finance

Defense Minister Yoav Gallant at the funeral of Colonel Ehsan Daxa in Daliyat al-Karmel

Gallant’s firing adds to Israel’s economic woes

As Israel’s debt grows, Gallant’s firing sends a troubling message to investors amid credit downgrades.

06/11/2024
 LabTech sold the 90 High Holborn property for £180 million.

90 High Holborn sold for £180 million, a gain of £385 million for Teddy Sagi Group

Teddy Sagi exits Holborn, selling his last property in the district; sale of all Holborn assets generated $500 million in capital gains for Sagi.

An Egged bus in front of the Jerusalem Central Bus Station

Mistaken identity: Egged accidentally freezes woman's bank account

The Transportation Ministry said it had looked into Lucia Sapir’s case with Egged and determined that an error led to a misidentification in her ID number.

Amazon packages are seen at the new Amazon warehouse during its opening announcement on the outskirt

Amazon's plan to tackle Temu, Shein? Sell more toothpaste

The e-commerce giant has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets with $12 dresses and $10 gadgets.

By REUTERS
01/11/2024

Welfare, wage, and ministry cuts: Treasury unveils plan for 2025 budget

The budget outline includes closing five ministries and numerous budget cuts to ministries, which may bring resistance from ministers and slow its passage through the Knesset.

Wartime gov't payouts risk stoking inflation

The high cost of the war and the supply problems it has caused, tax hikes expected in 2025, and wage increases, are all pushing prices upwards.

By AHARON KATZ/GLOBES/TNS
30/10/2024

Western Union, 'Whish Money' used to fund Hezbollah weapon acquisition campaign

A Hezbollah-run campaign fundraising for weaponry called to make money transfers through international and local services, pointing at Western Union and Whish Money as key service providers.

29/10/2024

Credit failures reported throughout Israel, customers asked to pay in cash

Sheba is among Israel’s leading payment firms, managing transactions across credit networks and banks nationwide.

The strike on Al-Qard al-Hasan bank was a strategic economic blow to Hezbollah

The “bank” serves hundreds of thousands of Hezbollah operatives and their families, providing them with salaries, loans, and funding for the organization’s ongoing activities.

By SHLOMIT WAGMAN
26/10/2024
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