State Comptroller slams IDF inefficiency
State Comptroller Judge (ret.) Joseph Shapira has published a special scathing critique of the IDF and the Ministry of Defense. The report said that the defense establishment had failed to meet the main More...
Ruble Rebounds Against Dollar as Bank of Russia Intervenes
Russia’s battered ruble recovered some of its recent losses against the dollar on Wednesday as the market welcomed measures by the Bank of Russia to shore up the country’s banks, and the Finance Ministry 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...
Lapid pays settlers and religious for budget support
– $143.2 million was allocated to ministries so that the minister’s party would support the budget. – /Lilach Weissman and Amiram Barkat/ Minutes of the cabinet meeting before the Sukkot holiday 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...
Ben Gurion U and Soreq Nuclear Center Get $47 Million for New Research Center
Ben Gurion University and Israel’s Soreq Nuclear Research Center have been chosen by the Israeli government to establish a National Photonics and Electro-Optics Research Center which will be provided with More...
Complications Abound as Deadline Approaches in Delek’s Sale of Assets to Jared Kushner
The deadline for Jared Kushner to make an exclusive bid for the Delek’s financial assets, the Phoenix Group, runs out on September 30th. While the deal may well go through, complications multiply. Delek More...
Kushner Family Seeking Partner for Phoenix Acquisition
Is The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) deal too big for the Kushner family? Market sources believe that the candidate for acquiring the controlling interest in the insurance group from Delek Group More...
State sues El Al for $16.5 million
– The Finance Ministry alleges that El Al concealed tens of millions of the state’s money. – The Ministry of Finance yesterday filed a $16.5 million lawsuit against El Al Israel Airlines More...