More Layoffs: Silicon Valley Bank’s Israeli Branch is Closing
The CEO of the SVB Israel branch, David Cohen, posted a farewell message Saturday on LinkedIn.
Finance Civil Servants Caught Red Handed in Attempt to Cause Government Collapse
If I were Smotrich, I’d hire a food taster for the Bourekas pastry they serve him during those long meetings.
Karma Everywhere: Now Moody’s Is Hit
Just imagine it’s your $80 billion you are trusting to Moody’s ability to predict the market.
Survey: Only 12% of Hi-Tech Employees Want their Company to Protest Judicial Reform
“The absolute majority of hi-tech employees in Israel want quiet, and to put the split behind us.”
Israel Supporting Hi-Techs that Pulled Out Billions to Destroy Its Economy in Judicial Reform Protest
It remains to be seen whether those companies will show gratitude to their country that gave them their start and now forgives their betrayal.
Netanyahu Talks Business Ties, Security with Italian Prime Minister Meloni in Rome
Israeli exports to Italy have doubled—now amounting to $1.5 billion by the end of 2022—in the past two years, added Netanyahu’s office.
Netanyahu Vows to Help Israel-Based High-Tech Firms at Risk from SVB Bank Collapse
“If necessary, out of responsibility for hi-tech companies and employees in Israel, we will take steps that will help Israeli companies, whose operations are centered in Israel," Netanyahu said.
Silicon Valley Bank Tanked, Dragging Down 500 Israeli Startups
Protesting Israeli hi-techs took their money out of Israeli banks and moved it to… SVB.
Karma: Riskified Shares in the Dumpster
Riskified’s share has fallen to a lower value than its initial IPO
Bloomberg: Shekel May Be Best Investment of 2023
“History is on the currency’s side. March has traditionally been the shekel’s strongest month and it has also tended to gain in April, according to its 15-year average return.”
State-Incubated Israeli Unicorn Moving to Portugal, Relocating Workers, $500,000,000
Eido Gal found a perfect alibi in the pending judicial reform, which gives him the cover he needed not to appear ungrateful.
Moody’s Ultimatum to Netanyahu: Stop Judicial Reform or Face Diminished Credit Rating
Moody’s is issuing a warning based on editorials in Haaretz and demonstrators blocking the Ayalon highway.
Report: Meta Planning Thousands More Layoffs
Some 13 percent of the company's workforce was laid off last fall as the high-tech sector begins to crash.
Former Finance Ministry Director: Judicial Reform Will Benefit Israel’s Economy
Investors would be criminally stupid to keep their money out of Israel because it is changing the composition of its committee to elect judges.
Shufersal Teams with International SPAR Retail Chain to Enter Israeli Market
Shufersal will invest NIS 28 million ($7.6 million) into the venture, which will bring a chain of SPAR stores and more than 10,000 imported SPAR-branded products into the country.
India Suspends Soros-Controlled Think Tank
CPR is in partnership with Namati, an international legal empowerment group supported by financier George Soros.
New 2,800 Housing Unit Development Approved in Givatayim
Approximately half the homes with be small apartments between 45-75 square meters each.
Israeli Firm Completes Upgrades to Philippine Naval Shipyard
Israel Shipyards Ltd. transferred the documents and keys of a newly-refurbished shipyard to the Philippine Navy's possession on Wednesday.
Fitch Affirms Israel’s Credit Rating at ‘A+’ with a ‘Stable Outlook’
Finance Minister Smotrich, "The credit ratings prove that we are taking all the right steps to move the State of Israel forward."
First Crude Oil Exports from Karish Begin
According to the report, the output from Karish (gas and condensate together) is equivalent to 41,000 barrels of oil per day – and will rise to 150,000 by the end of this calendar year.
Israeli Government Approves State Budget & Economic Plan for 2023-2024
The state budget for 2023 will amount to approximately NIS 484 billion and in 2024 to approximately NIS 513 billion.
‘Someone’ Is Selling $ Billions to Boost the Shekel
We were told recently that the central bank was sitting on $200 billion – by now it has lightened the load considerably.
Leviathan Gas Field Partners Prepare to Add LNG Terminal
The consortium aims to increase the total gas production capacity by an additional 9 bcm per year to reach approximately 21 bcm per year.
Pension Funds Moved NIS 14 Billion of their Clients’ Savings Out of Israel
Israel’s pension and provident funds control about $1.3 trillion.
Bank of Israel Raises Interest Rates to 4.25%
"Inflation over the preceding 12 months is above the upper bound of the target, overshoots for a wide range of components, and is 5.4 percent."
Report: Intel Delayed Huge Investment So Netanyahu Won’t Hail Israel’s Robust Economy
And it’s Netanyahu carrying out a “judicial coup?”
Netanyahu, Boeing CEO Meet on ‘Future Security Deals’
Last September, the Israel National Cyber Directorate signed a cyber defense cooperation agreement with Boeing.
Israel’s GDP Increased 6.5% in 2022
According to the Central Bureau of Statistics, Israel’s inflation rate reached a 14-year high in January, jumping 5.4% over the previous year.
OurCrowd StartUps are Not Flying Away
While some leftwing startups claim they are pulling their money out of Israel (and trying to convince others to do the same), at the very impressive OurCrowd summit in Jerusalem...
Energean Announces First-Ever Israeli Crude Export to Global Markets
Israel has officially joined the club of international oil exporters, Energean said.