Israel’s next economic test

Beyond the immediate uncertainty, whoever forms the next government will inherit mounting fiscal pressures, high living costs, labor shortages and brain drain.

Jack Dutton
Jack Dutton
Oct 28, 2026
Small notes are left all over the floor at the conclusion of the Likud Party election-night event at the International Convention Center on Oct. 28, 2026, in Jerusalem, Israel. — Alexi J. Rosenfeld/Getty Images

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Israel’s deadlocked elections sent markets lower while Houthi attacks on Riyadh continue, with the Iran-backed rebels targeting the kingdom’s largest oil refinery this week. Meanwhile, the UAE and Canada bolstered economic ties on Tuesday, announcing a new trade agreement.

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Jack (@jackvdutton)

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