Category: Finance

More than two weeks into the war in Israel’s South, tens of thousands of evacuees have sought shelter in hotels across the country, yet the hotels have not received payment for housing these displaced individuals. One hotel owner warned, “If we don’t receive payment promptly, we may have to ask the evacuees to leave, […]

The Orthodox Jewish Chamber of Commerce (OJC), along with its partners, is calling for “a widespread boycott of Starbucks,” after the company’s union voiced support of Hamas. This, the OJC is arguing, “will send a strong message against the normalization of violence and hatred.” The OJC‘s boycott comes in response to Starbucks Workers United […]

The Bank of Israel is making broad efforts to keep the shekel from depreciating further as it manages market instability as a result of the ongoing conflict with Hamas in Gaza. During a meeting with financial forecasters on Tuesday, Bank of Israel Deputy Governor Andrew Abir elaborated upon the Bank’s foreign exchange sale program […]

During a special cabinet meeting on Monday, Finance Minister Betzalel Smotrich made it clear that there would be no budget constraints for the needs of the IDF and security forces in pursuit of their wartime objectives and supporting families affected by the conflict in southern Israel. “My directive as the finance minister and as […]

The head of Israel’s parliamentary finance committee on Monday called on Bank of Israel Governor Amir Yaron to lower short-term interest rates as one measure to help ease the burden on citizens impacted by the Israel-Hamas war. “The interest rate increases were due to inflation, and the reality has changed. I turn to the […]

“Procrastination is one of the most common and deadliest of diseases and its toll on success and happiness is heavy,” Wayne Gretzky. In a few hours, we will finish Simhat Torah, meaning that the holiday season will be over. Now we try and take our feeling of being spiritually cleansed plus the pure joy […]

If you buy or sell a home in Israel, your tax will be higher if you are married or living together as a common-law couple, than if you are single, according to the real estate tax law. That is unless you have a prenup or postnup and meet certain other conditions, according to Supreme […]

The Israeli fintech industry, known for its vibrant and innovative ecosystem, has seen more than a 73% drop in funding in 2023, further exacerbating concerns surrounding the effects of the global economic crisis and local turmoil brought on by the government’s controversial judicial reform plans. A recent report from Fintech.IL, in collaboration with the […]

Communications infrastructure company IBC Unlimited announced today the signing of a financing agreement with Migdal Insurance and Finance and Discount Bank to provide an additional credit line of NIS 450 million. The financing will be equally provided by Migdal and Discount. The financing agreement represents another layer in the cooperation between Migdal and IBC […]

Payment fraud has emerged as one of the most significant threats facing companies worldwide, with losses amounting to billions of dollars. More than two-thirds of US corporate finance departments have reported various forms of breaches over the past year, resulting in both financial losses and severe damage to their reputation. These findings were released […]