Category: Finance

The Israeli public’s credit card use decreased by 15.8% last week, amounting to NIS 1.4 billion less than average, according to data from Sheba. Expenses during the ninth week of the war (December 3 to 9) totaled NIS 7.659 billion, compared to the average weekly expenses of NIS 9.096 billion since the beginning of […]

PwC Israel has released its comprehensive annual business transactions report for the year 2023, providing a deep dive into the intricate dynamics of mergers and acquisitions (M&A) involving Israeli companies. The report highlights a challenging landscape characterized by a substantial 46% decrease in transaction volume and a 23% decline in the total number of […]

A new front has emerged in Israel’s fight against the funding of Iran-backed terrorist groups from Hamas to Hezbollah: A fast-growing crypto network called Tron. Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the […]

‘We call ourselves a family, and we mean it when we say that,” says Richard A. Rosenbaum, executive chairman of Greenberg Traurig, the multinational law firm that employs more than 2,650 lawyers in 47 offices throughout the United States, Europe, and Asia. In early November, Rosenbaum (no relation to this writer) and another partner […]

Over the past few weeks, many companies have published their earnings reports for the third quarter (Q3) of 2023, illustrating performance from July until September. Many of these reports didn’t paint such an uplifting economic picture, as the hi-tech industry has been facing considerable difficulties since the beginning of the year due to the […]

Caution: The shopping holidays (and the scams) are already here During the month of November, online shopping days such as Shopping IL, Black Friday, and Cyber Monday were launched in a slightly different format to support local businesses. Unfortunately, this time of year also attracts many phishing attacks aimed at stealing your money. ESET, […]

The month of shopping is upon us, with Black Friday deals unveiled and more anticipated. Consumers are reserving credit lines and cash balances, gearing up for significant benefits that enable them to purchase previously unaffordable products and services. “Black Friday” gets its name from accounting reports where profit lines are in black, contrasting with […]

Amid global economic shifts, Israel’s financial landscape is undergoing a balancing act. With a potential interest rate cut on the horizon and the shekel’s strengthening, the nation faces both challenges and opportunities. The recent conflict has cast a shadow on business and consumer sentiments, while international trends, especially in the US, add an extra […]

Kibbutz Nir Am has turned to the Israeli and world community at large through a crowdfunding initiative aimed at raising NIS 1 million for its rehabilitation and recovery after the Hamas massacre a month ago. Nir Am, positioned close to the Gaza border, managed to avert an incursion and safeguard its residents from harm, […]