Category: Finance

The government will debate a proposal for the 2025 budget on October 31, a spokesperson for Finance Minister Bezalel Smotrich, said earlier this week. This delay could mean that the budget is not passed by the end of 2024, the spokesperson added. The October discussion is later than intended, as Smotrich previously said he intended […]

The wandering people often has tax links in more than one country. Below we report on some Israel- related tax happenings in the USA and France. USA – war relief available: The Internal Revenue Service has announced new relief for taxpayers affected by terrorist attacks in Israel. In practice, this includes US immigrants (Olim). In […]

The Bank of Israel (BoI) will keep short-term interest unchanged for a sixth straight policy meeting on Wednesday, as markets maintain their view that rising inflation due to the Israel-Hamas war will not lead to lower rates until next year. All 14 economists polled said they expected the central bank to hold its benchmark rate […]

As we recently celebrated Rosh Hashanah, it’s worth highlighting a few bright spots in Israel’s economy—many surprisingly strong—that offer some optimism amid the current challenges. Much of Israel’s economic success is often underreported, even as we face the ongoing burdens of war. Last Friday, Moody’s downgraded Israel’s internal shekel-based credit rating and its external foreign […]

Moody announced on Friday that it was downgrading Israel’s credit rating from A2 to Baa1 with a negative outlook. This is the second time they had downgraded Israel’s credit rating during the war, with the previous time being in February when it was downgraded from A1 to A2. Israel has been undergoing serious financial stress […]

The Universities Superannuation Scheme (USS) sold nearly £80 million of Israeli assets after increasing pressure from its members, according to a Financial Times report on Thursday. The USS is the largest private pension fund in the UK, worth around £80 billion, and has more than 500,000 members. The FT reported that USS has sold off assets, including […]

In 2023, more Israelis left the country for extended periods and did not return, the Central Bureau of Statistics (CBS) reported the last week of September. Most of those who left were men, predominantly single, and between the ages of 25 and 44. Those who have already left or are planning to do so might […]

OpenAI’s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The details of the conditions of the […]

Customer-centricity requires thoughtful research and planning to understand people’s wants, needs, and realities when it comes to their financial lives and beyond. Sistema.bio in India uses a customer-centric approach to offer rural women biodigesters at affordable prices using carbon credits.   Meeting women’s financial needs and specific challenges is especially important Customer-centricity is particularly crucial […]