Category: Finance

Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term to safeguard the bank’s independence and provide reassuring stability to an economy rattled by political turmoil this year. Yaron has not shied away from criticism of the divisive judicial overhaul plan pushed by Netanyahu’s national-religious […]

Mekorot, Israel’s National Water Company, achieved a significant milestone this week as it successfully completed the institutional phase for negotiable bonds, expanding its Series 11 Bonds.  The company, responsible for managing Israel’s water supply, witnessed an overwhelming demand that reached NIS 1.8 billion, which is three times the initially planned issuance.  Mekorot successfully raised […]

Israeli actress Gal Gadot’s mac and cheese company Goodles has raised $13 million in Series A round funding, according to an exclusive report by Fortune magazine on Monday. Series A round refers to when a company, in this case, Goodles, has its first significant round of venture capital financing. It can then sell its […]

Home » Student Loan Refinance » Which Debts Should You Pay Off First — Credit Cards or Student Loans? Having more than one type of debt is common, and that’s especially true once you graduate from college and start your first “real job.” You may have credit card debt, an auto loan, and a mortgage […]

Affinity Partners headed by Jared Kushner, the son-in-law of former US president Donald Trump, will invest about NIS 570 million for the continued development of vehicle and credit activities of Shlomo Group. This will be the first investment in an Israeli company by Affinity Fund, which was founded by Kushner in 2021. Saudi Arabia, which […]

In the face of mounting economic challenges and soaring living costs, a significant portion of the population is grappling with the prospect of cutting back on holiday expenses. A recent study conducted by the Friendship Foundation has shed light on the financial hardships experienced by many, revealing that 43% of the Jewish public in Israel […]

ThetaRay, the leader in next-generation AI-powered secure global payments with offices in New York, Madrid, London, Dubai, and Tel Aviv, today announced a significant growth round led by Portage, with investments by existing investors JVP, OurCrowd, and others. The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant […]

The Bank of Israel confirmed on Monday that the country’s key interest rate will remain steady at 4.75%, aligning with expert forecasts. This marks the second consecutive time that the Bank has opted to keep interest rates unchanged, following a series of 10 consecutive hikes starting in April 2022. As noted, the decision is in […]

The EU Court of Justice recently issued a VAT judgment that not only takes a last blast at Britain, it also causes collateral tax damage to Israeli and other non-EU online platforms if they supply services to EU consumers. The case concerns Fenix International (CJEU C-695/20 of February 28, 2023). Israeli, US and other e-commerce […]

The Israel Tax Authority (ITA) issued Circular 1/23 on August 17 (backdated to February 12), regarding the process for requesting a bilateral agreement between the ITA and the tax authority of another country under a tax treaty. Israel has income-tax treaties with 61 countries, including the US, the UK, Australia, Canada, South Africa, and the […]