A new OECD initiative aims to close real estate loopholes, exposing untaxed funds, rental income, and capital gains. This could affect anyone with global property investments.
As Israelis gear up for Independence day, it’s a great time to look at your own financial situation and make sure that you are on the road to financial independence as well.
The S&P settled at 7,022.95, up 0.8%, LSEG data showed, surpassing its previous closing high in January. It also hit a new intraday record of 7,026.24.
Avraham Novogrocki, president of Israel’s Manufacturers’ Association, which represents some 1,500 firms and 400,000 workers, said the strong shekel posed a risk to the economy.
Bank Hapoalim’s US arm said the financing will support Idan Ofer’s real estate arm and Metro Loft in the acquisition and conversion of 845 Third Avenue into a 529-unit rental property.
"When someone saves your life and gives you life, there’s gratitude, humility; there’s a time you’ve been so blessed you realize you’ve been given another chance at life..." - Pat Summerall
Olim already enjoy a 10-year Israeli tax holiday for foreign-source income and capital gains. Starting January 1, 2026, olim may also be exempt from Israeli tax on Israeli-source income.
Leumi Partners and Shestovitz Properties acquired NIS 670M in Profit Finance Group, which manages NIS 100B. Founders Elberg and Banai retain control after a massive valuation leap since 2021.
Hegseth's Morgan Stanley broker contacted BlackRock in February about making a multimillion-dollar investment, while the Pentagon's spokesperson called the story "entirely false and fabricated."
Behind the stability in overall capital lies a shift in the market structure. The number of deals remains relatively low, and capital is increasingly concentrated in a smaller number of companies.