Category: Finance

The government published a draft bill this week which proposes to clarify who is a resident for Israeli tax purposes. This is not the same as citizenship, religion or national insurance status. The bill would be especially important to tourists who spend lengthy periods in Israel and anyone who relocates abroad from Israel for work/family […]

On Tuesday Israel’s sovereign credit rating was lowered by credit rating agency Morgan Stanley, and a special report on Israel’s economy is expected to be announced late Tuesday night, following the Knesset’s vote to pass the first law of its controversial judicial reform on Monday. Morgan Stanley updated Israel’s sovereign credit to a “dislike stance,” […]

Isracard credit card is reaching out to teens and young adults by launching a digitally loaded card called Netanchik. The card allows transactions up to NIS 1,000 at a time and can be recharged up to a maximum amount of NIS 4,000 per month.  The card can be integrated into a digital wallet, and its […]

Rich people in poor places want to show off their wealth. And their less affluent counterparts feel pressure to fake it, at least in public. Nobody wants the stigma of being thought poor. – Virginia Postrel Postrel’s quote has a basis in this week’s Torah portion. As an aside, for better or for worse, I […]

The Institute of Certified Public Accountants in Israel has just published a report on how to improve the regulation of the Israeli accounting profession. The undated report was prepared by the Public Expert Committee for Regulating the Israeli Accounting Profession. The Institute of CPAs report follows an accounting scandal in Australia in which a global […]

In a remarkable feat of financial prowess, a 28-year-old individual has shattered traditional notions of wealth accumulation. By strategically harnessing the power of multiple income streams, this trailblazer has managed to generate an astounding $189,000 a year while working fewer than 4 days a week. As the rest of us marvel at their achievements, it’s […]

Need to earn money within a day or a few hours? Maybe you need to fill up your gas tank so you can get to work, or perhaps you have bills that need to be paid before your next check comes in. Here are our 21 quick and proven ways to earn money fast. Need […]

“How do you want to pay for it?” I had recently returned from Iraq and my wife and I were hunting for a couch for our new home. We found one that was on sale we both thought it was perfect. Okay, it was a red couch and she thought it was perfect. I, personally, […]

The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the world economy is in […]

Israel’s Consumer Price Index (CPI) for June delivered a surprising outcome as it remained unchanged, contrary to the expected rise of 0.2%-0.3%. CPI is commonly used as an indicator of inflation, and this development reinforces the notion that recent efforts by the Bank of Israel to ease the country’s inflation are paying off, at least […]