Another Natural Gas Reservoir Discovered Off Israel’s Mediterranean Coast

The new gas field, to be named “Katlan,” is considered the fourth largest gas field to be discovered in Israel since 2010, with 68 billion cubic meters of natural gas.

Nvidia to Build World’s Fastest AI Supercomputer in Israel

The "Israel-1" computer is to be one of the most powerful supercomputers in the world for AI calculations.

Unilever to Raise Prices July 1; Netanyahu Vows to ‘Fight Cost of Living’

The latest price hike follows a wave of other initiated by Tnuva, Osem, Strauss, Diplomat, Terra, Wili Food, and more.

Dubai Free Trade Zone Notches 25% Growth in Israeli Members

DMCC registered its most successful year yet in 2022 and now includes more than 23,000 companies from around the world.

Israel Passes Budget 64-55 for 2023-24, with 530 Votes, Zero Losses

Despite the last minute dramas, the Knesset approved in second and third readings, the state budget and economic plan for 2023-2024.

Differences Settled, Netanyahu’s Budget to Pass Today, Chock Full of Promises Ready to Be...

This should be fun to watch: government ministries that admit they have too much money.

Minister Barkat Tells Trust Competition Authority Head to Resign

Israel’s Minister of Economy and Industry Nir Barkat has asked the head of the Israel Competition Authority Michal Cohen to resign because Barkat feels that he cannot trust her.

Sky’s the Limit for Israel’s Autonomous Aerial Drone Hunter

Flying at 120 kilometers an hour, the Goshawk calculates the target’s route, zeroes in on the target and captures it.

Welfare Committee Haredi Chairman: Israel Bank Governor Must Resign

The bank governor may have been replaced by an unseeing, unfeeling bot.

More Israeli Price Hikes on the Horizon: In a Few Hours, Bread Will Cost...

The Israeli Ben & Jerry’s ice cream has also announced its prices will increase by up to 15 percent.

Morgan Stanley CEO James Gorman Announces Resignation

Gorman did not name his successor but added that the board is mulling three “very strong” candidates for the post.

Israeli, Dutch Defense Ministries Ink Defense Exports Agreement

"The defense solutions developed by Israeli defense industries allow us to strengthen our ties with countries around the world as well as enhance Israel's global position."

Nicosia Seeks Partner for Plan to Ship Cypriot, Israeli Gas to Europe

The proposal includes a pipeline between the two countries' offshore rigs.

Israel Weapons Industries to Collaborate with Peru on Weapons Production

Under the terms of the agreement, IWI will provide FAME with technological knowledge regarding small arms assembly, advanced quality assurance and maintenance processes.

Tnuva Poised to Raise Prices Second Time in a Week

The price is being updated in light of the sharp increase in the cost of goods and raw materials in the last two years," Tnuva said in a statement.

Report: Israeli Hi-Tech Has Gone from Record Growth to Complete Standstill

Nevertheless, there are bright spots. The Agri-FoodTech and Cleantech sectors ranked second in annual growth rate for the second consecutive year.

Property Tax Fund to Ease Housing Crisis Passes Committee, Rich Cities Still Striking

Tel Aviv, one of the prominent opponents of the law, will be the biggest contributor to the property tax fund.

Military Operation Over, Netanyahu Tells Cabinet of Economic Achievements

“I would like to tell all government ministers that the effort to deepen and expand the Abraham accords has not stopped even for a moment."

Israel and Montenegro Sign 20 million Euro Defense Exports Agreement

Montenegro iwas part of the only successful armed rebellion against the Nazi occupiers during WW2.

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.


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