Category: Finance

Bank Leumi will open a special department within its Corporate Division aimed at financing national infrastructures, the bank announced Thursday. “The Bank has set its sights on leading the field of financing of national infrastructures in Israel, and we are working to achieve this with a special emphasis on ESG aspects,” said Liat Shuv, Head […]

Partial data from Israel’s Central Bureau of Statistics indicates that average wages for Israeli employees went up by 3.5% in March when compared to March of 2023. Israel’s inflation was around 2.7% in that time frame, meaning that the increase in real average wages was not very large. Real wages are wages adjusted for inflation. […]

Thursday, 2 May 2024 • 7 pm Israel Time|12 am EST Seventh months into the war, what is the economic impact of the October 7 massacre perpetrated by Hamas and the ensuing military operation in Gaza on Israel’s economy? According to David Zaikin, founder and CEO of the Key Elements Group, the Jewish state has […]

Crypto investments have their ups and downs. Sometimes people make profits, sometimes losses. But that is not the only challenge. If you make a profit, paying tax on crypto currency (e.g. bitcoin) profits isn’t easy. The Israeli Tax Authority (ITA) generally only accepts Shekels from an Israeli bank. But Israeli banks typically refuse outright to […]

Last week, the world stood on edge as Iran declared an unprecedented attack against the State of Israel, Israeli authorities reported that 99% of more than 300 incoming missiles and drones were shot down, but the overnight defensive operation, Iron Shield, represents years of research and development, education, and ability to think outside the box. […]

The Tel Aviv Stock Exchange closed high Sunday afternoon after a slight drop earlier in the day. The market opened slightly high Sunday morning before falling modestly in what was a largely calm day, following the huge Iranian attack on Israel in the early hours of Sunday morning. Hundreds of drones and missiles were launched […]

A record-breaking 42 Israelis were featured in Forbes’ World Billionaires list for 2024, published earlier this week. The list names Miriam Adelson, the widow of casino magnate Sheldon Adelson, as the world’s wealthiest Israeli.  The Jewish mega-philanthropist recently purchased the Dallas Mavericks of the NBA. She still holds shares in Las Vegas Sands, the casino […]

Leumitech, Bank Leumi’s high-tech banking arm, and IVC, a provider of data, quantitative research, and business information, have published the first data from the Tech Review report for the first quarter of 2024. According to the preliminary data in the report,  Israeli high-tech started the year positively, with a higher volume of fundraising and a […]

The numbers are in, and they are grim. In the three months following the October 7 Hamas attacks on Israel, antisemitic incidents in the United States more than tripled, according to the Anti-Defamation League. The organization documented 3,283 antisemitic incidents between October 7, 2023 and January 7, 2024 an increase of 360% from the same […]