Finance

Iraq struggles to pay public salaries as Strait of Hormuz crisis deepens

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz; illustrative
Long-term success is built through patience, disciplined decisions, and investments that create lasting value.

Michael J Sacks on the connection between business growth and community investment

Finance Committee chair MK Hanoch Milwidsky leads a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, August 4, 2026.

Knesset panel approves budget transfer of NIS 270 million to haredi education during recess

Gadi Mazor, BioCatch CEO

Visa buys Israel's BioCatch for $2.4b


Leumi, Shestovitz take stakes in Profit Finance Group with NIS 670 million investment

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.

Co-founders and owners of Profit Financial Group, Shlomi Elberg and Assaf Banai.

Prediction 2026

As one financial year ended and 2026 began, the hard numbers tell the story of what has been and what may lie ahead. 

Future financial predictions with cash, gold, and bitcoin

Fitch holds Israel's credit rating at 'A', but debt and war cloud outlook

The US-Israeli strikes on Iran have added to concerns over Israel's deficit, with Fitch noting that Israel's "fractious domestic politics" could hinder fiscal consolidation.

The Fitch Ratings building is seen in New York

Your Taxes: The Iran war’s commercial impact

The latest Iran war is having an economic impact on the world economy. If less fuel is available to the world through the Strait of Hormuz, it means less travel and fewer petroleum products.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

Willner signals disputed haredi school transfer may return to Finance Committee

At the center of the case is a December 25, 2025, Finance Committee transfer involving education funds, including money directed to haredi institutions.

 Jewish yeshiva students study at the Kamenitz Yeshiva, in Jerusalem on September 9, 2024.

A new Marshall Plan: Israel, Gulf States in a new Middle East development plan - opinion

International development is not philanthropy; it's the new realism of the Middle East.

A woman walks on a street with shuttered doors in Tehran on Sunday.

Eurozone bonds rally, GBP rebounds dramatically as Trump halts some Iran strikes

Trump said on Monday that he has had "good and productive conversations" with Iran, leading to some relief in markets strained by the Iran war.

 EU flags are seen outside the European Commission headquarters in Brussels

‘Record-high’ coalition funds in state budget ahead of upcoming vote during war, MK Beliak says

If the state budget is not approved in all three readings by next week, when the fiscal year closes at the end of the month, the Knesset will automatically dissolve, and elections will be called.

MK Vladimir Beliak reacts during a Constitution, Law and Justice Committee meeting and votes on parts of the judicial reform, at the Knesset, the Israeli Parliament in Jerusalem on July 19, 2023.

Your Investments: Putting down Passover cleaning supplies and setting up financial goals

Cleaning your house while your kids are still growing up is like shoveling the walk before it stops snowing.

Ultra-Orthodox Jews collect water from a spring in Jerusalem on March 15, 2026. The water will be used to prepare matzah, the unleavened bread eaten during the week-long Jewish holiday of Passover, commemorating the biblical Exodus from Egypt.

Elron Ventures reports strong 2025 results as it pivots to defense tech growth strategy

Founded in 1962, Elron invests in sectors including cybersecurity, medical devices, and enterprise software, and has recently increased its focus on technologies tied to security and defense.

Rafael Advanced Defense Systems Ice Breaker weapons system (Illustrative).