Category: Finance

As of May 2023, the average nominal wage across the economy stood at approximately NIS 12,440, according to data provided by the Central Bureau of Statistics (CBS), representing a notable 6.2% increase when compared to May 2022. The annual growth rate of the nominal wage, analyzed on a seasonal basis using the quarterly average change […]

Passive income refers to earnings derived from an enterprise in which a person is not actively involved on a daily basis. Unlike active income, where earnings are directly linked to the amount of work performed, passive income flows whether you are working, sleeping, or vacationing. As Robert Kiyosaki (2017) explains in his best-selling book “Rich […]

In just a few days, I’ll celebrate 31 years of living in Israel! As I’ve mentioned many times, I came straight out of university and landed here with nothing other than a suitcase and some books. While it wasn’t easy at first and it took a bit of time to land a stable job, I […]

The long awaited renewal of tax breaks for investors in start-ups has been enacted (Law for the Encouragement of Technology Industry (Temporary Provisions) 2023 – Book of Laws 3071, July 31, 2023). Will it save the Israeli tech sector now in the doldrums? Below is a short summary of the latest law, nicknamed the Angels […]

Imagine this: You’ve just received an incredible job offer with a pay rate of $35 per hour. Sounds amazing, doesn’t it? But then, a question pops into your mind: what does that amount to in a year? Suddenly, you find yourself entering a world where numbers come alive, swirling and dancing to the beat of […]

Having a million dollars may seem like the impossible dream, particularly if you’re starting from zero. But the fact that there are more than 22 million millionaires in the US already means it’s doable. After all, if at least 22 million people can do it, so can you. All you need are the right strategies […]

A new partnership between Swiss-Israeli fintech startup Okoora and global payments platform Paysend aims to transform the way international payments are conducted within the Israeli market. Okoora’s Automated Business Currency Management (ABCM) platform, powered by artificial intelligence, is at the heart of this collaboration. The platform offers a cloud-based solution that aims to streamline the […]

Tens of thousands of young adults who are designated for the draft are recruited into the IDF each year in three main recruitment cycles: in March, August, and November. Thousands of them will become soldiers in mandatory service already in the current cycle, which began last week (July 31) and will end in early September […]

The Israeli start-up platform Israeli Mapped in NY rang the opening bell to start the New York Stock Exchanges trading session last month at a festive event showcasing the strength of the Israeli high-tech community in the city. Israeli Mapped founder and CEO Guy Franklin hosted the ceremony alongside NYSE president Lynn Martin and executives […]

Citi on Thursday trimmed its 2023 and 2024 growth estimates for Israel’s economy, citing lower investment stemming from the government’s planned judicial reform while saying GDP and credit ratings would also suffer in the medium term. Economist Michel Nies at the bank reduced his growth forecast this year to 3.1% from 3.3% and in 2024 […]