Category: Finance

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 […]

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 […]