The 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 […]
Continue ReadingRami Levy, CEO of the brand named after him, has called a shareholders’ meeting to approve improved employment terms for himself and his daughter Yafit Atias Levy, who serves as the marketing deputy manager in the chain. The purpose of the meeting is to approve Yafit Levy’s salary to NIS 643,000, compared to NIS […]
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Israel bonds are a smart investment with strong rates and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide. “When you buy an Israel bond you’re connecting to Israel, and the more people we can connect to Israel, the more positive messages we can send,” says […]
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In an unprecedented legal proceeding, the American government opened an investigation into Finkelstein Metals and is examining the government’s conduct, Maariv reported Wednesday morning. According to the American authorities, grants received by the company due to activities in a development zone constitute a prohibited government subsidy, and they allowed the company to sell its products […]
Continue ReadingIsrael plans to take out a loan of $60 billion, freeze hiring in government offices, and raise taxes in order to pay for the ongoing war in Gaza, the Finance Ministry’s chief accountant, Yali Rothenberg, as reported by the Financial Times. Currently, the country is facing a major economic crisis, with major expenses due […]
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Bank Hapoalim and Bank Leumi will each pay a fine of NIS 1 million, and Isracard will pay a fine of NIS 250,000, the Bank of Israel announced. This comes as part of financial sanctions against banks due to service disruptions and consumer issues, which were investigated by undercover Bank of Israel officials. Bank Hapoalim […]
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Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]
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College students have a lot on their plate already, including the need to study to get good grades, participating in any number of on-campus activities and potentially working part-time to have some spending money. That said, college students should also focus on their financial future, including steps they can take to build credit before they […]
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Sarit Tabib Milman, an organizational consultant for the nonprofit and the public sector, was set to start four projects prior to the onset of the Israel-Hamas war. She also had ongoing retainer agreements with two organizations. But October 7 changed everything. “I found myself after October 7 with almost nothing in my hand,” Milman said. […]
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The US recently signed on a special presidential order against four Israeli settlers involved in violence against Palestinians in the West Bank: Shalom Zicherman, Yinon Levi, David Chai Chasdai, and Einan Tanjile. According to the order, the four were involved in arson that led to harm to human life, threats against Palestinian farmers who abandoned […]
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