A record-breaking 42 Israelis were featured in Forbes’ World Billionaires list for 2024, published earlier this week. The list names Miriam Adelson, the widow of casino magnate Sheldon Adelson, as the world’s wealthiest Israeli. The Jewish mega-philanthropist recently purchased the Dallas Mavericks of the NBA. She still holds shares in Las Vegas Sands, the casino […]
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Leumitech, Bank Leumi’s high-tech banking arm, and IVC, a provider of data, quantitative research, and business information, have published the first data from the Tech Review report for the first quarter of 2024. According to the preliminary data in the report, Israeli high-tech started the year positively, with a higher volume of fundraising and a […]
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The numbers are in, and they are grim. In the three months following the October 7 Hamas attacks on Israel, antisemitic incidents in the United States more than tripled, according to the Anti-Defamation League. The organization documented 3,283 antisemitic incidents between October 7, 2023 and January 7, 2024 an increase of 360% from the same […]
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The Finance Ministry released Wednesday an assessment of the economic cost of the various alternatives for increasing the IDF’s manpower. The study found that higher economic costs stemmed from additional reserve duty rather than from extended regular service. The IDF revealed in February a plan for increasing IDF manpower due to new needs created by […]
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Under the National Insurance Institute law, every three years, the organization’s actuary must present a report containing the forecast and expectation for payments and pensions to the residents of Israel. The institute must also ensure the ability to meet its obligations and the rights granted to citizens by law. The institute’s recent report is tailored […]
Continue ReadingWith a war to finance and COVID-19 expenses still lingering, Israeli taxation is going only one way, which isn’t down. Please don’t shoot the messenger. Value Added Tax (VAT): The standard rate of VAT in Israel will rise from 17% to 18% at the beginning of 2025. This is according to an amendment to […]
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“Smart money should look at Israel,” said Melanie Strum, a top-level private investor who visited the country last week on OurCrowd’s Israel Resilience Tour. Strum, a high-net-worth individual and the founder of Engage to Win, who has been investing in Israel since 2016, said, “When sophisticated markets are down, and other factors that usually affect […]
Continue ReadingDiscount Bank earned NIS 4.2 billion in 2023, a growth of 19.9% compared to the same period. The profit represents a return of 15.7% on equity. In the last quarter of 2023, the bank made a profit of NIS 919 million, a growth rate of 2.1% compared to the last quarter of 2023. The […]
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Israelis taken hostage by Hamas will receive a monthly wage, including receiving compensation retroactively from October 7th, the Knesset Labor and Welfare Committee approved on Monday. The committee, led by MK Israel Eichler, approved the details of an agreement between the Finance Ministry and the National Insurance Institute defining monthly compensation for the hostages’ salaries. […]
Continue ReadingBitcoin hit a new record high of over $72,000 on Monday after topping $70,000 for the first time on Friday. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Bitcoin is a type of […]
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