Search For "shekels"
Israel raises minimum wage
Updated : 1 year, 11 months ago IST
The hourly minimum wage was raised to 32.30 Shekels (USD 8.85) per hour.
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Israel adopting European standards for importation of electrical products
Updated : 1 year, 11 months ago IST
On Sunday, March 31, 2024, the government approved the proposal of the Minister of Energy and Infrastructure, Eli Cohen, to fully open the electrical products market, which is estimated at 10 billion Shekels (USD 2.75 billion) per year, so that all products that comply with European regulati
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Bank of Israel saw USD 8 billion increase in assets in 2023
Updated : 1 year, 11 months ago IST
The Bank of Israel published its financial statements for 2023, reporting that its balance sheet at the end of 2023 was approximately USD 855.4 billion Shekels ($235 billion), an increase of around USD 29.1 billion Shekels (USD 8 billion or 3.5 Per cent more) compared with the balance at the
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Israel cracks down on e-cigarette tax evasion
Updated : 1 year, 11 months ago IST
The Tax Authority conducted an extensive nationwide operation to enforce the taxation of electronic cigarettes and found evidence of tax evasion of tens of millions of Shekels.
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Israel post fined for closing branches against govt orders
Updated : 2 years ago IST
The Ministry of Communications informed the Israel Post of its intention to impose a financial sanction on the company in the amount of over one million Shekels (USD 275,000).
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Israel approves USD 19 billion budget increase due to war
Updated : 2 years ago IST
The budget update anchors a projected deficit of about 6.6 per cent of GDP for 2024, and includes adjustments in the amount of about 20 billion Shekels (USD 5.6 billion) in 2024 and 2025.
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Average monthly Israeli salary in 2023 was USD 3,600
Updated : 2 years ago IST
Israel's Central Bureau of Statistics reported on the average gross wages per employee in the country in 2023.
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Israeli authorities bust money-laundering ring
Updated : 2 years ago IST
During raids in several towns, investigators seized hundreds of thousands of shekels in cash, five luxury cars, computers, checks, jewelry, invoices, and more.
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Israel moving to allow more competition for home electricity providers
Updated : 2 years ago IST
The move is expected to lower the electricity bill for all families in Israel, and can save each household hundreds or even thousands of shekels per year depending on the offers of the suppliers, the nature of use and the hours of electricity consumption.
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Communities near Gaza, Lebanon borders to receive armored vehicles
Updated : 2 years, 1 month ago IST
Israel's Defence Ministry said it has earmarked 150 million shekels ($41 million) to provide 200 armoured vehicles to civilian security teams near the Gaza and Lebanon borders, and in Judea and Samaria.
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Israeli hospital uses heated rocks to reduce pollution
Updated : 2 years, 1 month ago IST
The Wolfson Medical Center in Holon (just south of Tel Aviv) is reducing the emission of pollutants into the atmosphere with the help of heating crushed rocks. The hospital will install a heat energy storage system from the Israeli cleantech company Brenmiller Energy costing approximately 16
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Israeli forces seize 3 million shekels in Hamas cash
Updated : 2 years, 1 month ago IST
Israeli soldiers raided Hamas financial infrastructure in Khan Yunis, seizing three million shekels (USD 819,000), the Israel Defense Forces said on Sunday.
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