Israel

  • THE SAUDI ARABIA GAME IN THE MIDDLE OF THE OIL WAR NEXT TO THE INCREASING INFLUENCE OF ISRAEL IN THE GULF

    Author: Gastón Saidman

    Since the start of the covid19 pandemic, the oil price WTI fell from 45$ per barrel to 10$ BPD, considering that although the price was between 45-50$, this was still not enough to see large gains. Since that, ,  over  the last few years, the price has suffered a drop from $ 80 to the $ 45 mentioned before the pandemic arises. The black gold market has not lived its best moment for a long time. (more…)

  • THE FINANCE COMMITTEE REVEALS ITS AGENDA

    By: Gaston Saidman

     

    During the last year, due to the failed attempts to create a government in Israel, the parliamentary committees were inactive; with only the Finance Committee being allowed to continue working in order to deal with issues such as the annual budget and the possibility of having control over the budget permits in case of elections. (more…)

  • CORONAVIRUS AFFECTS THE MIDDLE EAST ENERGY MARKET

    By: Gaston Saidman

    The new plague known as the corona virus keeps the world on alert. The price of the
    oil stock prices was already worryingly low. In the energy market, the mineral better
    known as black gold (oil) has been unstable since 2018.The new virus definitely
    caused the price to drop to $ 20.30 BPD. (more…)

  • Is Israel facing a great opportunity in the gas market?

    Is Israel facing a great opportunity in the gas market?

     

    By: Gaston Saidman

     

    In recent weeks, the Persian Gulf was the scene of violent events that are viewed as acts of aggressive offensive by Iran in response to US sanctions, and it is obvious that the tension influences the energy market. However, the price of crude oil did not rise as expected. (more…)

  • Israel, Cyprus and Argentina – A new initiative for peace, business and more

    israel cyprus chamber of commerce

    Author: Gastón Saidman

    The new management team of the Chamber of Commerce Israel – Cyprus is preparing for a year of new initiatives with an extensive agenda. The Chamber of Commerce will be part of not only commercial projects but will also work together with the different governmental institutions to improve mutual relations between the two countries in the near future.

    The board began a series of meetings with the aim of marking its contribution on political, social and of course, commercial issues. (more…)

  • Israel and Cyprus launch commercial and parliamentary cooperation

    From left to right: Eran Cohen, Leon Amiras, Ambassador Salina Shambos, Mr. Sofronis Papageorgiou and Gastón Saidman.

    The meeting was attended by the President of the Chamber of Commerce Israel Cyprus, Adv. Leon Amiras, the General Manager of the Chamber of Commerce, Mr. Eran Cohen, the Ambassador of Cyprus in Israel, Ms. Salina Shambos and the Head, Commercial and Economic Affair  Mr. Sofronis Papageorgiou. The meeting was organized by Yediot Ha Knesset, which always supports this type of activities as a journalistic medium, granting a parliamentary information service from an internal base. (more…)

  • The gas era will revolutionize the Middle East

    Author: Gaston Saidman

    Oil was always the most used mineral because of its use in the development of multiple products that are necessary for our daily lives without us even realizing it, such as the construction of asphalt, plastic to create a simple pen and even the ink for the pen. (more…)

  • Israel-Europe gas pipeline MoU signed

    Energy Ministers from Israel, Greece, Italy and Cyprus agreed to push ahead with the 2,100 kilometer pipeline linking Israel and Italy.

    Ministers of Energy from Israel, Cyprus, Greece and Italy today signed in Cyprus a memorandum of understanding (MoU) for the laying of an underwater gas pipeline from Israel to Italy, Israel’s Ministry of National Infrastructures, Energy and Water Resources has announced. The ministry said, ‘This is a major step in promoting the laying of an underwater gas pipeline from Israel via Cyprus, Greece and Italy.”During the summit in Nicosia, the four minister put out a joint statement that this is a strategic infrastructure project representing the shared interests of the countries and the EU regarding natural gas.The planned pipeline will be 2,100 kilometers long, cost NIS 25 billion, and will be completed by 2025.

    Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz who has worked intensively to promote the project, said after the signing ceremony, “The vision that I declared in Israel took shape at the meeting in Cyprus today. The Israel-Italy underwater gas pipeline will make Israel an important player in the European energy market.”

    The planned pipeline will allow Israel to sign long term deals to export gas to Greece, Italy and other European markets. Steinitz said, “This project will strengthen the energy security of the EU and diversify Europe’s sources of supply of natural gas.”

  • Israel tax system

    From 1.1.2014 the corporate tax in Israel has increased to 26.5% from 25%.
    On dividend a shareholder that hold 10% and above will pay 30%, all the other will pay 25%

  • Open a company in Israel

    Before you decide to open a company in Israel you have to know some important issues about the tax system in Israel
    The corporate tax from 1/1/16 is 25% after that tax we have to know the rate tax on dividend.

    (more…)