Israel’s Tech Sector Shows Resilience Despite Challenges Post-Oct. 7

It is curious why the government’s judicial reform proposals should have sparked fears of a tech collapse.

The Israel-Cyprus-Greece Triangle Progresses on The Great Sea Interconnector

The underwater electric cable project (The Great Sea Interconnector) will connect the local electricity grid to the European grid through Cyprus and Greece.

India to Send 10,000 Laborers to Israel by June

The first group of Indian workers has already departed for Israel, Indian officials announced.

Turkey Restricts Israel Exports over Gaza Airdrop Rejection

Jerusalem is vowing to "take parallel measures that will harm the Turkish economy."

Bank of Israel Leaves Interest Rate Unchanged at 4.5%

The Bank said it is "focusing on stabilizing the markets and reducing uncertainty, alongside price stability and supporting economic activity."

Amazon Pulls Book by Hamas Leader Sinwar

It is "unimaginable" that a U.S company should sell a book by an arch-terrorist "responsible for the murder of thousands," said the CEO of B'Tzalmo, the NGO whose complaint led to the move.

Israelis Head to ATMs as IDF Cancels All Leaves, Calls Up Reserves for Aerial...

The decisions followed threats by Iran to "punish" Israel for an air strike in Damascus on Monday that eliminated two top Quds Force generals who were responsible for Iranian military activities in Syria and Lebanon.

Israeli Social Lender to Offer $100 Million War Relief to 250,000 Israelis in Need

Ogen is offering interest-free loans of up to 60,000 NIS to individuals and families experiencing financial hardships as a result of the war.

Fitch Removes Israel from Rating Watch Negative; Affirms IDR at A+

"Geopolitical risks associated with the war in Gaza remain elevated and escalation risks remain present, but Fitch believes the risks to the credit profile have broadened and their impact may take longer to assess."

Smotrich: Israel will Fight Until All Sanctions Against ‘Settlers’ Lifted

Israeli Finance Minister Bezalel Smotrich denounced "unprecedented sanctions on Israeli citizens whose entire sin is that they settle in Judea and Samaria."

Adidas Eliminates Number 44 from Germany’s Soccer Jerseys – Looks too SS-Like

In Germany, the public exhibition and distribution of the SS symbol are prohibited and can result in criminal charges.

Israel and Cyprus Move Forward on Underwater Electric Cable Plan

The submarine electric cable project (The Great Sea Interconnector) will connect Israel’s electricity grid to Cyprus and from there to Greece, and to the European electricity grid.

Half of Port of Eilat Workers Face Layoffs Amid Houthi Attacks on Red Sea...

The Houthis have attacked and harassed ships in the Red Sea as they traverse the Bab el-Mandeb Straits, a narrow maritime chokepoint between the Arabian Peninsula and Africa.

Ben-Gurion University Unveils Blueprint for Development of a Thriving Post-War Negev

“In the wake of October 7th, we are called to yet another challenge: transforming the Negev into not only a scientific engine, but also a resilient society.”

US Sanctions Israeli Developer of Predator Spyware

Financial institutions, companies, and individuals who continue to conduct business with Dilian, through payments or donations, may also face sanctions.

Smotrich’s Revenge: Biden’s Sanctions on Settlers Turned into Potential Collapse of PA Banking System

Without government protection, the Israeli banks are expected to sever ties with the PA banks.

Knesset Passes Updated Wartime Budget

The revised framework raises the expenditure limit to $160 billion, up $19 billion from that approved before Oct. 7.

Azerbaijan Buys Israeli Advanced High-Altitude System to Detect Iranian, Armenian Missiles and Aircraft

It can maintain continuous surveillance for several days and is capable of tracking up to 500 targets with a detection range of over 250 km.

Google Fires Employee Protesting Work for IDF

“This behavior is not okay, regardless of the issue, and the employee was terminated for violating our policies.”

Israel Successful at Selling $8 Billion Bonds to Cover War Deficits

The underwriters in the offering are the Bank of America, Merrill Lynch, Bank BNP Paribas, Deutsche Bank, and Goldman Sachs.

Israel Planning Its Largest Water Desalination Plant

The tender is for the renovation, expansion and operation of the desalination plant in Ashkelon, amounting to 220 million cubic meters of water per year.

Skyrocketing Cocoa Prices Cause Worldwide Chocolate Shortage

Cocoa, the key ingredient in chocolate, has more than doubled in price over the past year.

Elbit Unveils the Hermes™ 650 Spark Tactical UAS That Can Fly Up to 24...

The UAS has Medium Altitude Long Endurance (MALE) capabilities along with an increased range, flight speed, endurance, and operational efficiency.

Israeli Delegation Talking Tourism at World’s Largest Christian Media Convention

More than half (56 percent) of tourists visiting Israel are Christians; about a fifth (21 percent) of all tourism to Israel is defined as "pilgrimage".

Unilever Freezes Price Hikes in Israel Until Oct. 1

In addition, there will be sales on the company's products in preparation for Purim, Passover and Independence Day, the company said.

Rafah’s Shadow Economy: Profiteering and Corruption in Egypt’s Border Control

Evidence suggests that control of the Rafah crossing has shifted unofficially to Ibrahim al-Arjani, a Bedouin businessman with close ties to prominent figures including Mahmoud al-Sisi, the son of the Egyptian president.

Israeli Economy Contracts by 19.4% in Q4 2023

Despite the war against Hamas, the Bank of Israel expects the economy to grow by 2% in 2024.


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