Knesset approves salary compensation for Gaza hostages

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. […]

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Finance Minister Smotrich okays IDF pensions examinations

Finance 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. […]

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The recent demand of US bonds in Israel conveys hope for the economy

Finance 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 heed US anti-settler sanctions, far-right ministers object

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 […]

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Israeli interest rate remains at 4.5%, expert discusses financial plans

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 […]

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Israeli grocer Rami Levy and his daughter get major salary raises

Rami 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 the best connection between the Diaspora and Israel’

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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Israeli company making Iron Dome parts under investigation by US

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 […]

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