With 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 […]
Continue ReadingFor over a month and a half, bitcoin stock has been only been going in one direction – up. This is roughly a 50% increase, investors are left wondering how long it will continue in this direction. Bitcoin, in the simplest terms, is a cryptocurrency. It isn’t held in the bank, but it is […]
Continue ReadingFinance Minister Bezalel Smotrich (Religious Zionist Party) on Wednesday authorized a new public committee on the structure of the IDF and the defense budget to examine IDF pensions. He announced his approval in a letter to Likud MK Hanoch Milwidsky, who published it on his X account. The move followed repeated calls by Milwidsky. […]
Continue ReadingFinance Ministry Director-General Yali Rothenberg completed a public issuance of US bonds in the international markets totaling $8 billion. This came as a reaction to the high demand for Israel’s US bond issuance. In the issuance, demands reached approximately $38 billion, the highest in Israel’s history. Three new bonds were issued for terms of […]
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Israeli banks said on Monday they were heeding US sanctions against four West Bank settlers accused of violence against Palestinians, despite calls by the finance minister and another far-right cabinet member not to comply. In a signal of Washington’s growing displeasure with Israeli conduct in the occupied territory even as the allies cooperate in the […]
Continue ReadingThe Bank of Israel announced that the interest rate will remain unchanged and will continue to stand at 4.5%. This decision comes despite last month’s first recorded 0.25% decrease since the coronavirus outbreak in April 2020. According to Amir Yaron of the Bank of Israel, “The interest rate decision weighs several factors. Some of […]
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