Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was martyred in an Israeli drone strike on the outskirts of Nabatieh al-Fawqa
Al Mayadeen's correspondent: The death toll in the al-Bureij camp massacre has risen to 19
Nicolas Maduro: Maria Corina Machado and imperialism wanted to spread violence and chaos so there would be no elections.
Venezuelan President Nicolás Maduro: We were able to neutralize 60 attacks on oil refineries and oil facilities and arrest more than 70 individuals involved.
CNN citing sources: Talks between Washington and Tehran are close to reaching a comprehensive agreement that could be concluded during the next meeting.
US Secretary of State: Washington will begin revoking visas for Chinese students affiliated with the Communist Party or studying in sensitive fields.
Israeli media: Western diplomats: There is a possibility that the US administration will sign an interim agreement or understanding with Iran.
Hamas: We affirm that we are making great efforts to stop the barbaric war on the Gaza Strip.
Hamas: We reached an agreement with Witkoff that includes the flow of aid and a professional committee taking over the management of the Gaza Strip's affairs immediately after the deal is announced.
Hamas: The agreement with Witkoff includes the release of 10 Israeli prisoners and bodies in exchange for the release of a number of Palestinian prisoners.

Millionaires exodus deal mighty blow to Israeli economy: Israeli media

  • By Al Mayadeen English
  • Source: Israeli media
  • 9 Apr 2025 00:15
  • 2 Shares
3 Min Read

Israeli media reported that 1,700 millionaires have fled "Israel" during the past year as the occupation continues to wage wars in the Middle East.

Listen
  • x
  • Travelers line up for check at Fly Dubai airline counter at Ben Gurion International Airport in Lod, Israel, Sunday, Nov. 10, 2024 (AP)
    Travelers line up for check-in at Fly Dubai airline counter at Ben Gurion International Airport in Lydd, occupied Palestine, on Sunday, Nov. 10, 2024. (AP)

Thousands of Israeli millionaires have left "Israel" in the past year, Israeli media reported on Tuesday.

Israeli Channel 13 revealed that in the past year, 1,700 millionaires have fled "Israel", with experts warning that this exodus deals a significant blow to the regime's economy.

In a similar context, Ynet reported that around 8,300 workers in the hi-tech field left "Israel" between the start of the war in Gaza and July 2024, which constitutes around 2.1% of the workers in this industry. 

According to the report, those who left make up roughly 2.1% of "Israel's" entire high-tech workforce—a figure described as "deeply alarming," reflecting the troubling state of the sector in 2025.

This comes as "Israel" faces more and more economic crises, severely exacerbated by a weakened economy following more than a year of war and, more recently, tariffs imposed by the United States.

On April 4, dubbed "Liberation Day" by Donald Trump, the United States announced tariffs targeting both allies and adversaries alike, just one day after "Israel" removed its remaining customs duties on American imports.

In detail, Israeli Minister of Finance Bezalel Smotrich signed a directive ordering the revocation of all tariffs imposed by "Israel" on the United States, stating that “fully eliminating tariffs on imports from the US is an important step to safeguard the Israeli economy during a sensitive period and to strengthen the economic relationship with our most important ally – the US."

Related News

EU sought ship, port, energy ties in nixed proposal to Trump: Report

Trump announces 50% tariffs on EU, says he's not seeking a deal

Nevertheless, Israeli goods were slapped with a 17% tariff, marking one of the harshest penalties imposed on US trade partners.

Tariffs hit as Israeli economy plunges

Moody’s Investors Service warned of "Israel’s" “very high political risks that have weakened economic and fiscal strength," Israeli media reported late March.

Moody’s said in a regular update report on the occupation entity’s credit rating that “uncertainty over Israel’s longer-term security and economic growth prospects is much higher than is typical, with risks to the high-tech sector particularly relevant, given its important role as a driver of economic growth and significant contributor to the government’s tax take."

The report noted that these negative developments could significantly impact the government’s finances and lead to further deterioration in institutional quality.

The Jerusalem Post reported on February 11 that "Israel's" economy continued to struggle in the second half of 2024, as its war on Gaza deepened financial instability and eroded investor confidence. According to the Bank of Israel's latest financial stability report, macroeconomic risks remain high despite minor improvements in credit and asset pricing.

The central bank's risk assessment, which evaluates the exposure of "Israel's" financial system to macroeconomic challenges, found that economic instability persisted due to the security situation. The report pointed to the war's impact on global perceptions of "Israel's" economy, affecting businesses, government finances, and borrowing costs.

The observations align with projections from the International Monetary Fund (IMF), which recently revised "Israel's" 2024 GDP growth forecast down to 0.7%, citing regional conflicts and heightened uncertainty as major concerns.

Despite a somewhat modest GDP growth following a contraction at the end of 2023, "Israel's" economy has yet to regain its expected trajectory.

  • tariffs
  • Israel
  • Israeli economy

Most Read

US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
Rep. Randy Fine, R-Palm Bay, answers a question about his House Bill 3-C: Independent Special Districts in the House of Representatives April 20, 2022, at the Capitol in Tallahassee, Florida (AP/Phil Sears)

GOP lawmaker says Gaza needs same end as WWII Japan, with nukes

  • MENA
  • 23 May 2025
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
Iran advisor reveals details of US-Iran nuclear talks to Al Mayadeen

Iran advisor reveals details of US-Iran nuclear talks: Al Mayadeen

  • MENA
  • 24 May 2025

Coverage

All
War on Gaza

Read Next

All
Musk
US & Canada

'Off-boarding will begin tonight': Musk out of Trump administration

Britain's Prime Minister Keir Starmer speaks during a press conference at a military headquarters in north-west London, Thursday, May 22, 2025, following a deal on the Chagos Islands. (AP Photo/Thomas Krych, pool)
Palestine

UK considers sanctions on Ben-Gvir, Smotrich over 'Gaza crisis'

US distances itself from Gaza aid group under scrutiny
Palestine

US distances itself from Gaza aid group under scrutiny

'Child killer' painted on Gal Gadot's Hollywood star
Palestine

'Baby killer' painted on Gal Gadot's Hollywood star

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS