Rich Israeli Municipalities Striking Over Move Compelling Them to Support Housing
The new law bypasses traditional considerations which have contributed to the growing housing crisis.
Intel Announces More Layoffs, Including in Israel
Intel has declined to announce exactly how many employees it plans to let go, but according to multiple reports, thousands of workers will lose their jobs beginning in June, including in Israel.
S&P: Israel’s Credit Rating Unchanged
Netanyahu and Smotrich called the move “an expression of confidence in the correct economic policy that we are leading."
Economic Competition Czar: Banks Supervision in Israel Is Regulatory Spaghetti
"The supervision of the non-banking entities should be reduced and adapted to international standards.”
IAI Acquires Greek Defense Company Intracom Defense
The newly acquired Greek company specializes in the production of missile launchers, missile subsystems, land and sea tactical communications, hybrid generation, and more.
Celebrating Economic Prowess, Netanyahu Inaugurates World’s 8th Largest Retailer’s 50 Israeli Branches
One of the new Carrefour branches is being launched in Beit Shemesh, a city with 70% Haredim.
Carrefour Launches 50 Supermarket Branches in Israel
Ultimately, the company plans to open between 80 to 100 branches around Israel by the end of this year.
Birthright Summer Cuts Participation by 40% Citing Economic Stress
The program has a waiting list of 20,000 young Jewish adults who will be disappointed this summer.
Israel’s Rafael Shows Navy’s ‘Iron Beam’ at IMDEX Asia 2023
Rafael also showcased its newest configuration of the naval application for the Iron Dome -- the C-Dome Mission Module -- at IMDEX.
IAI to Supply Estonia with Long-Range Loitering Munitions
Estonia's order focused primarily on achieving long-range offensive capabilities. Criteria included precision, munition robustness, and wide-ranging simultaneous offensive capability.
Jewish Hebron Gets Ready to Rebuild
After more than two decades of planning, bureaucratic hurdles and court petitions filed by opponents, the Jewish Community of Hebron is on the cusp of laying the foundations for 31 new housing units in the city’s historic Hezekiah Quarter.
Netanyahu Tells Cabinet Israel Gaining Momentum in Security, the Economy
“Since the start of the year, we have thwarted and arrested over 110 terrorists, a record number.”
Angel Stock Rising as Haredi Boycott Frees the Bakery from Govt. Price Controls
Israel’s centralized state economy favored the secular offender.
Israel Changing Electric Appliance Standards to Help Lower Prices
The reform will lower the cost of importing electrical appliances, increase competition in this economy and facilitate the parallel import of appliances.
Alibaba Founder Jack Ma to Become Visiting Professor at Tel Aviv University
“We are honored and delighted to welcome Mr. Jack Ma to Tel Aviv University,” says TAU President Ariel Porat
Israel, China Hold First Direct Talks on Free-Trade Agreement Since 2019
A source close to the negotiations said that the two sides were “at an advanced stage of tying up loose ends.”
Go Shopping, Quick! Israeli Dairy Prices to Jump by Next Week
At least 30 percent of Israel’s total dairy products are expected to be included in the price hikes planned for next week. All the price hikes are expected to take effect by May 10.
Yeshiva University Offers Free Consulting to Struggling Local Businesses
Yeshiva University's Innovation Lab has initiated a new program that offers free support and expertise to local small businesses with the goal of helping them thrive in this challenging economic climate.
First Republic Bank Seized by FDIC, Sold to JPMorgan Chase
The collapse came despite an injection of $30 billion by 11 of America’s largest banks in March.
New Jersey-Israel Trade Jumped 11 Percent in 2022
New data shows that Israeli projects were responsible for more than 200 jobs last year statewide.
El Al, ISSTA to Create Joint Venture Within 90 Days
Once the deal is finalized, El Al and ISSTA will own equal shares – 40 percent each – and the airline’s controlling shareholder, Kenny Rozenberg, will own 20 percent.
FDIC Preparing to Seize First Republic Bank
The bank’s shares dropped by approximately 75 percent this week following a disappointing first-quarter earnings report noting a drop of more than $100 billion since Jan. 1, 2023.
Amazon Lays Off Dozens of Israeli Engineers
Amazon has operated a research and development (R&D) center in Israel since 2014; currently the company has centers in Tel Aviv, Herzliya and Haifa.
Israelis to Pay More for Milk, Dairy Products Next Week
On May 1, the price of government-controlled dairy products is set to rise by up to 16 percent, the Agriculture Ministry announced.
Germany Accelerates Talks to Purchase Israel’s Arrow Missile Defense System
The Arrow-3 is widely regarded as the most advanced air defense system of its kind.
New Ben & Jerry’s Limited-Edition Flavor for Lab B’Omer in Israel
The name “s’mores” is an abbreviation of the phrase “some more.”
Netanyahu to CNBC: Drop in Investors’ Confidence ‘Momentary Problem’
"Those who come in now, and are coming now, are going to make a lot of money."
Gafni Angry at Smotrich: Where Is the Money?
If a state budget is not passed in a second and third reading by May 29, the Knesset will be dispersed.
Netanyahu to Announce Marketing Approval for Remilk’s ‘Dairy Free Milk Protein’
Remilk co-founder and CEO Aviv Wolff says the company's animal-free milk protein is bioidentical to its cow-derived counterpart and safe for consumption.
Gerrer Hasidim Committee Warns Against Buying Tesla – It Drives You to the Internet
"A Tesla vehicle cannot be blocked at all and should not be purchased or used at all."