Daily Israel Report
18:05
Reported

News Brief

  6/8/2014, Sivan 10, 5774

Foreign Banks, Investment Funds to be Allowed into Israel


In a move government officials hope will lower costs for Israelis, the Finance Ministry approved a law on Sunday that, if passed by the Knesset, would allow foreign investment funds to operate in Israel. Currently, only funds by approved Israeli financial institutions can make offerings to Israelis.