Category: Finance

Building wealth takes time and patience, but it also requires you to take real, actionable steps with your money. After all, you won’t get rich by keeping your extra cash under your mattress and hoping for the best. You have to invest your money if you want it to start growing to its full potential. […]

Canceling a life insurance policy is an important decision that can have financial and emotional implications. Deciding whether to continue with your life insurance policy or cancel it is not just a significant financial choice, it can also have profound emotional implications. After all, life insurance isn’t just a monetary consideration – it’s about ensuring […]

Mercantile Bank finished in first place in the Bank Friendliness Index for small and medium-sized businesses for 2022, conducted by the Economy and Industry Ministry.  The index is based on the financial data published by the banks; a business satisfaction survey with the banks; and feedback received by the Agency for Small and Medium-Sized Businesses […]

The shekel weakened more than 2% before regaining slightly to trade 1.4% lower and the main indexes on Tel Aviv Stock Exchange edged slightly down as Prime Minister Benjamin Netanyahu’s coalition appeared to delay the Judicial Selection Committee vote on Wednesday. The judicial drive, announced in January only a week into Netanyahu’s return to office, […]

After then-prime minister Yair Lapid’s visit to the White House in July 2022, a joint communiqué was issued. Among other things, it stated: “The United States and Israel affirm that among the values the countries share are an unwavering commitment to democracy, the rule of law, and the calling of ‘Tikkun olam,’ repairing the world.” […]

An Israeli court has ruled that if a foreign group buys the shares of an Israeli tech start-up, strips out the IP (intellectual property) and terminates the Israeli company, the company must pay tax on the IP stripped out (Medtronic Vs. Kfar Saba Assessing Officer, District Court Civil Appeal 31671-09-18, June 1, 2023). This is […]

The largest US-based Israeli-owned bank is launching a project to support Israeli Defense Force (IDF) veterans experiencing Post Traumatic Stress Disorder (PTSD) following active military service – in cooperation with an Israeli NGO. IDB Bank (IDB), a New York-based private and commercial bank, has partnered with Israeli nonprofit organization Invisible Album to raise both awareness […]

The governor of the Bank of Israel, Amir Yaron, is set to meet with the CEOs of banks in Israel on Tuesday in light of heavy profits made by the banks due to higher interest rates in the past year, KAN news reported on Monday. The meeting also comes as MKs call for legislation concerning […]

Credit card spending in Israel has grown in recent months, with a 7.2% jump in May 2023 in comparison to May 2022, according to data from Sheba Automated Bank Services. According to the data, total expenses amounted to NIS 40.942 billion, a marked increase of 9.2% compared to April. In addition, the average daily expenditure […]

Teddy Sagi continues to write off public companies where he is invested while injecting tens of millions of dollars out of his own pocket to privatize them. After cybersecurity developer – kape, comes Best of the Best (BOBT), which is traded on AIM. The company, where Sagi holds 29.9%, informed the Tel Aviv Stock Exchange […]