The merger of the transcription companies would take place in collaboration with US investment bank Goldman Sachs and form a profitable company with $130 million annual recurring revenue.
Finance Minister Bezalel Smotrich's wants to relabel funds for Haredi educational institutions that do not teach core studies as part of the main Ministry of Education budget.
The Israeli bank has written to the UN Palestinian refugee agency saying it was seriously concerned that money from the account was reaching terrorist groups.
Finance Ministry sources say the delay is because Minister of Finance Bezalel Smotrich seeks to make coalition party allocations a fixed part of the budget.