Category: Finance

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 […]

The EU Court of Justice recently issued a VAT judgment that not only takes a last blast at Britain, it also causes collateral tax damage to Israeli and other non-EU online platforms if they supply services to EU consumers. The case concerns Fenix International (CJEU C-695/20 of February 28, 2023). Israeli, US and other e-commerce […]

The Israel Tax Authority (ITA) issued Circular 1/23 on August 17 (backdated to February 12), regarding the process for requesting a bilateral agreement between the ITA and the tax authority of another country under a tax treaty. Israel has income-tax treaties with 61 countries, including the US, the UK, Australia, Canada, South Africa, and the […]

We explain how a $1 million life insurance policy can benefit the ones you care about the most. Do you think a million-dollar term life insurance policy sounds like too much insurance? As a Certified Financial Planner, I see underinsured people every day. What do I tell them? A million-dollar term life insurance policy might […]

When I became an accredited investor, I found myself among an elite group with the financial means and regulatory clearance to access investments that many couldn’t. This opened doors to exclusive realms like hedge funds, venture capital firms, specific investment funds, private equity funds, and more. Even though I had this “exclusive access” it took […]

Bank Leumi‘s app will be accessible in English as well as Hebrew starting next week. At the beginning of next week, a new version of the app will be available in the app store and will allow Bank Leumi customers to change the language settings in their app from Hebrew to English. This will make […]

The Consumer Price Index (CPI) for July 2023 experienced a modest increase of 0.3%, according to the most recent data from the Central Bureau of Statistics (CBS). Over the past year, the index has seen a notable surge of 3.3%. Although not a part of the CPI, housing prices also revealed interesting dynamics, with a […]