Money

Israel spends more of its GDP on education than the OECD average, but less per student

Government spending per student in Israel is about 61% lower than the OECD average. Nearly half of the Israeli population is under age 24, and demographic growth erodes the budget per student.

The opening of the school year in Omer.
Loneliness in old age is becoming a health and economic burden.

The default cost-efficiency failure that costs the Israeli economy billions annually

Elon Musk.

Elon Musk is a trillionaire again: Wealth jumped $65b. in a single day

New compensation track launched for protection racket victims.

Up to NIS 2 million: New compensation track launched for protection racket victims


Israel’s digital wallet boom signals a new era for online payments

“Mobile payments have become more mainstream than any other form of payment.”

Wet wipes company sold for NIS 178 million

Dynamic recently entered insolvency proceedings, but this morning the court approved its sale to the Ronen Elad Holdings Group for NIS 178 million.

Illustration: Woman using a wet wipe

$7.6 billion in half a year: Tech fundraising surged by 52%

The innovation industry concludes a dream first half with $7.6 billion, led by cyber and foreign investors.

Illustration: Startup company

The ex-wife concealed a rare blue diamond worth millions of shekels

The man claimed that the woman exploited her time alone in the house to empty a hiding place of jewelry and diamonds worth NIS 3.2 million. The woman denied his claim.

Illustration: Blue diamonds

The Finance Ministry’s new move targets small savings

New reform: Instead of paying a penalty to the Tax Authority every time you want to switch to a more profitable track, you will be able to skip between companies and products completely freely.

Shekels and dollars

Aligned is raising $60 million

After being ranked at the top of G2's summer reports, the Israeli company Aligned signs an impressive Series B funding round.

Aligned founders - Yotam Sela, Gal Aga, and Gal Deitsch

Confessed to stealing from the register – and received NIS 278,000 in compensation

Employers who "cut corners" and do not maintain hour registration as required by law find themselves facing massive lawsuits of hundreds of thousands of shekels.

She stole NIS 500 from the register, but was awarded compensation of NIS 278,000

Kramer opens the summer

Shlomo Kramer, CEO and founder of Cato Networks, celebrated the company's growth, which reached a valuation of $4.8 billion, at an elaborately produced summer party at Hangar 11.

Shlomo Kramer

The wealth report: A record number of millionaires worldwide

The Global Wealth Report reveals a surge in personal wealth and a record number of millionaires. Where does Israel rank in average wealth?

Dollars

Employee fired after 7 years for taking home two board games

The court ordered the reinstatement of an employee who was fired under the claim that he stole two board games from the company, which he found in the restroom and the kitchenette.

Monopoly