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The Bilu Center Mall in Kiryat Ekron near Rehovot, Israel, during a nationwide COVID-19 lockdown, Sept. 21, 2020,. Photo by Yossi Aloni/Flash90.

Major retail chains across Israel prepare to join small-business revolt

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The Association of Retail, Fashion and Café Chains in Israel, which represents 400 chains that employ some 300,000 workers, announced on Wednesday that its members will be opening their doors for business starting on...
Huntsman Hall at the Wharton School of the University of Pennsylvania in Philadelphia. Credit: Wikimedia Commons.

Russian businessman gives $10 million to Wharton School for Israeli students

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Israeli-Russian entrepreneur Yuri Milner is donating $10 million to the Wharton School to create scholarships for Israeli MBA students, announced the University of Pennsylvania on Tuesday. It will fund degrees over the next decade for...
Bank Hapoalim offices in the center of Tel Aviv, Aug. 4, 2015. Photo by Miriam Alster/Flash90.

Israel’s Bank Hapoalim forms working agreement with Emirates NBD

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Israel’s Bank Hapoalim announced on Monday that it had signed an agreement with Emirates NBD, the largest bank in Dubai. Bank Hapoalim said in a statement that its CEO, Dov Kotler, led a delegation to the United...
A view of nightlife in Seoul, South Korea. Credit: Wikimedia Commons.

Israel-South Korea free-trade agreement in final stages

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Israel and South Korea are in the final stages of reaching a free-trade agreement in the next few weeks. Israel’s business daily Globes reported on Tuesday that talks between Jerusalem and Seoul have been ongoing for a...
Independent business owners and workers from the tourism sector protest outside the Israeli Finance Ministry in Jerusalem, calling for financial support from the Israeli government, on June 30, 2020. Photo by Yonatan Sindel/Flash90.

Israel’s industrial sector to receive $323 million in government assistance

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Israeli Finance Minister Israel Katz and Economy and Industry Minister Amir Peretz have agreed on a plan to bolster investment and employment in Israel’s industrial sector, which is suffering due to the economic fallout...
Orit Farkash-Hacohen, the chair of Israel's Public Utilities Authority, attends a discussion at an Economic Affairs committee meeting in the Knesset on March 18, 2014. Photo by Flash90.

Israel fights UN discrimination with green initiative

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Israel’s Strategic Affairs Ministry unveiled a new program on Sunday that would essentially grade Israeli businesses according to their contribution to society, as part of an effort to offset potential blacklisting by the United...
Israeli prime minister Benjamin Netanyahu and Defense Minister Benny Gantz at the weekly cabinet meeting, at the Foreign Ministry in Jerusalem on July 5, 2020. Photo by Amit Shabi/POOL.

Israeli Cabinet approves $7 billion ‘Safety Net’ economic rescue program

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Israel’s Cabinet on Monday approved the remaining elements of the “Safety Net 2020-2021” rescue plan for the country’s struggling economy as a result of the coronavirus pandemic. The Cabinet approved a draft law for several...
Israeli Prime Minister Benjamin Netanyahu and Vice Prime Minister Benny Gantz lead the weekly cabinet meeting, at the Ministry of Foreign Affairs in Jerusalem on June 7, 2020. Photo by Marc Israel Sellem/POOL.

Israel approves coronavirus financial-aid package for small-business owners

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The Israeli government approved a new financial-aid package on Sunday for self-employed businesses that have been struggling due to coronavirus restrictions. The package presented by Israeli Prime Minister Benjamin Netanyahu and Finance Minister Yisrael Katz...
Israeli Prime Minister Benjamin Netanyahu with Rep. Ed Royce (R-Calif.) and, at right, Rep. Eliot Engel (D-N.Y.) in Jerusalem. Credit: GPO/Kobi Gideon.

Can Pro-Israel Democrats hold off an AOC clone?

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Up until now, the Democratic Majority for Israel has had a pretty good year. The ability of former Vice President Joe Biden to defeat Vermont Sen. Bernie Sanders and a number of other candidates...
Jerusalem restaurant owner Luis Cruz and his wife, Leah, at Taco Luis. After being open for just two years, Cruz said the business was “amazing and profitable.” Now, he reported, “we feel like we need to start over again.” Photo by Eliana Rudee.

Small businesses in Jerusalem remain uncertain about their future

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As the coronavirus outbreak wreaks havoc on economies worldwide, small businesses and the self-employed have been some of the most adversely affected by the economic ramifications. Small-business owners from a diverse range of fields in...