Dollar-shekel exchange rate reaches NIS 3.1 for first time since April's strengthening round
The shekel reported a 1% rise during the last 24 hours, according to data by the Bank of Israel, reaching its highest point since April.
Banking & Finance
Money waiting for you? The year-end tax guide for employees and self-employed
Study: Stock market falls as traders bet on no clear election winner
Fitch warns of the elections: 'Political instability will make reducing the deficit difficult'
What El Al pilots really earn compared to global giants
Qatar Airways captains earn up to $320k plus perks, but El Al pilots also enjoy high pay and bonuses of around a quarter million shekels.
Your Investments: Turning Rosh Hashanah reflection into financial action
The Jewish New Year reminds us to take stock of our actions. That same spirit of accountability can guide an annual review of our savings, spending, and investments.
Your Taxes: Israeli property flip ends with a costly VAT lesson
A recent Israeli court ruling offers a costly lesson for property investors: recovering VAT when buying a property can create a much larger VAT bill when plans change.
Israeli banks could be hit: Major concern over European sanctions
Boycott measures could harm 18,000 West Bank Palestinian workers. Banks and institutions operating indirectly beyond Green Line face risks.
Without visiting a branch: Deferred checks can be deposited via app
The Bank of Israel is launching a new service expected to save time and costs: depositing post-dated checks directly from mobile phones.
Nearly NIS 2B. revealed: Voluntary tax disclosure program comes to an end
Tax Authority ends voluntary disclosure program, which yielded 823 applications revealing NIS 1.89b. in capital to avoid criminal charges.
NIS 450 Million per month: The black-money pipeline under banks’ noses
Undocumented workers transfer millions abroad as state loses tax revenue. Sector officials accuse banks of profiting off the illegal practice.
NIS 10m. branch: The supermarket chain aiming to conquer central Israel
KingStore invested NIS 10m in its Rosh Ha'ayin branch to lead expansion. CEO Majdi Ketany says the company hopes to launch an IPO at the end.
Anthropic cancels $6B acquisition of Israeli AI start-up Decart following due diligence
Bloomberg report: After weeks of due diligence and advanced negotiations, AI giant Anthropic has decided not to go ahead with its acquisition of Israeli start-up Decart.
America’s black hole: The debt threatening to swallow the global economy
US public debt crossed $40 trillion, raising bond yields and interest costs. The financial fallout threatens the global economy, including Israel.
