Category: Finance

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 […]

Have you ever wondered what a 9-figure amount looks like? It’s a sum of money too big to ignore, with a whopping total of 100 million to less than 1 billion. Discover more about this colossal figure and the wealth it represents When we mention nine-figure sums, we’re talking about a truly astronomical level of […]

Certificates of Deposit (CDs) work similarly to online savings accounts or money market accounts in terms of offering great returns with zero risk. The difference is, CDs “lock your money up” for a specified period of time. To access your funds before the term ends, you’ll have to pay a penalty. Although CDs offer less […]

I’ve written about this previously, that Britain’s late chief rabbi Lord Jonathan Sacks, in his weekly article on the Torah portion, wrote about “The Courage to Admit Mistakes.” He wrote: “Some years ago I was visited by the then-American ambassador to the Court of St James, Philip Lader. He told me of a fascinating project […]

The government published a draft bill this week which proposes to clarify who is a resident for Israeli tax purposes. This is not the same as citizenship, religion or national insurance status. The bill would be especially important to tourists who spend lengthy periods in Israel and anyone who relocates abroad from Israel for work/family […]

On Tuesday Israel’s sovereign credit rating was lowered by credit rating agency Morgan Stanley, and a special report on Israel’s economy is expected to be announced late Tuesday night, following the Knesset’s vote to pass the first law of its controversial judicial reform on Monday. Morgan Stanley updated Israel’s sovereign credit to a “dislike stance,” […]

Isracard credit card is reaching out to teens and young adults by launching a digitally loaded card called Netanchik. The card allows transactions up to NIS 1,000 at a time and can be recharged up to a maximum amount of NIS 4,000 per month.  The card can be integrated into a digital wallet, and its […]