Finance
Former finance minister Avraham Shochat passes away
Former Israeli finance minister Avraham Shochat passed away at age 88 early on Wednesday.
Shochat served as finance minister twice, first under Yitzhak Rabin (1992-1996) and second under Ehud Barak (1999-2001).
A long-time resident of southern Israel, he helped found Kibbutz Nahal Oz and served as mayor of Arad for twenty years.
He was survived by his three children and seven grandchildren.