Category: Finance

Bank Leumi published its financial statements for Q1 2024 on Tuesday. Net income in the first quarter of 2024 amounted to approximately NIS 2.8 billion ($761 million), compared to NIS 981 million ($267 million) in the corresponding period last year. The bank will distribute a cash dividend of NIS 835m. ($227m.) and is launching an […]

Bank Leumi (TASE: LUMI) published its financial statements for Q1 2024 on Tuesday. Net income in the first quarter of 2024 amounted to approximately NIS 2.8 billion ($761 million), compared to NIS 981 million ($267 million) in the corresponding period last year. The bank will distribute a cash dividend of NIS 835 million ($227 million) […]

It has just been announced that the relentless climb in inheritance tax receipts in the UK continued in 2023, with a record £7.5 billion in taxes received by HM Revenue & Customs. This represents a tripling in the amount paid over the past 15 years. According to Britain’s Office of Budget Responsibility, inheritance tax could […]

Bank Leumi will open a special department within its Corporate Division aimed at financing national infrastructures, the bank announced Thursday. “The Bank has set its sights on leading the field of financing of national infrastructures in Israel, and we are working to achieve this with a special emphasis on ESG aspects,” said Liat Shuv, Head […]

Partial data from Israel’s Central Bureau of Statistics indicates that average wages for Israeli employees went up by 3.5% in March when compared to March of 2023. Israel’s inflation was around 2.7% in that time frame, meaning that the increase in real average wages was not very large. Real wages are wages adjusted for inflation. […]

Thursday, 2 May 2024 • 7 pm Israel Time|12 am EST Seventh months into the war, what is the economic impact of the October 7 massacre perpetrated by Hamas and the ensuing military operation in Gaza on Israel’s economy? According to David Zaikin, founder and CEO of the Key Elements Group, the Jewish state has […]

Crypto investments have their ups and downs. Sometimes people make profits, sometimes losses. But that is not the only challenge. If you make a profit, paying tax on crypto currency (e.g. bitcoin) profits isn’t easy. The Israeli Tax Authority (ITA) generally only accepts Shekels from an Israeli bank. But Israeli banks typically refuse outright to […]

Last week, the world stood on edge as Iran declared an unprecedented attack against the State of Israel, Israeli authorities reported that 99% of more than 300 incoming missiles and drones were shot down, but the overnight defensive operation, Iron Shield, represents years of research and development, education, and ability to think outside the box. […]

The Tel Aviv Stock Exchange closed high Sunday afternoon after a slight drop earlier in the day. The market opened slightly high Sunday morning before falling modestly in what was a largely calm day, following the huge Iranian attack on Israel in the early hours of Sunday morning. Hundreds of drones and missiles were launched […]