Category: Israel
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Israel Shipyards set to deliver 2 attack vessels to Philippines
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Israel Shipyards (TASE: ISHI) will deliver two Shaldag MK5 fast attack craft to the Philippine Navy later this month or early September, MaxDefense reports. Both ships will be equipped with Rafael’s MLR-NLOS launcher and electro-optical Spike NLOS missiles, with target adjustment capabilities, autonomous propulsion, and the ability to attack disguised…
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Israel among top countries for investment in UK per capita
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A new report from the UK Department for Business and Trade reveals that Israel is among the top 10 countries in terms of per capita foreign direct investment projects in the UK in 2023-24, among European countries. Luxembourg, Ireland and Sweden top the European list of countries in terms of…
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Sec State Blinken said on Sunday that Iran & Hezbollah attack on Israel could start Monday
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Israel Braces for Attack by Iran as US Urges Gaza Cease-Fire
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Breadcrumbs Path Links PMN Business Israel braced for a possible attack by Iran and regional militias in response to the assassinations of Hezbollah and Hamas officials, as the United States sent defensive reinforcements as it pressed for a ceasefire in Gaza. Article author: Bloomberg News Ethan Brunner and Dean Williams…
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Average wage in Israel jumped in June
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In June 2024, the average wage in Israel was NIS 13,865, an increase of 4.7% in real terms from NIS 12,836 in June 2023, according to the Central Bureau of Statistics. The inflation rate was 2.9% during the same period. The May 2024 estimate shows that the average wage increased…
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UAE Shows Regional Diplomatic Sway With Gaza Aid, Ties to Israel
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Breadcrumbs Path Links PMN Business A piece of Abu Dhabi has arrived in El Arish, a small town in North Sinai about 50 kilometers from Gaza. Once rarely visited by outsiders, this coastal spot is now teeming with Emirati volunteers in cargo pants and beige vests emblazoned with the UAE…
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UJA-Federation NY, Microsoft Israel help Majdal Shams
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The New York Jewish Community Federation donated funds to two hospitals in Nazareth and to the local council in Majdal Shams. The New York Jewish Community Federation has donated NIS 6 million to St. Vincent de Paul Hospital (French Hospital) and EMS Nazareth Hospital (English Hospital) in Nazareth, to establish…
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Israel targets top Hezbollah commander in Beirut strike
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“The IDF carried out a targeted attack in Beirut against the commander responsible for killing children in Majdal Shams,” the IDF spokesman said. The Israel Defense Forces (IDF) confirmed responsibility for the attack on Beirut on Saturday evening in response to the killing of 12 Druze children in the Golan…
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Gasoline prices in Israel to fall Wed night
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The Israeli Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95-octane gasoline at self-service stations in Israel will be reduced as of midnight on Wednesday, August 1, by 0.08 shekels per liter to 7.48 shekels per liter. The Israeli Ministry of Energy and Infrastructure announced that…
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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Oil prices fell more than $1 a barrel on Monday after Israeli officials said they wanted to avoid dragging the Middle East into all-out war while responding to a deadly rocket attack on the Israeli-occupied Golan Heights over the weekend. U.S. crude…
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Israel to apply 15% minimum corporate tax from 2026
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The Israeli Ministry of Finance announced that it will implement a qualified domestic minimum tax (QDMTT) starting in 2026, as part of the OECD’s Pillar II international tax reform. This is a plan to change the current corporate tax system, allowing countries to collect more taxes from international companies that…
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Israel to apply 15% minimum corporate tax from 2026
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The Israeli Ministry of Finance announced that it will implement a qualified domestic minimum tax (QDMTT) starting in 2026, as part of the OECD’s Pillar II international tax reform. This is a plan to change the current corporate tax system, allowing countries to collect more taxes from international companies that…
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Israel vows to hit Hezbollah after rocket kills 12 on football field By Reuters
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By Avi Ohayon MAJDAL SHAMS, Golan Heights (Reuters) – Thousands of mourners attended the funerals on Sunday of 12 children and teenagers killed in a rocket attack on the occupied Golan Heights, as Israel vowed swift retaliation against Hezbollah militia in Lebanon. Hezbollah has denied responsibility for the attack on…
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Israel says it intercepts missile fired from Yemen, Houthis say they targeted Eilat By Reuters
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JERUSALEM/CAIRO (Reuters) – Israel said its air defences intercepted a surface-to-surface missile fired from Yemen on Sunday, and Yemen’s Iran-aligned Houthi movement said it fired several rockets at the Israeli Red Sea city of Eilat. The attack continued an escalation of violence between Israel and the Houthis that began on…
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Housing sales in Israel up 37%
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The Central Bureau of Statistics reports that 22,610 housing transactions were recorded between March and May 2024, an increase of 37% over the same period in 2023 and an increase of 2.7% over the previous three months. An exceptionally high 47.4% of the homes sold were new homes, and 20%…
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UBS: Average wealth in Israel rose in 2023
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Israel ranked 18th in the UBS Global Wealth Report with an average wealth of $260,000 per adult in 2023, up 14% from 2022 and outpacing the global average growth of 4.2%. According to the Swiss bank, median wealth growth in Israel was much weaker, indicating that wealth is growing much…
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Mortgage taking in Israel fell in June
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Mortgage takings last month fell slightly compared to May, but were 18% higher than in June 2023, the Bank of Israel reported. Mortgage loans granted in Israel in June 2024 fell slightly compared to May, despite estimates from senior banking officials who expected another increase in June, supporting the trend…
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“LEQEMBI” Lecanemab) Approved for the Treatment of Alzheimer’s Disease in Israel By Investing.com
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TOKYO and CAMBRIDGE, Mass., July 12, 2024 – (JCN NewsWire) – Eisai Co., Ltd. (OTC:) and Biogen Co., Ltd. (NASDAQ:) today announced the approval of the beta-amyloid (Aβ)-degrading monoclonal antibody “LEQEMBI” (generic name: lecanemab) in Israel as a treatment for Alzheimer’s disease (AD). Treatment with LEQEMBI should be initiated in…
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Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch By Reuters
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By Stephen Sher JERUSALEM (Reuters) – The Bank of Israel remains committed to its plans to issue a digital currency to improve Israel’s payments system and boost innovation, but it is unlikely to launch it before other advanced economies. “We are all waiting for the first Western central bank to…
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How many people are leaving Israel? No-one really knows
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How many Israelis left Israel last year? A Globes survey of all the bodies that monitor the numbers (the Israel Tax Authority, the Population and Immigration Authority, the National Insurance Institute, and the Central Bureau of Statistics) revealed that none of them really know the answer. What’s more, even when…