise, causing the US Federal Reserve to aggressively raise the interest rate, pushing down share prices further.
BoI hikes rate for second successive month
The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has decided on an interest rate rise of 0.4% from 0.35% to 0.7% - a more aggressive rise than it had previously indicated it would implement. The rise is at the higher end of the analysts' expectations and comes despite the first quarter GDP growth figures, which showed the economy shrinking and raised concerns of a slowdown.
Israel's reliance on tech a risk as economic winds change
The initial estimate for Israel's GDP growth in the first quarter reveals that the economy has entered a slowdown, with GDP actually shrinking by an annualized 1.6%. If up to now the technology industry has been the locomotive of the Israeli economy, the current figures, and Minister of Finance Avigdor Liberman's response, now show a problematic picture, to the extent that commentators are talking of the possibility of stagflation, and even a recession.
Israel's GDP shrinks
According to initial estimates, GDP fell by an annualized 1.6% in the first quarter of this year in comparison with the previous quarter. The global shake-up at the beginning of the year as central banks retreated from their expansionary monetary policies has percolated through to the performance of the Israeli economy. After the sharp falls on stock markets that shredded the stocks of several Israeli dream companies, the decline in exports has had its impact on the first quarter growth figures.
CPI up 0.8% in April
Inflation for the twelve months to the end of April was 4%. The Consumer Price Index (CPI) rose 0.8% in April, which is in line with analysts' estimates. According to the figures released by the Central Bureau of Statistics today, the rate of inflation over the 12 months to the end of April was 4%, which is higher than the government's target range of 1-3%. The inflation rate has been above target for the past three months, and is the highest since 2011.
Inflation concerns rise as shekel continues to sink
The shekel continues to weaken sharply. In afternoon inter-bank trading, the shekel exchange rate is up 0.81% against the dollar at NIS 3.466/$ and up 0.91% against the euro at NIS 3.657/€. Yesterday, the Bank of Israel set the representative shekel-dollar rate up 0.556% from Friday, at NIS 3.438/$, and the representative shekel-euro rate was set 1.012% higher at NIS 3.624/€.
Unemployment in Israel hits 50-year low
The unemployment rate in Israel fell to 2.9% in the first half of April, from 3.7% in the second half of March, the Central Bureau of Statistics reports - a 50 year low. There were 120,000 jobseekers in the first half of April, while there were 150,000 job vacancies. At the same time, the unemployment rate under the broad definition fell to 4.4% in the first half of April from 5.3% in the second half of March.
Fast depreciating shekel at 18-month weakest against dollar
The weakening of the shekel against the dollar continues. In afternoon inter-bank trading, the shekel exchange rate is up 0.42% against the dollar at NIS 3.366/$ and up 0.25% against the euro at NIS 3.537/€. Yesterday, the Bank of Israel set the representative shekel-dollar rate up 1.055% from Friday, at NIS 3.352/$, and the representative shekel-euro rate was set 0.441% higher at NIS 3.528/€.
Shekel weakens sharply
The expectation of an interest rate hike in the US this week and falling US stock markets are pushing the shekel-dollar rate higher. The dollar-shekel exchange rate has risen to a level not seen since November 2020, in anticipation of the interest rate announcement by the US Federal Open Market Committee on Wednesday this week (21:00 Israel time), and against a background of falling stock markets.
Unemployment in Israel rose in March
The unemployment rate in Israel rose to 3.7% in the second half of March, from 3.2% in the first half of the month, the Central Bureau of Statistics reports. The unemployment rate in Israel rose to 3.7% in the second half of March, from 3.2% in the first half of the month, the Central Bureau of Statistics reports. There were 160,000 jobseekers in the second half of March, which was similar to the number of job vacancies, so that the Israeli economy is close to full employment.
Shekel weakens sharply against US dollar at opening
Following hawkish remarks on inflation by US Federal Reserve chair Jerome Powell, dollar interest rates are expected to pull ahead of shekel rates. The shekel weakened sharply against the US dollar at the start of trading today. The shekel-dollar exchange rate is currently up 1.76% in comparison with the representative rate set last Thursday, at 3.2736. At least two factors are causing the shekel to weaken.
March CPI reading lower than expected
Inflation in Israel over the past 12 months remains at 3.5%, while housing prices have risen 15.2%. Israel's Consumer Price Index (CPI) rose 0.6% in March, the Central Bureau of Statistics reported this afternoon, below the economists' expectation of 0.8%. Inflation over the past 12 months remains at 3.5%, still well above the Bank of Israel's annual target range for inflation of between 1% and 3%.
Annual inflation in Israel set to climb to 4%
Economists expect the Central Bureau of Statistics to announce tomorrow a sharp rise in the Consumer Price Index (CPI) reading in March. Economists expect the Central Bureau of Statistics to announce tomorrow that the Consumer Price Index (CPI) reading for March rose 0.7%, meaning that the rate of inflation for the past 12 months has risen to 4%, exceeding the top limit of the Bank of Israel's annual inflation range of 1%-3% for the third consecutive month.
"If we let inflation climb, mortgage borrowers will be hurt"
Current Governor of the Bank of Israel Amir Yaron has won the privilege of being the one to normalize interest rates in the Israeli economy, after the failed attempt four years ago by Nadine Baudot-Trajtenberg when she was deputy governor.
Bank of Israel raises interest rate for first time in four years
The Bank of Israel Monetary Committee has decided on an interest rate rise of 0.25% to 0.35%, slightly more than analysts had forecast. The Bank of Israel Monetary Committee has decided on an interest rate rise of 0.25% to 0.35%. This is a slightly larger rise than analysts had expected - the consensus was that the rate would be raised to 0.25% - although there were those who believed that conditions in the economy allowed the central bank's interest rate to be raised immediately to 0.5%.
Moody's upgrades rating outlook for Israel
The international rating agency praises the current government's structural reforms, but notes that its future is now uncertain. International credit rating agency Moody's has affirmed Israel's sovereign rating at A1, and upgraded its rating outlook to "Positive", thanks to Israel's strong fiscal performance and the robustness of its economy. The outlook upgrade means that Israel's rating could be raised at some point within the next two years.
Bank of Israel interest rate hike looks inevitable
With strong growth and inflation above target, anything other than a rate rise in tomorrow's announcement will be very surprising. It will be extremely surprising if the Bank of Israel does not raise its interest rate tomorrow, for the first time since 2018. Israel's strong economic performance, and the inflation reading above the target range for two successive months, leave the central bank with little choice.
Bank of Israel zero forex purchases continue
The Bank of Israel did not intervene in the foreign exchange market in March for the second successive month. The Bank of Israel has published its foreign exchange reserves for the end of march, showing that for the second successive month the bank made no foreign currency purchases in order to moderate the strengthening of the shekel.
Bank of Israel zero forex purchases continue
The Bank of Israel did not intervene in the foreign exchange market in March for the second successive month. The Bank of Israel has published its foreign exchange reserves for the end of march, showing that for the second successive month the bank made no foreign currency purchases in order to moderate the strengthening of the shekel.
Liberman cuts excise tax on fuel
The Finance Minister said that gasoline and diesel prices in Israel will fall by NIS 0.50 per liter with immediate effect. Minister of Finance Avigdor Liberman has announced that excise tax on fuel will be cut with immediate effect, so that a liter of gasoline and diesel will be NIS 0.50 cheaper. The cut comes after fuel prices have risen to an eight year high due to the Russia-Ukraine war.
Unemployment in Israel keeps falling
The unemployment rate in Israel fell to 3.2% in the first half of March, down from 4% in the second half of February, the Central Bureau of Statistics reports. The unemployment rate in Israel fell to 3.2% in the first half of March, down from 4% in the second half of February, the Central Bureau of Statistics reports. There were 136,000 jobseekers in the first half of March, which was similar to the number of job vacancies, so that the Israeli economy is close to full employment.
Unemployment in Israel fell sharply in March
The unemployment rate in Israel fell to 3.2% in the first half of March, down from 4% in the second half of February, the Central Bureau of Statistics reports. The unemployment rate in Israel fell to 3.2% in the first half of March, down from 4% in the second half of February, the Central Bureau of Statistics reports. There were 136,000 jobseekers in the first half of March, which was similar to the number of job vacancies, so that the Israeli economy is close to full employment.
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