Elon Musk Threatens to Sue the ADL for Lost Revenue
“Alex Jones doesn't want to #BanTheADL because ‘they're the most pro-Hitler organization I've ever seen.’"
Smotrich: Judicial Reform Protests Have ‘Minimal’ Effect on Economy
"The free market is smarter than the leaders of the barn-burning campaign thought," the finance minister said.
Bank of Israel Leaves Interest Rates Unchanged
"Inflation is moderating, but is still above the target range."
Israel, Japan Explore Possible Free Trade Deal
Nishimura brought a trade delegation of 80 Japanese company representatives as Tokyo and Jerusalem explore a possible free trade agreement that would expand their $3.3 billion commercial relationship.
Israel to Ink Major Energy Deal With Cyprus and Greece
Israel is poised to finalize an energy deal with Greece and Cyprus which will include a mammoth electricity project connecting the power grids of the three countries, and a potential future regional natural gas pipeline between the eastern Mediterranean allies.
Israel to Procure 25 More F-35 Fighter Jets for $3 Billion
Delivery of the aircraft would begin in 2027 at a rate of three planes each year.
Israel to Bring 3,000 Construction Workers from China
Currently, approximately 28,000 construction workers are employed in Israel.
Investor Floats Dumping Papaya Global Shares in Row Over Judicial Reform
Group 11's Dovi Frances accuses Papaya Global CEO of making business decisions based on her personal ideology.
Israel Completes Purchase of Washington DC Home for Israeli Ambassador
Michael Herzog will be moving into an 11-bedroom, 12-bathroom home with a listing price of $10 million,
NY Court Rejects Suit Against Unilever Over Ben & Jerry’s Israel boycott
A Michigan pension fund sued for compensation for a drop in shares' value.
Israel Sees Sharp Rise in Natural Gas Revenues
Royalties surge 23% in the first half of the year.
BP British Petroleum to Invest $3.5B to Expand Hunt for Gas in Egypt
Israel, meanwhile, has approved an increase in natural gas exports to Egypt. The exports will come from the underwater Tamar natural gas reservoir off the coast of Haifa.
Israir Reports 24% Rise in 2nd Quarter Revenue, 14% Jump in Operating Profit
Israir CEO Uri Sirkis told IFI that he expects the airline will see record-breaking results in the third quarter of 2023.
Raanana’s Meatland Store Specializing in American Goods Shutting Down
The owners are still looking for a buyer to take over the store.
US Marine Corp to Buy Iron Dome Interceptors
The US purchased two Iron Dome batteries from Israel in 2019. One was delivered in 2020, and the other in January 2021.
Australia to Acquire Rafael’s SPIKE LR2 Anti-Tank Guided Missiles
SPIKE LR2 is a state-of-the-art, multipurpose, multiplatform, combat-proven missile system, designed to meet the needs of modern warfare and complex battlespace challenges.
Elbit Wins $55M Contract to Sell C-UAS Counter Drone System to Netherlands
The system can detect, identify, locate, track and neutralize hostile UAS during day and night, both in urban and rural environments and under various weather conditions.
Israel Approves Increase in Natural Gas Exports to Egypt
Approximately 3.5 billion cubic meters will be added to Israel’s current natural gas exports to Egypt over the next 11 years.
S&P Downgrades Seven US Banks
The agency cited a “sharp rise in interest rates by the US Federal Reserve” as the possible cause for a surge in funding deposit costs.
Hungary, Israel, Germany to Collaborate on Manufacturing Combat Drones
Orban has been a close ally of PM Benjamin Netanyahu’s government.
Largest Deal Ever: US Approves Israeli Arrow System Sale to Germany at $3.5 Billion
"Our cooperation with the US government is essential to the system’s development process and to the achievement of this significant agreement. "
Drilling Rig Arrives in Lebanon for Offshore Exploration
"We hope that Lebanon will become an oil state,” Energy Minister Walid Fayyad said.
More Unicorns Founded by TAU Graduates than Oxford
A new study from Stanford University ranks Tel Aviv University first in Israel and first in the world outside the US in the number...
Intel Kills $5.4 Billion Purchase of Israeli Tower Semiconductor over US-China Tensions
Intel will pay Tower a termination fee of $353 million.
Good News: Israel’s Inflation Drops to 16-Month Low of 3.3%
The good news could mean the Bank of Israel will decide not to raise the interest rates any further when it makes the announcement on September 4.
Netanyahu Hails Israel’s ‘Very Strong Rating’ by Fitch
"We have a strong economy. Whoever invests in Israel, profits. Whoever pulls out of Israel, loses. People understand this."
Fitch Leaves Israel’s Outlook ‘Stable’ and A+ Credit Rating Unchanged
“Fitch considers the current measures are unlikely to trigger a material exodus of talent and capital in the high-tech sector.”
Israeli Banks Making Out like Bandits following Sharp Interest Rate Rises
The reports are affected first and foremost by the jump in interest profits, as well as by adjusting the results to the rising inflation.
Check Point Software Technologies to Acquire Israeli Startup Perimeter 81
Check Point will pay $490 million to acquire Tel Aviv-based Perimeter 81. The agreement is expected to be completed by September 30. Check Point, a global firm, is also based in Tel Aviv.
‘Channel 14’ Accuses Business Moguls of Conspiring to Cancel It
The channel, unique among Israeli TV stations for its conservative viewpoint, asked the Israel Competition Authority to investigate.