For First Time in Israel’s History, High-Tech Exports Accounted for More than 50%
One-third of the high-tech companies in Israel, which employ around 25% of all the workers in the industry, is located in Tel Aviv.
Israeli Drone-Maker to Supply Advanced Systems to US Department of Defense
“The small, lightweight and rugged Wolverine is affordable, versatile and has low power consumption,” said the Israeli company Xtend.
Energean Discovers Gas off Israel’s Shore near Karish and Tanin Fields
“The economics of gas produced and sold from Block 12 are not subject to royalties payable to the original sellers of the Karish and Tanin leases."
Saudi Arabia to Invest Millions of Dollars in Israeli Start-Ups
Saudi Arabia has selected two Israeli firms for investment via Jared Kushner’s new private equity fund.
US Army Mulls Purchase of Israeli ‘Spike-Firefly’ Mini-Drone
The drone was among those tested at the US Army Expeditionary Warrior Experiment last month.
10-Story Brooklyn Commercial Building Rising in Midwood Across from Pomegranate
Tenants will have access to an automated parking garage, but it's not clear where customers of the retail establishments will park.
IMF Report: PA, Gaza Economy in Dire Condition as Political & Security Situation ‘Remains...
Unemployment remains very high in Gaza, at 45%, reflecting the May 2021 conflict with Israel and restrictions on the movement of people and goods.
Report: Qatar Hemorrhaging World Cup Sponsors Leery of Its Corruption, Abysmal Human Rights Record
The German national team wore T-shirts with the slogan “human rights” before a World Cup qualifying match last year.
Shufersal Recalls Biscuits
The move comes on the heels of a similar recall, albeit much more extensive, relating to the discovery of salmonella in Elite chocolate products from the Strauss Group.
Russian-Israeli Billionaire Yuri Milner Pledges $100 Million to Aid Ukrainian Refugees
On March 24, 2020, Milner published a statement that he is an Israeli citizen and has never met Vladimir Putin.
Israel Aerospace Industries, Hyundai to Supply Philippine Navy with Radar Systems
Modular in construction, the Alpha 3D radar will be integrated with the ships’ combat-management systems.
Strauss Recalls Elite Chocolates Over Possible Salmonella Contamination
An information line -- *6860 --has been opened by the company.
UAE rabbi announces plans to establish first Jewish neighborhood in Gulf
Rabbi Dr. Elie Abadie describes “a neighborhood with a synagogue, private homes, condominiums, hotels, shopping centers.”
Israel to Subsidize Gluten-Free Flour for Celiac Sufferers
As many as 1.5% of Israelis suffer from Celiac disease and require a special gluten-free diet.
Hundreds of Guest Rooms to be Built in Mitzpe Ramon
The tourist quarter will also include a promenade, sports facilities, commercial and employment areas, a new park and forest.
2021: Israel’s Defense Exports Reach New Record at $11.3 Billion
Defense export data by geographic distribution: Asia and the Pacific - 34%, Europe - 41%, North America - 12%, “Abraham Accords” countries - 7%, Africa - 3%, Latin America - 3%.
Bank of Israel Raises Interest Rate by 0.25 Percent
The Bank predicts Israel's GDP will grow by 5.5 percent in 2022 and by 4 percent in 2023. Housing prices rose by 13 percent over the past year.
Moody’s Maintains Israel’s A1 Ranking, Updates Outlook Change to Positive
Moody’s international rating agency announced Friday that Israel will maintain its high A1 credit ranking, following the Israeli economy’s strong fiscal performance.
Jared Kushner’s Brother Joshua on Forbes’ World’s Billionaires List
The family is known for its generous philanthropy to Jewish causes in both the United States and the State of Israel.
Unprecedented Volume in Israeli Exports in 2021 – $143 Billion
The Foreign Trade Administration recorded a 25% increase in relation to the volume of exports in 2020.
Study Shows 70% Drop in New Israeli Startups Since 2016
The findings could not can validate the claim of increased investor sophistication in identifying early-stage success.
Avigdor Liberman Cuts Tax on Gasoline, But Price Still Higher
Liberman did not explain why, after his new tax cut, the price of gasoline will still be 23 agorot higher per liter than it was two months ago.
Birthright Israel Launches ‘Brightcode,’ Promising Job Placement in Israeli Hi-Tech
The new initiative provides a free opportunity for Jewish young adults to fast-track a career in hi-tech, with job placement in Israel.
Billionaire Industrialist Eitan Wertheimer Dead at 70 after Fight with Cancer
Under his management, the company's profitability grew more than 20-fold.
Israel Approves Egg Imports from Poland to Avoid Passover Shortages
Poland joins countries that have previously been approved for egg imports – Bulgaria, Portugal, Spain and Italy.
Israel and the UAE Complete Negotiations on Bilateral Free Trade Agreement
This is the first full free trade agreement with an Arab country and is taking place so shortly after the establishment of diplomatic relations.
Turkey Says Gas Pipeline with Israel Not Likely Any Time Soon
Turkish President Recep Tayyip Erdoğan said that he was “very, very hopeful” about energy cooperation with Israel.
Study: Israel is World’s 10th Largest Arms Exporter
The top arms importers in the Middle East were Saudi Arabia, Egypt, Qatar, Pakistan, UAE, Algeria, Israel and Turkey.
Gasoline Prices Set to Rise Thursday at Midnight — Again
On March 1, the cost for a liter of unleaded 95-octane Israeli gasoline rose by 34 agorot, to NIS 7.05.
Food Supplies in Arab World Strained Due to Ukraine War
One gallon of cooking oil in Lebanon costs the same as the monthly minimum wage, around $29.
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