Category: Finance

There will be significant changes in how Israel’s 2025 budget will be formulated compared with how they usually are, Finance Minister Bezalel Smotrich said Sunday. Talks on the budget will commence following Shavuot, he said. Presentations on the budget will be held during two focused days instead of over the course of months, as they […]

Dani Naveh, president and CEO of Israel Bonds/Development Corporation for Israel, detailed the organization’s actions and advocacy on Israel’s behalf at the Jerusalem Post Conference in New York City on Monday.“When you buy a bond, you build a bond with Israel,” Naveh said. Israel Bonds has raised more than $52 billion in worldwide sales for […]

Anat Katz, Head of the Government of Israel Economic Mission in New York, delivered an address during the Jerusalem Post 2024 Annual Conference. Her focus on the economy’s vital role in stability resonated amidst a lineup of esteemed speakers, offering a grounded perspective on Israel’s economic landscape. Katz emphasized the crucial link between a robust […]

Hanan Friedman, President & CEO of Bank Leumi, speaking at the Jerusalem Post Annual Conference in New York, told attendees that now is the ideal time to invest in Israel ­– not only for Zionistic reasons, but because of the financial upside. He urged attendees to spread the word and continue to believe and invest […]

Amir Yaron, Governor of the Bank of Israel, said that the economic measures taken by the Bank at the outset of the war have succeeded in creating stability in the foreign exchange and financial markets. Yaron will be addressing the Jerusalem Post Annual Conference in New York on June 3. “The Israeli economy has the […]

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 […]