Category: Finance

The World Bank’s recent Global Economic Prospects for 2024 project that, by the end of 2024, people in about 25% of developing countries and about 40% of low-income countries will still be poorer than they were in 2019 before the pandemic. Since implementation of the CGAP VII Strategy began in July 2023, we have continued […]

“Strolling through the market in Harare, I approached a woman sitting on an upturned bucket. After some conversation, I learned that despite her market business she did not have a bank account. ‘But why?’ I asked incredulously. ‘This is where I am. I would love to visit a bank to open a bank account, but […]

It is impossible to entirely rid the global financial system of money that’s been involved with crime or terrorism in some way. There is, however, a lot that can be done to identify and combat money laundering and the financing of terrorism in the formal market. The question is, what is the price to pay […]

Billionaire Elon Musk has said he plans to commit around $45 million a month to a new pro-Trump super PAC, the Wall Street Journal reported on Monday, citing people familiar with the matter. Musk has reportedly contributed to the America PAC. However, the South African-born entrepreneur was not listed on a Monday filing by the […]

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 […]

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 […]

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 […]

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 […]