Israel Insurance Association witnessed a significant change in its leadership team on Tuesday: Certified Public Accountant Benjamin Gabbay, previously known for his impactful role as the chairman of Phoenix Insurance, has now stepped into the limelight as the Association’s new chairman. This move marks a pivotal shift as he takes over the reins from Yair […]
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In a surprising twist, plans for the tallest skyscraper in the United States are underway, and it won’t be in New York City, home to the current tallest buildings in the country. The city that will claim this title is none other than Oklahoma City, as reported by the New York Post. The ambitious project […]
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The impact of a country’s credit rating downgrade on citizens’ wallets begins even before the actual downgrade occurs. Markets, in practice, do not wait for the official downgrade announcement and already demand higher interest rates. This translates to tangible consequences for citizens who are faced with increased borrowing costs and reduced access to affordable loans. […]
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As a result of the war, foreign residents and new immigrants have shown interest in the local real estate market. Below is a summary of the main tax implications that may be of interest. The Israeli Real Estate Taxation Law imposes two types of tax on taxpayers: Appreciation tax and purchase tax. The law is […]
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The Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation convened on December 19, 2023, to greenlight a transformative investment of $9.6 million for ten pioneering projects bridging the gap between US and Israeli technological prowess. With additional support from the private sector, the total infusion of capital into these ventures […]
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“Israel was not created in order to disappear – Israel will endure and flourish. It is the child of hope and the home of the brave. It can neither be broken by adversity nor demoralized by success. It carries the shield of democracy and it honors the sword of freedom,” John F. Kennedy. After having […]
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I am a longtime fan of Major League Baseball’s Boston Red Sox. They hold the record for one of baseball’s great comebacks. In 2004, they trailed the New York Yankees by three games to none in a best-of-seven league championship series. Nonetheless, they went on to win four games straight, advanced to the World Series, […]
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I’ve just returned from my weekly foray to the supermarket. There, I saw a miracle – bins full of delicious fresh fruits and vegetables and fresh eggs, all of it produced in Israel. This, in wartime, even though foreign farm workers have left; many Western Negev and Northern Galilee cities and towns, kibbutzim and moshavim […]
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Three Israeli climate technology companies were awarded a collective $1 million on Thursday to help improve people’s lives and the planet’s health. The Breakthrough Research Prize is Israel’s most significant incentive prize. Its primary goal is galvanizing the nation to address the climate crisis. It seeks to foster pioneering research and development, supporting initiatives to […]
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Prompt Security, a unified platform for enterprise generative AI security, has officially launched from stealth mode, unveiling a successful $5 million seed funding round. The funding was spearheaded by Hetz Ventures, a prominent venture capital firm, and included contributions from Four Rivers and distinguished angel investors, such as Chief Information Security Officers (CISOs) at Elastic […]
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