Money

Man wins NIS 64m. in Double Lotto: 'I buy excitement for NIS 66'

Just two days after discovering his win by scanning the ticket on the app, the winner arrived at the Mifal Hapayis offices while his wife waited nearby, convinced he was running routine errands.

The lottery winner.
The opening of the school year in Omer.

Israel spends more of its GDP on education than the OECD average, but less per student

Loneliness in old age is becoming a health and economic burden.

The default cost-efficiency failure that costs the Israeli economy billions annually

Elon Musk.

Elon Musk is a trillionaire again: Wealth jumped $65b. in a single day


Up to NIS 2 million: New compensation track launched for protection racket victims

A new pilot will allow business owners who refused to pay protection money and suffered direct property damage to their business or residence to file claims with the Compensation Fund.

New compensation track launched for protection racket victims.

Economy Ministry ends 'Israel's Basket' pilot due to upcoming elections

Economy Minister Nir Barkat decided not to extend the project due to the expected change in government, leaving the decision to the incoming administration.

Economy Minister Nir Barkat presents "Israel's Basket".

Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

The European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

Great comeback: Has crypto winter really ended?

Bitcoin surged 10% this week to an eight-month high, signaling renewed risk-taking, but remains well below its $126,000 all-time high.

Bitcoin

Your Investments: A financial and personal clean slate for Yom Kippur

The Day of Atonement is about reflection, repentance, and renewal. Those same principles can guide people toward smarter financial choices and lasting improvement.

 An illustrative image of a Torah scroll and a shofar for Yom Kippur.

The race for faster payments is reshaping the digital economy

Consumers are becoming less willing to wait days for their money, pushing businesses to make payments faster while maintaining security, transparency, and trust.

Faster payments are no longer just a technological advantage - they are becoming a defining part of the digital customer experience.

Not ending at NIS 18m.: Additional fine for Central Bottling Company

The Competition Authority has published for public comment an additional notice of intent to charge the Central Bottling Company over intervention in retail soft drink prices.

Coca Cola cans.

No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

Yaron has guided Israel’s economy through the upheaval of the war and into recovery, while Abadi-Boiangiu sits at a key chokepoint in how the state spends its money.

(L-R): Amir Yaron and Michal Abadi-Boiangiu

Shift in public donations: Fivefold increase for mental health, drop in equipment for combat soldie

Data from the Jgive and Charidy platforms show that Israelis continue to open their wallets, but their targets are shifting from acute emergency needs to long-term issues.

Food basket distribution: Snir Association for Equal Opportunity.

Yossi Sagol enters nuclear energy: Invests in ARCVIA

The company develops small modular nuclear power plants (SMRs) in the US. The investment comes amid a surge in demand for continuous electricity for data centers.

Yossi Sagol