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Airport Union’s Unique Strike Threat: Shabbat Observance

According to the union, the Shabbat protocol will permit landings of already scheduled flights from abroad, but no takeoffs.

Bill Approved to Increase Competition in Israeli Financial Sector

The main clauses of the bill include a separation of the major Israeli banks from Israeli credit companies. The three largest Israeli banks also currently own and operate the credit card companies.

Knesset Committee Approves Submission to US IRS Tax Compliance Act

The committee also succeeded in repelling the Israeli tax authority, which wanted initially to be able to use information gathered by Israeli banks for the IRS.

Knesset Committee Slams Finance Minister on Fear of Fighting Monopolies

Finance Committee Chairman Gafni (UTJ) said "with all due respect to the Finance Ministry and talks of reform, in practice the prices have not gone down."

New Legislation Would Free Up $1.5 Billion in Credit for Israeli Housing Starts

The construction section of the current Sales Law is outdated, and has led real estate companies to develop their own ways of bypassing it, at the expense of their customers.

Haredi Party Spearheading Effort to Protect Israeli Religious Charities from US Tax Authorities

Using the US' enormous economic clout, FATCA bullies the world's financial institutions into reporting on their American clients to Uncle Sam.

‘Painful Cuts Ahead in Jerusalem’ Warns Mayor Barkat

Jerusalem Mayor Nir Barkat warns a deaf ear from the Finance Ministry means thousands of layoffs are ahead.

Jerusalem Declares War on Israeli Govt. with Garbage Trucks and Psalms

Barkat posted on his Facebook page a call to “the Treasury and its leader” accusing them of forgetting Jerusalem.

Gasoline Prices to Drop by Nearly 5 Percent

The government once again is preventing Israeli motorists from enjoying the full effect of the plunging price of oil and will limit the drop...

Israel Follows US Lead on Hunting Citizens’ Foreign Assets

Israel's Tax Authority, like the IRS, is hunting citizens' foreign assets.

9 Hospitals Okay to Buy MRIs, ‘Without Funding’

Six Israeli hospitals received approval Thursday to purchase MRI machines, at their own expense, and 3 to be named.

Israel to Vacate ‘All’ IDF Bases in Central Region

The prime minister's office plans to finance defense by relocating central region IDF bases and selling the land.

Budget Cuts Leave Israeli Air Force Training Flights Up in the Air

Israeli Air Force pilots are grounded starting today, unless flying actual operations or in flight school, due to budget cuts.

FM Spokesperson Yigal Palmor Resigning, Joins Senior Staff Flight

The Hebrew daily Ma'ariv reports that Foreign Ministry spokesperson Yigal Palmor is planning to resign his post, joining other senior staff who have quit.

Rich Get Richer: Germany Saves $55 Billion on Crisis

The rule of when it rains it pours seems to be working in Germany's favor.

Cabinet Passes ‘Austerity Budget’

The Cabinet Monday evening passed a two-year budget, nearly five months late, with tax hikes and across-the-board cuts in spending, Only one minister voted...

Fayyad Hospitalized

Palestinian Authority Prime Minister Salam Fayyad was hospitalized on Monday after being feeling ill at his office in the Finance Ministry, which he temporarily...

Do We Finally Have a Coalition?

I can't imagine a tougher challenge for Lapid. It's so much easier to complain from the outside.

The Adventures of the Jewish Nurse in the Land of Israel

Thoughts and proposals on the ongoing nurses’ strike in Israel.

Microsoft, Israel To Sign Strategic Partnership

Just ten days after the launch of Windows 8, Microsoft CEO Steve Ballmer arrived in Jerusalem to discuss a memorandum of understanding between his company and Israel’s Finance Ministry to form a strategic partnership to develop and promote technology.

Israel Authorizes Sale of Water Purification Tabs for Syria

Israel’s Finance Ministry has authorized the sale of water purification tablets to Syria by Israel Chemicals.

Israeli medical residents agree to return to negotiations

Israeli medical residents, who have been on strike for months, with many of them going as far as tendering their resignations, have agreed to return to the negotiating table today.

100 Israeli Doctors Resign in Protest

About 100 senior doctors across Israel resigned their posts on Tuesday as part of an intensifying battle between the Israel Medical Association and the...

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