Noble Energy Israel chief: We won’t agree to reopening contracts
“Noble Energy agreed to make large and painful concessions at the behest of the Israeli government because we believe that the gas framework creates certainty and makes it possible to proceed with More...
Israeli Treasury estimates damage of European boycott
In 2013, the Ministry of Finance chief economist prepared a secret report that attempted to estimate the effects on the economy of a European boycott with various degrees of severity… For the full story, More...
First interest expressed in IMI privatization tender
Israeli investors have submitted a request to the Government Companies Authority for information about the Israel Military Industries Ltd. (IMI) privatization tender. IMI’s value is estimated at $5.7 – More...
Regulator mulls ousting Delek, Noble Energy from Leviathan
– The Antitrust Authority has summoned the companies to review the compromise that let them hold the Leviathan gas reserve. – The Antitrust Authority, headed by Prof. David Gilo, notified More...
Israel Electric Corp to Withdraw $4.2 Billion Suit over Killed Egyptian Gas Deal
Israel Electric Corporation (IEC) (TASE: ELEC.B22) may withdraw a $4.2 billion lawsuit that it filed against Egyptian government gas companies for halting the gas-flow to Israel. Senior IEC officials have dropped More...
Treasury seeks $950 million transfer to Defense Ministry
– The amount is to cover some of the expenses of Operation Protective Edge in the summer. – The Ministry of Finance will today ask the Knesset Finance Committee to approve the transfer of a further More...
Treasury: Fitch outlook downgrade no surprise
– Fitch has cut its outlook for Israel’s foreign currency debt rating from Positive to Stable. – Israel’s Ministry of Finance sees the downgrade of Fitch Ratings’ of its More...
Israeli Treasury to Encourage Internet Purchases Abroad to Offset Cost of Living
The Ministry of Finance is removing barriers and facilitating purchases of overseas products on the Internet, as part of its comprehensive program for lowering the cost of living currently being formulated. More...
Gov’t Approves $5.5 Billion Gas, Ports Privatization Plan
The socioeconomic cabinet, headed by Prime Minister Benjamin Netanyahu, today approved a plan by the Government Companies Authority and the Ministry of Finance to issue shares in government companies on More...
Israeli Treasury $277 Million Squeeze Killing 50 Year JNF Deal
A day after distributing the state budget bill, it appears that the Ministry of Finance is planning to focus its main effort on getting $277 million out of the Jewish National Fund (JNF). The results of this More...