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Israeli Citizens' Fund
The Israeli Citizens' Fund (, ''Keren LeEzraḥei Yisra'el'') is a sovereign wealth fund in Israel. It was established to handle projected future windfall profits expected from the discovery of the Tamar and Leviathan gas fields. The fund will be managed by the Bank of Israel. Without the fund, the economy of Israel could in the future run the risk of so-called "Dutch disease". This happens when a significant increase in revenue from one sector (such as natural gas) causes the local currency (the shekel) to strengthen, which in turn would make other sectors of the economy less competitive. In November 2010 the International Monetary Fund recommended, in its Article IV Consultation, that Israel set up a sovereign wealth fund. The OECD recommended likewise in 2011. The OECD estimates that its size by 2040 would be between 40 and US$175 billion (that is, between 10 and 50 percent of Israel's GDP), depending on the rate of new discoveries. The law establishing the fund was passed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Moneta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In Israel
Most energy in Israel comes from fossil fuels. The country's total primary energy demand is significantly higher than its total primary energy production, relying heavily on imports to meet its energy needs. Total primary energy consumption was in 2016, or 26.2 million tonne of oil equivalent. Electricity consumption in Israel was 57,149 GWh in 2017, while production was 64,675 GWh, with net exports of 4.94 TWh. The installed generating capacity was about 16.25 GW in 2014, almost all from fossil fuel power stations, mostly coal and gas fueled. Renewable energy accounted for a minor share of electricity production, with a small solar photovoltaic installed capacity. However, there are a total of over 1.3 million solar water heaters installed as a result of mandatory solar water heating regulations. In 2018, 70% of electricity came from natural gas, and 4% from renewables, of which 95% was solar PV. In 2020, the government committed that by 2030, renewables ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance In Israel
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assets Under Management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. Funds may be managed for clients, platform users, or solely for themselves, such as in the case of a financial institution which has mutual funds or holds its own venture capital. The definition and formula for calculating AUM may differ from one entity to another. Overview Assets under management is a popular metric used within the traditional investment industry as well as for , such as cryptocurrency, to measure the size and success of an investment management entity. AUM represents the market value of all of the securities that a financial entity owns and manages, or simply manages. The AUM of an entity is often compared with historical d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avigdor Lieberman
Avigdor Lieberman (, ; born 5 June 1958) is a Soviet-born Israeli politician who served as Ministry of Finance (Israel), Minister of Finance between 2021 and 2022, having previously served twice as Deputy Prime Minister of Israel from 2006 to 2008 and 2009 to 2012. Born and raised in Soviet Moldova, Lieberman 1970s Soviet Union aliyah, immigrated to Israel with his family in 1978. He entered the Knesset in 1999, and has served in numerous roles in the Israeli government, government, including as National Infrastructure Minister of Israel, Minister of National Infrastructure, Transportation Minister of Israel, Minister of Transportation, and Strategic Affairs Minister of Israel, Minister of Strategic Affairs. He served as Deputy leaders of Israel#Deputy Prime Minister, Deputy Prime Minister under Prime Ministers Ehud Olmert and Benjamin Netanyahu. He served under Netanyahu as Foreign Affairs Minister of Israel, Minister of Foreign Affairs from 2009 to 2012 and 2013 to 2015 and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haaretz
''Haaretz'' (; originally ''Ḥadshot Haaretz'' – , , ) is an List of newspapers in Israel, Israeli newspaper. It was founded in 1918, making it the longest running newspaper currently in print in Israel. The paper is published in Hebrew language, Hebrew and English language, English in the Berliner (format), Berliner format, and is also available online. In North America, it is published as a weekly newspaper, combining articles from the Friday edition with a roundup from the rest of the week. ''Haaretz'' is Israel's newspaper of record. It is known for its Left-wing politics, left-wing and Liberalism in Israel, liberal stances on domestic and foreign issues. ''Haaretz'' has the third-largest Print circulation, circulation in Israel. It is widely read by international observers, especially in its English edition, and discussed in the international press. According to the Center for Research Libraries, among Israel's daily newspapers, "''Haaretz'' is considered the most infl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many businesses pay little or no tax, and some experience a backlash (sociology), backlash when their tax avoidance becomes known to the public. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded social protection. "T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Windfall Profits Tax
A windfall tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. There have been windfall taxes in various countries across the world, including Australia, Italy, and Mongolia (2006–2009). During the 2021–2023 global energy crisis, policy specialists at the International Monetary Fund recommended that governments institute permanent windfall profits taxes targeted at economic rents in the energy sector, excluding renewable energy to prevent hindering its further development. Discussion Support Thomas Baunsgaard and Nate Verson of the IMF recommend implementing permanent windfall profit taxes on fossil fuel extraction but not temporary taxes or taxes on renewable energy. The taxes should always target a clear measure of excess profits and not be tied to price levels or revenue. They also recommend ensuring that markets can add new capacity quickly if-needed to avoid a spike in prices. Another 2022 IMF paper argue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globes (newspaper)
''Globes'' () is a Hebrew-language daily evening financial newspaper in Israel. ''Globes'' was founded in the early 1980s and published in Tel Aviv, Israel. It deals with economic issues and news from the Israeli and international business worlds. The paper is printed on salmon-colored paper, inspired by the British ''Financial Times''. ''Globes'' was one of the first Israeli dailies to publish its contents on the Internet, dating back to April 1995. Its web version publishes in Hebrew and English. According to TGI 2022 media survey, ''Globes'' market share is 4.1% among Israeli financial newspapers. Its main competitors as Israeli financial newspapers in printed media are '' TheMarker'', of the ''Haaretz'' group, and '' Calcalist'', published by the '' Yedioth Ahronoth'' Group. History The daily paper founded by Haim Bar-On, the publisher of the newspaper, on the basis of a small, Haifa-based financial newspaper, in partnership with businessman Eliezer Fishman. Following the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knesset
The Knesset ( , ) is the Unicameralism, unicameral legislature of Israel. The Knesset passes all laws, elects the President of Israel, president and Prime Minister of Israel, prime minister, approves the Cabinet of Israel, cabinet, and supervises the work of the government, among other things. In addition, the Knesset elects the State Comptroller of Israel, state comptroller. It also has the power to waive the immunity of its members, remove the president and the state comptroller from office, dissolve the government in a constructive vote of no confidence, and to dissolve itself and call new elections. The prime minister may also Dissolution of parliament, dissolve the Knesset. However, until an election is completed, the Knesset maintains authority in its current composition.The Knesset Jewish Virtual Library. Ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
