Israeli V-Wave Acquired by Johnson & Johnson in $600M Deal
V-Wave’s cardiovascular implant technology specifically targets heart failure with a minimally-invasive interatrial shunt procedure.
PA Economy Could Collapse Within Days as Israeli Banks Decline Cash Deposits, Ramallah Claims
The Palestinian Authority warned of “imminent consequences
MOD Signs $23 Million Deal with Ashot Ashkelon for Merkava Tank, Namer APC Components
This transaction is one of several strategic moves by the Ministry of Defense to ensure the IDF's operational needs are consistently met, both now and in the future.
Colombia Cuts Coal Exports to Israel Over Gaza War
The Latin American country is the largest supplier of the fossil fuel to the Jewish state.
Standing Up the Pro-Hamas Pressure, Barclays Rescinds Decision to Pull Out of Israeli Bonds
More than 15 Barclays branches in the UK and Scotland have been covered in red paint and their windows smashed.
Israel Exploring Option to Produce Electricity from Nuclear Energy
Israel's Energy Ministry said the months since the start of the October 7th war have proved Israel's need to ensure energy independence.
Fitch Downgrades Israel’s Credit Rating, But Smotrich Notes ‘We Are at War’
“Revenue collection rebounded in 1H24 to a level above the amended budget and we expect it to remain strong during the rest of the year.”
Israel’s Foreign Reserves $213.634 Billion End of July
This is an increase of $3.353 billion from their level at the end of the previous month.
Knesset Reduces Real Estate Tax for New Immigrants
All Israelis, including new immigrants, are exempt from real estate tax on the first NIS 1.98 million on the purchase of a first home.
Defense Ministry Signs $340 Million Deal for Elbit Ammunition Systems
"This procurement is part of the Defense Ministry strategy to ensure a steady supply of critical materials for the IDF . . . during ongoing and future operations."
Israel and Azerbaijan: A $5 Billion Unlikely Alliance Flourishes
Israeli military technology has become a cornerstone of Azerbaijan's defense strategy.
Report: PA Banks Are Knee Deep in Shekels They Cannot Put to Use
The excess cash, exceeding $1 billion, is just one of many challenges facing the PA’s financial system.
Tax Changes to Hit Multinational Corporations, Bring Israel In Line With OECD Reforms
The reform will impact multinational corporations operating in Israel such as Microsoft, Intel, Google, Apple and Amazon.
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.
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