Finance Ministry Director-General Yali Rothenberg completed a public issuance of US bonds in the international markets totaling $8 billion. This came as a reaction to the high demand for Israel’s US bond issuance. In the issuance, demands reached approximately $38 billion, the highest in Israel’s history. Three new bonds were issued for terms of […]
Continue Reading
Israeli banks said on Monday they were heeding US sanctions against four West Bank settlers accused of violence against Palestinians, despite calls by the finance minister and another far-right cabinet member not to comply. In a signal of Washington’s growing displeasure with Israeli conduct in the occupied territory even as the allies cooperate in the […]
Continue ReadingThe Bank of Israel announced that the interest rate will remain unchanged and will continue to stand at 4.5%. This decision comes despite last month’s first recorded 0.25% decrease since the coronavirus outbreak in April 2020. According to Amir Yaron of the Bank of Israel, “The interest rate decision weighs several factors. Some of […]
Continue ReadingRami Levy, CEO of the brand named after him, has called a shareholders’ meeting to approve improved employment terms for himself and his daughter Yafit Atias Levy, who serves as the marketing deputy manager in the chain. The purpose of the meeting is to approve Yafit Levy’s salary to NIS 643,000, compared to NIS […]
Continue Reading
Israel bonds are a smart investment with strong rates and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide. “When you buy an Israel bond you’re connecting to Israel, and the more people we can connect to Israel, the more positive messages we can send,” says […]
Continue Reading
In an unprecedented legal proceeding, the American government opened an investigation into Finkelstein Metals and is examining the government’s conduct, Maariv reported Wednesday morning. According to the American authorities, grants received by the company due to activities in a development zone constitute a prohibited government subsidy, and they allowed the company to sell its products […]
Continue ReadingIsrael plans to take out a loan of $60 billion, freeze hiring in government offices, and raise taxes in order to pay for the ongoing war in Gaza, the Finance Ministry’s chief accountant, Yali Rothenberg, as reported by the Financial Times. Currently, the country is facing a major economic crisis, with major expenses due […]
Continue Reading
Bank Hapoalim and Bank Leumi will each pay a fine of NIS 1 million, and Isracard will pay a fine of NIS 250,000, the Bank of Israel announced. This comes as part of financial sanctions against banks due to service disruptions and consumer issues, which were investigated by undercover Bank of Israel officials. Bank Hapoalim […]
Continue Reading
Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]
Continue Reading
College students have a lot on their plate already, including the need to study to get good grades, participating in any number of on-campus activities and potentially working part-time to have some spending money. That said, college students should also focus on their financial future, including steps they can take to build credit before they […]
Continue Reading
