Category: 6. Business
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Average wage in Israel rose in September
In September 2024, the average monthly wage in Israel was NIS 13,535, up from NIS 13,376 in August 2024, the Central Bureau of Statistics reports, according to initial estimates. The average monthly wage was slightly higher in… Continue Reading
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Russian Palladium: too important to be sanctioned?
In a revealing analysis of the global palladium market, new data shows why Western nations remain hesitant to impose sanctions on Russian palladium despite mounting geopolitical tensions. The critical metal, essential for automotive… Continue Reading
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Goldman Sachs sees shekel at 3.6/$ in a year’s time
In the last week of October, the shekel strengthened by 2.5% against the US dollar, making it the best performing emerging market currency, and bucking the trend of emerging market foreign exchange depreciation versus the dollar… Continue Reading
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Here’s What the U.S. Presidential Election Means For Gold & Silver
As we’ve seen, there’s no clear link between the party in the White House and the performance of precious metals—at least historically. I believe that regardless of which party wins, the long-term outlook for gold and silver remains… Continue Reading
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Sagi sells London Holborn property for £180m
Teddy Sagi Group has sold the last property under its ownership in the Central London district of Holborn. Teddy Sagi Group’s LabTech has sold the office building at 90 High Holborn for £180 million, and has thus completed the… Continue Reading
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American Airlines cancels Israel flights until September 2025
American Airlines has extended its decision to cancel all Israel flights from March 2025 until September 2025. The US carrier has removed the possibility of booking flights to Israel between March and September next year from its… Continue Reading
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Israeli startups raised nearly $1b in October
Israeli privately-held tech companies over $8 billion in the first ten months of 2024, up from $6.9 billion in all of 2023. Israeli startups raised nearly $1 billion in October 2024,… Continue Reading
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National Insurance hike to hit low income earners hardest
Just before Israel’s cabinet approved the 2025 budget on Friday, the Ministry of Finance announced it had found a new way of preventing the government from imposing taxes on advanced training funds, pensions and minimum wage earners… Continue Reading
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Azrieli Group seeks slice of Israeli residential market
Israeli shopping malls and offices giant Azrieli Group (TASE: AZRG) has made a non-binding offer to acquire control of real estate company ZMH Hammerman (TASE: ZMH) at a valuation of NIS 635 million, representing a premium of 5.7%… Continue Reading
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Menora Mivtachim signs deal to buy control of Isracard
Israeli insurance and finance firm Menora Mivtachim Holdings Ltd. (TASE: MMHD) has signed a deal to buy a controlling core in credit card company Isracard (TASE: ISCD). After an accelerated round of negotiations last week, the… Continue Reading
