UBS company says average wealth in Israel last year increased

Israel was ranked 18th in the UBS Global Wealth Report with an average wealth of $260,000 per adult in 2023, up 14% from 2022, well above the average growth worldwide of 4.2%. According to the Swiss bank, the growth of median wealth in Israel was much weaker, indicating that wealth is growing at a much […]

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Bank Leumi’s service revolution continues with WhatsApp access

Bank Leumi announced Thursday another step in its service revolution. In a precedent-setting step in the Israeli banking system, the bank’s customers – both private and business –  will receive the personal phone number of the manager or manager of the branch where their account is managed, and can contact them directly via WhatsApp for […]

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Bank of Israel explores digital Shekel amid global CBDC trends

The Bank of Israel (BOI) remains committed to plans for a digital Shekel currency to improve Israel’s payments system and foster innovation, but is unlikely to launch one ahead of other advanced economies. “We’re all waiting for the first western central bank to pull the trigger, which is almost certainly going to be the […]

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Israel transfers $116 million of withheld tax revenue to Palestinians

Israel transferred 435 million shekels ($116 million) of withheld tax revenue to the Palestinian Authority, the first such transfer since April, the Israeli and Palestinian finance ministries said on Wednesday. Israel collects tax on goods that pass through Israel into the West Bank on behalf of the Palestinian Authority and transfers the revenue to Ramallah […]

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Israel Bonds provides a financially smart solution for combatting BDS

As campus demonstrations and protests in city streets across the world dominate headlines, the resurgence of the Boycott, Divestment and Sanctions (BDS) movement has amassed a significant following since the horrific October 7 attacks on Israeli civilians and the ongoing war against Hamas. Despite outwardly presenting itself as a grassroots movement to pressure Israel to […]

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Financial Peace University vs. True Financial Freedom vs. Crown Financial MoneyLife

Home » Debt » Financial Peace University vs. True Financial Freedom vs. Crown Financial MoneyLife I recently completed three of the top Christian financial education programs for churches: SeedTime’s True Financial Freedom, Dave Ramsey’s Financial Peace University, and Crown Financial’s MoneyLife. These popular programs all claim to help you get control of your finances from […]

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Finance Minister Smotrich announces changes to Israel’s 2025 budget

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 […]

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‘When you buy a bond, you build a bond with Israel’

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 […]

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Israel’s Economic Resilience: Anat Katz’s Insights at the Jerusalem Post

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 […]

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