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Search resuls for: "Leo Leiderman"


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In a letter to Netanyahu and Finance Minister Bezalel Smotrich, the economists - including former Bank of Israel Governor Jacob Frenkel - said expenses as a result of the conflict would cost at least tens of billions of shekels. These funds were highly contentious within the finance ministry since much of the funds were aimed at encouraging ultra-Orthodox men to not join the workforce. "The government must face the challenges as soon as possible and try to restore the citizens' trust in its ability to do so. Netanyahu's office did not immediately comment while a spokesman for Smotrich said there will be a change in reallocating state funding. ($1 = 4.0404 shekels)Reporting by Steven Scheer; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Netanyahu, Netanyahu, Bezalel Smotrich, Jacob Frenkel, Smotrich, Eugene Kandel, Leo Leiderman, Bank Hapoalim, Steven Scheer, Jonathan Oatis Organizations: Finance, Bank of Israel, Bank, Reuters, Thomson Locations: Gaza, Israel
The cost to Israel's economy of its war with Hamas militants will be unlike anything it has experienced in decades. "This is not a hit for contractors or industrialists alone," said Raul Sarugo, president of the Israel Builders' Association. Israel was blindsided on Oct. 7 by Hamas gunmen from Gaza who rampaged through border towns in the deadliest attack on civilians in its history. The conflict has also halted the movement of thousands of Palestinian labourers from Gaza to Israel and curtailed the flow from the occupied West Bank. The Economy Ministry created a war room and put out a call for help.
Persons: Raul Sarugo, Israel, Netanel Shraga, Barak Klein, ThetaRay, Erel Margalit, Dror Bin, We've, Bin, Leo Leiderman, Amir Yaron, Yaron, Steven Scheer, Ari Rabinovich, Toby Chopra Organizations: Hamas, Israel Builders ' Association, West Bank, Columbia, HIGH, TECH, Factories, Israel Innovation Authority, Ministry, Bank Hapoalim, Israeli Finance Ministry, Reuters, of Israel, Thomson Locations: Israel, Gaza, Israel's, Iran, Lebanese
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