NIS

Minister of Finance Bezalel Smotrich and Minister of Defense Yoav Gallant have presented a financial assistance plan for those serving in the army reserves with an annual cost of NIS 9 billion. The plan has been presented…

A Facebook post by Minister of Finance Bezalel Smotrich on Sunday is perceived in the corridors of the Ministry of Finance as political interference in professional opinions prepared by the ministry's senior official on…

At Kibbutz Yizre’el, people seem to like to recall the stormy meeting of the kibbutz members in February 2012, when they voted against the sale of control of the kibbutz factory that manufactures swimming pool cleaning…

Businessman Teddy Sagi will donate NIS 1 million to Israeli singer Omer Adam’s "Returning Soldiers" project. The project funds taxi rides for soldiers returning home on leave from the front, in order to ease their journey…

Yesterday, the Tel Aviv District Court gave legal force to the settlement reached by former Bank Hapoalim executives with shareholders in a derivative action arising from the affair in which the bank paid heavy penalties…

Intel is following in the footsteps of tech giants Nvidia and Salesforce. Intel has announced that it will pay all 12,000 employees in Israel a NIS 5,000 grant…

Bank Leumi (TASE:LUMI) announced today that it will set aside between NIS 800 million and NIS 1.1 billion for credit losses in its third quarter financial report (before the impact of tax). Even before the war,…

The shekel has weakened above the NIS 4/$ threshold for the first time since April 2015. This afternoon, the Bank of Israel set the representative shekel-dollar rate up 0.529% from Friday, at NIS 3.990/$, and the…

Early this morning the Bank of Israel announced a program to sell up to $30 billion of its foreign currency reserves in order to strengthen the shekel during the war against Hamas in Gaza, which is weakening the Israeli…

A luxury home with a preservation order at 64 Rothschild Boulevard in the heart of Tel Aviv was sold for NIS 77.2 million at the end of August. The house, in the heart of the exclusive Villa Rothschild project, has 563…