finance

Mekorot reports 14% net income increase to NIS 166m. in Q1-3

Israel's national water company, Mekorot, achieved 95% of its development goals, amounting to approximately 1.2 billion shekels.

War's heavy financial toll on families only going to get worse - Paamonim aid org

"Since the holidays we have seen a significant increase of over 250 families a week" turning to the organization for help, she described.

28/11/2024

After the ceasefire: Leumi is the first bank to reopen its branch in Kiryat Shmona

Just hours after the ceasefire in the North took effect, the bank reopened its doors, becoming the first to resume operations in the city.

Over 800 European financial groups deal with firms linked to Israeli settlements, NGOs say

Israeli settlement activity has expanded by a record amount, and some settlers hope US President-elect Donald Trump will help them fulfill a dream.

By REUTERS
26/11/2024

Majority of complaints about Israeli public service justified

The report examined some of the nearly 35,000 complaints made to the office between January 2019 and March 2024 – around 30% of which were about service to the public.

26/11/2024

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
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