finance

IAI net income spikes by 74% to $416m.

Israel Aerospace Industries reports record-breaking performance with $416 million in net income and a $25 billion order backlog in 2024's first nine months.

Calculating taxes

Your Taxes: Charity and Squatting

While we wait for the Israeli 2025 budget to pass, here is some other Israeli tax news.

By LEON HARRIS
18/11/2024

Israel's deficit shrinks to 7.9% of GDP despite war expenses, still above annual target

Despite ongoing war expenses pushing annual spending up by 26.3 percent, Israel's deficit has improved to 7.9% of GDP in October, with state revenue climbing to NIS 398.6 billion.

'Israel’s financial system is more advanced than many places in the world'

Over the past ten years, the Israeli banking system has become much more user-friendly, says Eyal Efrat, first executive vice president and Head of the Technologies Division at Bank Leumi.

Food companies sell products that are less healthy in poorer countries, says report

Across 30 companies, the products sold in low-income countries scored lower on a star rating system developed in Australia and New Zealand than those sold in high-income countries.

By REUTERS
07/11/2024

Wall Street greets Trump's return with greed and trepidation

Trump's return to power is likely to significantly ease some of the regulatory pressures industries have seen under the Biden administration, executives across banks and private equity said.

By REUTERS
07/11/2024

The tax trap: how Israel’s tax money ends up funding the Palestinian Authority’s pay-for-slay law

‘We willingly relinquished our fiscal rights in order to buy peace, but we are not getting what we are paying for,’ says Maurice Hirsch, Director of the Initiative for Palestinian Authority

07/11/2024
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.

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