Israelis to Pay More for Electricity in January 2025
The war has affected the cost of electricity due to the need to stockpile spare parts, protect energy sites and maintain backup fuel supplies.
Finland Decides to Buy Israel’s David Sling Weapon System
The David's Sling Weapon System is a central component of Israel's multi‐layered defense system and serves as an intermediate layer between the Iron Dome and Arrow missile‐defense systems.
CPI Up 0.1% In Israel in June, Cost of Homes Increases
Israel’s Central Bureau of Statistics reports that prices went up.
Trump WH Riding Israel Hard on Chinese Hi Tech Investments
"They just blew up at us," senior Israeli officials said last November about a meeting with US officials about the increased Chinese involvement in large-scale infrastructure projects in Israel.
UPDATE: German Store Sells ‘Made in Israeli’ Goods from Settlements
The large Galeria Kaufhof chain denied a previous report that it took "settlement" goods off its shelves and insists, "We don’t get involved in politics."
Average Israeli Monthly Salary Rose 5% in April
It appears there is a gradual recovery taking place in high-tech, at least in Israel, where the number of salaried positions rose by 3.3 percent between March 2022 and March 2023.
Israel Sells David’s Sling Anti-Ballistic Missile System to Finland
With its Russian neighbor engaged in attacks on its other neighbor, Ukraine, Finland feels it must defend itself against an unprovoked attack.
Israel’s Average Annual Income Reaches Unprecedented High at $48,166.52
Another key factor behind the sharp rise in tax collections for January is the VAT rate increase from 17% to 18% beginning January 1.
90-Yr-Old New Yorker Suing Art Dealer for Info on Paintings Stolen by Nazis
Attorney David Toren is hunting for two museum-quality paintings stolen from his family by the Nazis.
Israel Has Oil (Shale) Deposits Similar to Saudi Arabia, Knesset Learns
Oil shale in Israel is widespread covering approximately 15% of its territory, but is an undeveloped resource, largely because of economic and technological constraints.
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.
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.
Reports: Iraq Releasing Billions in Iranian Frozen Assets with US Approval
On Dec. 30, the US granted Baghdad a 90-day waiver to continue to import electricity from Tehran.
Public Transportation to Undergo Major Expansion in Haifa
The public transportation system in Haifa is about to undergo a major expansion, radically improving access in the city.
Report: Anti-Israel Mega-Fund’s Income Dropped Dramatically in 2016
"The New Israel Fund has long since lost its legitimacy among Israeli citizens, and it is good to see that even its donors in the US understand that this is a fund whose sole purpose is to harm the State of Israel and its sovereignty."
Hundreds of Jordanians Protest Against Gas Deal with Israel
Jordanian parliament is expected to submit an urgent request on Sunday to ban the purchase of natural gas from the Jewish state.
Skyrocketing Cocoa Prices Cause Worldwide Chocolate Shortage
Cocoa, the key ingredient in chocolate, has more than doubled in price over the past year.
Israeli Startups Raise $2.6b Since Jan. 1
In April alone, Israeli startups raised $1 billion. The actual figure is likely higher as some startups keep their funding private.
US Senate Considering 10-Year Extension of Iran Sanctions
A 10-year extension of the US Iran Sanctions Act is up for a vote in the Senate and must be signed by Pres. Obama before Dec. 31, 2016.
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.
Tehran U. Professor: Iran’s Situation Will Improve following Nov. 4 Sanctions
"After November 4, there won’t be a catastrophe, and as a result a state of peace will prevail."
El Al Begins Direct Flights from Tel Aviv to Las Vegas
The new route begins on June 13 and will depart Ben Gurion International Airport on Friday mornings.
Israeli Groceries Rank Sixth Most Expensive in Countries Surveyed
Only Switzerland, South Korea, Norway, Iceland and France were more expensive, according to “Money” magazine.
Jared Kushner, Who Bought 666 5th Av. High and Sold Low, Praised Gaza’s Valuable...
The man graduated from Frisch Orthodox yeshiva high school and Harvard!
Israeli Company Converts Natural Gas to Car and Jet Fuel
The experimental plant can generate 100,000 gallons of gas a year.
Legalizing Marijuana Would End Black Market, Says Israeli Study
Israel, like Canada and many states in the US, has one big reason to legalize marijuana: Money. Canada launches legal medical marijuana. Colorado and Washington have legalized it. Is Israel next?
Prof. Yaakov Frankel to Return as Head of Bank of Israel
The money markets can relax. There is economic growth after Stanley Fischer, who has decided that Israel is not his home. Prof. Yaakov Frenkel, who once headed the Bank of Israel, is returning.
Israel’s Economy: Stunned But Still Strong
The recent war in Gaza is not expected to inflict any lasting damage on economic performance.
Israel is Energy Exporter in $15b Gas Deal to Jordan
Israel became an energy producer for the first time today, after closing a deal to export natural gas from Leviathan gas field to Jordan.
China Buys Israeli Smart Irrigation Tech Company for $20 Million
China’s Yuanda Enterprise Group announced last week that it had bought the Israeli company AutoAgronome Israel Ltd for $20 million in order to expand its business to high-tech agriculture.
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