Category: Business

Los Angeles implemented a so-called “mansion tax”. At a rate of 4% for real estate purchases between 5 and 10 million dollars and 5.5 percent for properties over ten million dollars. All in all, the tax is expected to bring in about 670 million dollars of revenue. The money is mend to finance affordable housing […]

Mekorot, Israel’s national water company, published its financial statements for the first quarter of 2023 yesterday, showing a net profit of NIS 51 million, compared with a net profit of NIS 75 million for the same period last year. The decline in net profit was due to an expenditure of NIS 50 million, as part […]

Entrepreneur and philanthropist Eitan Neishlos, considered one of the up-and-coming Jewish leaders of tomorrow, is the founder and president of Neishlos Capital and its philanthropic wing, Neishlos Foundation, which utilizes scalable and sustainable philanthropy to fight for Israel, combat antisemitism and promote the values of the Abraham Accords – tolerance, multiculturalism and coexistence. Neishlos will […]

Recent political events, and the economic climate, have spurred reports about leading Israeli tech companies taking action to withdraw money from Israel, and dozens of other CEOs – and private citizens – looking for ways to secure their financial future and savings.  According to reports, the number of companies opening bank accounts outside Israel is […]

Ram Belinkov, former director-general of the Finance Ministry under former finance minister Avigdor Liberman, sharply criticized Finance Ministry officials recently, saying that most of them are silent like a flock of sheep. At the farewell ceremony for Shira Greenberg, the chief economist at the Finance Ministry, an unusual incident happened when Belinkov attacked senior officials […]

Israeli-Arab content creator Nas Daily has recently unveiled his innovative business venture aimed at helping content creators generate income while being offline. In a one-minute video, Nas expressed concerns about the financial struggles faced by media companies, including his own and the lack of monetization opportunities for creators despite the explosive growth of social media. […]

Gas prices will rise by four agurot per liter and milk prices will rise by 1% on Wednesday night, as the price of living continues to rise in Israel. Gas will reach NIS 6.85 per liter for self-service 95-octane benzine. Full service fueling will cost an extra 21 agurot. In Eilat, where there is no […]

After two years of the housing loan and mortgage industry being on a high, which made purchasing a residential apartment possible, the banks are now experiencing a significant decrease in mortgage borrowing, which dropped from NIS 13.4 billion in March of last year to NIS 4.6b. in April. The low number of new mortgages, even […]

An all-private astronaut team of two Americans and two Saudis, including the first Arab woman ever sent into orbit, headed for splashdown off Florida’s coast on Tuesday, capping an eight-day research mission aboard the International Space Station (ISS). The SpaceX Crew Dragon vessel carrying the foursome, undocked from the ISS late on Tuesday morning to […]

New Central Bureau of Statistics data on the difficulty the average Israeli faces when it comes to purchasing an apartment in Israel was recently released at the Magdilim Group’s annual real estate conference, held on 3 May.  The statistics indicated that there are differences between various regions in Israel. Dr. Larisa Fleishman, who directs the […]