Factories At the Dead Sea (Photo: Al Ittihad)

Hadash blasts Sheshinski 2: State committee recommends a pro-capitalist approach to natural resource surtax

Arousing the ire of Hadash and environmentalists alike, the Sheshinski 2 Committee published its final recommendations on policies for taxing natural resources, softening its approach from a previous draft. Finance Minister Yair Lapid tasked the committee, headed by economist Eytan Sheshinski, a professor emeritus at the Hebrew University of Jerusalem, last year with examining the…

The "Arad Towels" American-owned factory (Photo: Al Ittihad)

Arad hit hard by factories closure

More than 150 residents in the southern city of Arad will be joining the ranks of “Arad Towels” American-owned factory. The company has closed the manufacturing facilities at the site and moved to Jordan; and will only be maintaining a logistics and administrative center employing only a few dozen workers. It is an especially hard…