The month of shopping is upon us, with Black Friday deals unveiled and more anticipated. Consumers are reserving credit lines and cash balances, gearing up for significant benefits that enable them to purchase previously unaffordable products and services. “Black Friday” gets its name from accounting reports where profit lines are in black, contrasting with […]
Continue ReadingAmid global economic shifts, Israel’s financial landscape is undergoing a balancing act. With a potential interest rate cut on the horizon and the shekel’s strengthening, the nation faces both challenges and opportunities. The recent conflict has cast a shadow on business and consumer sentiments, while international trends, especially in the US, add an extra […]
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The Israeli government is gradually getting its act together in providing financial support for people and businesses. Here is a brief update as of Tuesday. It is not complete as the measures are still evolving. Evacuees: Relocation grants are to be paid automatically by the National Insurance Institute (NII) into the bank accounts of evacuees […]
Continue ReadingKibbutz Nir Am has turned to the Israeli and world community at large through a crowdfunding initiative aimed at raising NIS 1 million for its rehabilitation and recovery after the Hamas massacre a month ago. Nir Am, positioned close to the Gaza border, managed to avert an incursion and safeguard its residents from harm, […]
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A group of ultra-Orthodox women have launched an English-language website dedicated to the victims of the Hamas massacre, allowing anyone from around the world to send condolences to the families of those who were killed on October 7. The website includes most of the names of the more than 1,400 Israelis who were killed, with […]
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There have been numerous instances in the past where the public has been taken aback by revelations about various banks. Typically, these revelations come from journalists and news outlets. However, this time, it was an unexpected source. On her Instagram account, influencer Einav Booblil disclosed that the B’Tselem organization maintains a bank account with […]
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More than two weeks into the war in Israel’s South, tens of thousands of evacuees have sought shelter in hotels across the country, yet the hotels have not received payment for housing these displaced individuals. One hotel owner warned, “If we don’t receive payment promptly, we may have to ask the evacuees to leave, […]
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The Orthodox Jewish Chamber of Commerce (OJC), along with its partners, is calling for “a widespread boycott of Starbucks,” after the company’s union voiced support of Hamas. This, the OJC is arguing, “will send a strong message against the normalization of violence and hatred.” The OJC‘s boycott comes in response to Starbucks Workers United […]
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The Bank of Israel is making broad efforts to keep the shekel from depreciating further as it manages market instability as a result of the ongoing conflict with Hamas in Gaza. During a meeting with financial forecasters on Tuesday, Bank of Israel Deputy Governor Andrew Abir elaborated upon the Bank’s foreign exchange sale program […]
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During a special cabinet meeting on Monday, Finance Minister Betzalel Smotrich made it clear that there would be no budget constraints for the needs of the IDF and security forces in pursuit of their wartime objectives and supporting families affected by the conflict in southern Israel. “My directive as the finance minister and as […]
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