Religious Zionism MK’s Bill Countermands Sanctions on Settlers Via the Bank of Israel
There’s a fundamental problem with MK Sukkot’s bill: it oversteps the Bank of Israel Law.
Plans for Massive New Greater Tel Aviv Rail Lines Moving Forward
The metro network will include three lines, 150 km of underground tracks and 109 stations.
Israeli Startup Wiz Says No to Google’s $23 Billion Offer, Will Go Public
"We have chosen to continue on our path to building Wiz."
IAI Introduces ‘Wind Demon’ Air-to-Surface Cruise Missile
Celebrated for its effectiveness and efficiency, the Wind Demon boasts a meager cost-per-hit ratio.
CPI Up 0.1% In Israel in June, Cost of Homes Increases
Israel’s Central Bureau of Statistics reports that prices went up.
Google to Buy for $23 Billion Cloud Security Startup Belonging to Anti Judicial Reform...
Rapaport announced in February 2023 that Wiz would withdraw its funds from Israel.
IAI Closes $1B Spy Satellite Deal with Morocco
The company filed a notice with the Tel Aviv Stock Exchange (TASE) saying the deal will be carried out over the next five years.
Bank of Israel Leaves Interest Rate Unchanged at 4.5 Percent
Beyond the security effects, the war is having significant economic consequences.
Good for Europe? Then it’s Good for Israel
European standard on imports to now apply automatically in Israel.
Israel Increases Quota for Foreign Workers by 14,300
This is in addition to a previous increase in the quota of 98,400 foreign workers.
Saks Fifth Avenue, Neiman Marcus Merging with Help from Amazon
The deal is pending regulatory approval and could take up to nine months for the Federal Trade Commission to give a final green light.
South Korea, Israel to Establish $80 Million Fund for DeepTech Investments
The fund, known as the NH-OC Global Open Innovation fund, will focus on investing in approximately 25-30 startups.
Israel Has Spent NIS 30b on Locally Produced Weapons
There is a critical need for large amounts and independence in weapons for ground forces -- four times the amount of domestic production before the war started.
Military Reservists Now Eligible for Land Discounts of Up to 91% in the Negev...
Reservists will be rewarding its reservists and promoting growth in the Negev and Galilee.
‘Huge’ Program to Increase Ultra-Orthodox Employment Approved
A budget of 70 million shekels ($18.6 million), was approved.
Israel’s Sees $2.5 Billion Trade Deficit in May
Israel's exports of goods in May 2024 (excluding diamonds) totaled 17.1 billion Shekels ($4.6 billion).
Israel Approves Plan to Import 92,000 Foreign Workers
The workers will fill jobs in agriculture, industry, hotels and restaurants.
El Al Reinstates Donation Baggage Discount After Media-Fueled Donor Outrage
The fee hike forced charities to face a truly difficult dilemma: stop sending the needed items to Israel, or grapple with reduced donations over the cost differential.
Despite War, Israel Sets New $13B Record in Defense Exports
"Nations worldwide are recognizing the success of Israeli defense systems, especially in air defense, appreciating their crucial role in safeguarding citizens."
Intel Postpones Construction of New $25b Plant in Kiryat Gat
"Our decisions are based on business conditions, market dynamics, and responsible capital management."
Tel Aviv Rises to No. 4 in Global Startup Ecosystem Rankings Despite War
“This remarkable achievement for Tel Aviv in the 2024 Global Startup Ecosystem Report is a testament to our resilience amidst challenging security circumstances,” said Tel Aviv Mayor Ron Huldai.
One of UK’s Largest Banks Accused of Funding Hamas and Hezbollah
Two whistleblowers have filed a motion to revive a previously dismissed lawsuit against Standard Chartered Bank.
Nefesh B’Nefesh Hosts Second Annual Financial Literacy Conference for Olim
“This conference provides strategies for preserving assets and preparing for recovery during turbulent times."
Israeli Firms Shut Out of Major French Defense Exhibition Over Rafah
The number of Muslims in France is currently estimated at five percent, or 3.35 million. In contrast, there are 500,000 Jews living in France -- just 0.7353 percent of the population.
Gasoline Price to Drop in Israel in June
As of Sunday June 2nd the price of gasoline in Israel will be reduced.
Bank of Israel Leaves Interest Rate Unchanged at 4.5%
The global economy continued to expand in the first quarter. Inflation remains above central bank targets.
Meet Joseph Abruzzo, Israel Lover & Biggest Israel Bonds Buyer
A group of Palm Beach County residents filed a lawsuit against the county government over its investment in Israeli bonds.
Israel Promotes Dual Use Plan for Photovoltaic Electricity Production and Storage
The plan includes four complexes for the construction of solar facilities, substations and storage, with an estimated area of about 1,000 acres.
In Israel, Electric Vehicles Owners Travel 40.8% More
88.2% of owners of private electric vehicles charge them at home frequently (often or occasionally).
Smotrich Levies 100% Tarif on Turkish Imports As Long As Erdogan Is President
The resolution to be submitted for the government's approval next week will remain in effect until Erdogan leaves office.
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