Author: David Rutman

Visa, Bank Leumi, and United Airlines announced their launch of new credit card in Israel, according to a Thursday press release. New cardholders are to be automatically enrolled in United Airlines’ customer loyalty program, United MileagePlus. The United website notes that this program offers the “most ways to earn and use miles and the most […]

In just a few days, I’ll celebrate 31 years of living in Israel! As I’ve mentioned many times, I came straight out of university and landed here with nothing other than a suitcase and some books. While it wasn’t easy at first and it took a bit of time to land a stable job, I […]

Recent findings from Bank Hapoalim and KANTAR’s Consumer Confidence Index have revealed noteworthy shifts which cast a favorable light on Israel’s economic landscape, despite its ongoing political concerns. The index, which measures consumer sentiment, saw a rise of 1.2 points in July 2023, reaching a level of 126.3 points. This upswing in consumer confidence reflects […]

Israel’s Embassy in India announced recently that they have reached an agreement with Indian organizations to provide expertise and resources to start-ups and companies in the water industry.  Israeli Ambassador Naor Gilon signed a Memorandum of Understanding (MOU) on August 3rd with Karanpal Singh – the founder of India-based venture capital firm, Hunch Ventures, and […]

Every evening as the sun sets, Tel Aviv offers a breathtaking view. As the day slowly draws to a close, the sky transforms into a stunning canvas of pink, magenta, and violet. The sun becomes a brilliant orb of fiery orange, as it slowly disappears below the horizon. For tourists and locals alike, there is […]

Israelis have increased their credit card spending by 6.2% since last year, with credit card transactions in Israel totaling NIS 41.2 billion in July 2023, according to Shva, the payment processing company that handles all credit payments in Israel. Israeli credit transactions totaled NIS 38.8 billion in July 2022, meaning transactions have increased by NIS […]

The long-delayed Tel Aviv light rail will not operate on Shabbat and holidays, it was announced on Tuesday. The decision is a blow to activists who had been pushing for the opening, both of the light rail and of buses. Tel Aviv’s much anticipated partly-above ground and partly-below ground train broke ground in 2011, with […]

LinkedIn, the world’s largest professional networking platform, is currently embroiled in a dramatic confrontation that could change the landscape of recruiting and employment practices forever. LinkedIn’s recent decision to introduce filtering options based on skin color, sexual orientation, race, and gender has sparked a legal firestorm, with the U.S. Supreme Court directly challenging the validity […]

Israeli laboratory equipment firm Rhenium is set to welcome a new CEO, Eran Taus, the company announced Monday. Taus, 59, has a long background in the industry. Since the 1990s, he has held managerial posts and served as CEO of a number of different tech industry, services, and logistics companies, including a five-year stint as […]

In the dynamic realm of global oil markets, recent developments have stirred a blend of optimism and uncertainty. In an in-depth oil market review published on Monday, Bank Leumi’s chief economist Dr. Gil Bufman elaborated on the intricacies propelling these fluctuations. Oil price odyssey: Brent crude surpasses $86.5 per barrel Oil prices have been on […]