The last three years saw the evolution of traditional payment methods that have made headway mainly due to other innovations. What used to be as simple as using cash, credit cards, or wiring money has now turned into a complex network featuring advanced payment technologies. These advancements are dramatically improving transactional speeds and security features […]
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After years of financial problems, downsizing, and dismissals, Israel’s multinational Teva Pharmaceutical Industries Ltd. has been named No. 19 among the top 20 best-earning pharmaceutical companies in the world. In 2022, Teva had revenues of $14.9 billion, which rose to $15.8b. last year. It has long specialized in generic drugs, but it has had some […]
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Under the National Insurance Institute law, every three years, the organization’s actuary must present a report containing the forecast and expectation for payments and pensions to the residents of Israel. The institute must also ensure the ability to meet its obligations and the rights granted to citizens by law. The institute’s recent report is tailored […]
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Finance Minister Bezalel Smotrich (Religious Zionist Party) on Wednesday authorized a new public committee on the structure of the IDF and the defense budget to examine IDF pensions. He announced his approval in a letter to Likud MK Hanoch Milwidsky, who published it on his X account. The move followed repeated calls by Milwidsky. עבודה […]
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Israel bonds are a smart investment with strong rates and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide. “When you buy an Israel bond you’re connecting to Israel, and the more people we can connect to Israel, the more positive messages we can send,” says […]
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A gauge on emerging market stocks dipped on Monday as most bourses in Asia took a hit on the first day of the week, while Israel’s shekel was under pressure ahead of its central bank’s monetary policy decision. As of 0921 GMT, MSCI’s gauge for emerging market stocks. MSCIEF dipped 0.4% as stocks in EM […]
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As Israel experiences a downgrade in its credit rating, a similar fate has befallen its leader. Prime Minister Netanyahu, once considered a respected statesman on the international stage, has lost his rating. And similar to Moody’s forecast, the forecast is negative. Until last year, the free world regarded Netanyahu as a statesman, one with whom […]
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Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the report said. Under the deal, employees […]
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Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]
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Israeli investors are not excited about Moody’s credit rating downgrade of Israel, and the Israeli stock market responded on Sunday morning with relatively moderate declines, with a decrease of around 0.4% in the TA-35 index and around 0.5% in the TA-125 index. Local players in the financial sector expect the stock market to continue to […]
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