Singularity Capital VC Fund to Increase Israel Investments

Singularity Capital announces it will invest up to $10 million in Israeli tech companies and startups.

Israeli Gasoline Prices to Rise This Week

This is the third month in a row that the price of gasoline has jumped, and the sixth such price hike this year.

The Cost of Hate: Adidas Stuck with $530 Million of Ye Merch

The German shoe manufacturer plans to offer deep discounts on disgraced rapper’s products

Israel’s Exports up 10% to $160 Billion in 2022

Exports account for over 30% of the country's economic activity.

Bank of Israel Approves New Digital Bank

The holding permit was granted to Professor Shmuel Hauser, former chair of the Israel Real Estate Authority who is expected to become the chair of the new bank.

Israel’s Elbit Systems Signs $410 Million Romanian Drone Contract

The Israeli defense electronics company announced Wednesday that it had been awarded the lucrative contract to supply Romania with up to seven Watchkeeper X tactical unmanned aircraft systems.

Israel’s Estimated Third-Quarter Growth Revised by Central Bureau of Statistics

Last month's estimate of 2.1 percent growth in the GDP has been reduced to an estimated annual rate of 1.9 percent in the third quarter of this year.

Fed Raises Interest Rates Again, This Time by Half a Percentage Point

Powell: “I just don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not."

Goldman Sachs to Cut Hundreds of Jobs

Goldman Sachs already slashed 500 positions this past September.

Sodastream Lays Off 120 Employees

The company, which was purchased in 2018 by the international PepsiCo corporation, employs a total of 2,900 people in Israel.

Israel Conducts First Cattle Census

"This move will reduce the bureaucracy involved in raising cattle in Israel today."

Victoria’s Secret Stores Coming to Israel

A total of ten stores are planned to open in Israel between 2023 and 2025.

‘Iron Fist’ Active Protection System (APS) Passes Test Series

The "Iron Fist" Active Protection System provides 360-degree coverage against multi-range threats in open and urban environments.

Israel, UAE Ratify Major Free Trade Agreement

The Comprehensive Economic Partnership Agreement (CEPA) treaty is expected to increase bilateral trade to over $10 billion within five years.

Israel Expects Multi-Billion Fiscal Surplus for 2022

The surplus is anticipated in spite of the fact that November was Israel’s third consecutive month with a fiscal deficit.

Construction to Start on ‘Electricity Highway’ Connecting Israel, Cyprus and Greece

The EuroAsia Interconnector submarine power cable will link the countries' grids and provide Israel with a reliable way to export natural gas in the form of electric power.

Isracard to Cut 12% of its Workforce

Isracard CEO Ran Oz: "We need to make the company more flexible, efficient and focused."

12 Foreign Movie Productions to Shoot in Israel, Receiving NIS 23 Million in Govt...

Industry investment in Israel will total more than NIS 172 million from the applications to film movie productions and television series.

If You Eat Tnuva Fish, You Need to Read This

Customers are invited to contact the consumer hotline at 1-800-300-220 for credit vouchers.

Fastest Cellular Internet Surfing Speed Ever Coming to Israel

The expectation is that Israel will become one of the most advanced countries in the world in 5G coverage.

Do You Love Coffee? Think ‘Dubai’

A Dubai Chamber of Commerce study showed UAE retail coffee sales reached more than $980 million from 2015 to 2020. Dubai is home to 615 coffee trading companies.

Statewide NY Minimum Wage to Rise on Dec. 31

A new bill under consideration in the State Legislature would increase that figure to $21.25 by January 2027 for the entire state.

Israeli Company to Explore for Gas Off Morocco’s Coast

Based in Herzliya, NewMed was formerly known as Delek Drilling.

Israeli Startup Targets US Mass Shooting Incidents

Gabriel's AI identifies early signs of a threat including aggressive behavior, weapons, or gunshots, and automates immediate lifesaving action including sending alerts, calling for help, and providing responders with live video and communication inside the scene.

Israel, Germany Hold Strategic Dialogue on Iran, Potential Sale of Arrow 3

The meeting of top defense officials in Berlin was part of the two countries’ annual bilateral strategic dialog.

Hungary Mulling Iron Dome Buy, Already Has the ELTA Radar Part

In today’s pre-big-war Europe it’s always better safe than sorry.

Global Index: Tel Aviv Drops from First to Third Most Expensive City, New York...

New York City and Singapore shared the top spot, with Hong Kong and Los Angeles tying for fourth place in the 2022 Worldwide Cost of Living Index.

Israelis Cancel their Netflix Service over Antisemitic Arab Film

The Anne Frank cultural reference is so obvious, one expects Dutch wooden clogs to fall from the ceiling.

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