The finance minister said he would promote legislation that imposes high compensation on banks whose clients are harmed as a result of their actions.
Tech Giant Leases 10 More Floors in Rubinstein Towers, Cementing Tel Aviv as Key Hub
By Jewish News Syndicate (JNS)
OU certifies chocolate bars under MrBeast Feastables brand.
El Al, Israel’s national carrier, posted a record net profit of $545 million in 2024.
By Erez Linn
Ilya Sutskever’s new venture operates with extreme secrecy from offices in Silicon Valley and Tel Aviv.
“This is an unprecedented plan that will catapult Druze society forward,” Netanyahu said of the largest economic initiative proposed for those communities.
By Jewish News Syndicate (JNS)
"It's a big development. It's a lot of money going to be spent and we've already spent some, but we're going to spending a lot more."
By Jewish News Syndicate (JNS)
Technical failures convinced Rabat to switch from government-owned KNDS France to Elbit's ATMOS 2000 system.
“Golan Buys Golan” offers direct sale of Golan produce from farmers to consumers.
By Alex Welz
Israel-Saudi normalization is “more closely tethered to the U.S.-Saudi economic and defense relationship than advancement in the Palestinian track,” said Dan Diker, of Jerusalem Center for Public Affairs.
By Jewish News Syndicate (JNS)
The Jerusalem-based think tank is confident that it will ultimately be approved amid a Tax Authority probe into allegations of partisan political activity.
By Jewish News Syndicate (JNS)
“Whoever acts against the State of Israel will not be eligible for benefits from the State of Israel," Finance Minister Bezalel Smotrich said.
“We’re going to be able to benefit from billions of dollars of these programs,” Duvi Honig, of the Orthodox Jewish Chamber of Commerce, told JNS.
By Jewish News Syndicate (JNS)
The aid, approved in April 2024, includes $5.2 billion for strengthening the Jewish state's missile defense systems.
By Jewish News Syndicate (JNS)
"The return of President Trump and the ongoing development in the Middle East introduces fresh opportunities for Israel's tech ecosystem," said Startup Nation Central CEO Avi Hasson.
More than 200 venture capital partners, investors, and entrepreneurs gathered in Tel Aviv on Thursday for the annual 2024-2025 Trends and Forecasts conference.
By Jewish News Syndicate (JNS)
“This is groundbreaking evidence of serious antisemitic discrimination in the labor market,” said Jonathan Greenblatt, CEO of the ADL.
One of the most unique features of Israel’s AI ecosystem is its ability to attract early-stage funding.
By Jewish News Syndicate (JNS)
"Speaks for itself," wrote Jason Brodsky, policy director at United Against Nuclear Iran.
By Max Gelber
The cost of a plane ticket to the US on an El Al flight currently starts at close to $1,000 and the flights are packed
By Jewish News Syndicate (JNS)
On Aug. 21, Ramallah claimed its economy was at risk of collapsing within "days" after Israeli banks stopped accepting Palestinian Authority cash deposits.
Despite a year of war, Israel’s high-tech industry has been surprisingly stable.
Finkelstein said that the case against his company was brought by the two dominant U.S. players in the sector, Mueller Industries and Wieland Copper Products, which account for about 85% of the market.
Among the dozens of suspects arrested in the Tuesday morning raids was an employee of the Ministry of Transportation.
By Jewish News Syndicate (JNS)
Elon Musk's Starlink will become active in Israel's north in the coming days with the arrival of dozens of satellite internet stations.
By Jewish News Syndicate (JNS)
Ambitious tender aims to boost domestic production and reduce China dependence.
“This is BDS. No doubt about it,” Richard Goldberg, of the Foundation for Defense of Democracies, told JNS.
By Jewish News Syndicate (JNS)
The Palestinian Authority warned of “imminent consequences
By Jewish News Syndicate (JNS)
The Latin American country is the largest supplier of the fossil fuel to the Jewish state.
This is an increase of $3.353 billion from their level at the end of the previous month.
Israeli military technology has become a cornerstone of Azerbaijan's defense strategy.
The reform will impact multinational corporations operating in Israel such as Microsoft, Intel, Google, Apple and Amazon.
The metro network will include three lines, 150 km of underground tracks and 109 stations.
Israel’s Central Bureau of Statistics reports that prices went up.
European standard on imports to now apply automatically in Israel.
This is in addition to a previous increase in the quota of 98,400 foreign workers.
The fund, known as the NH-OC Global Open Innovation fund, will focus on investing in approximately 25-30 startups.
Reservists will be rewarding its reservists and promoting growth in the Negev and Galilee.
A budget of 70 million shekels ($18.6 million), was approved.
Israel's exports of goods in May 2024 (excluding diamonds) totaled 17.1 billion Shekels ($4.6 billion).
The workers will fill jobs in agriculture, industry, hotels and restaurants.
“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.
As of Sunday June 2nd the price of gasoline in Israel will be reduced.
The plan includes four complexes for the construction of solar facilities, substations and storage, with an estimated area of about 1,000 acres.
88.2% of owners of private electric vehicles charge them at home frequently (often or occasionally).
By Jewish News Syndicate (JNS)
GDP grew at an 14.1% annual rate in the first three months of the year after an annualized contraction of 21.7% in the fourth quarter of 2023.
American tariffs could put a key parts manufacturer out of business.
By Jewish News Syndicate (JNS)
In April alone, Israeli startups raised $1 billion. The actual figure is likely higher as some startups keep their funding private.
The program will operate without any direct intervention from the Innovation Authority, which will refrain from influencing the investment decisions of the institutions or the managers of venture capital funds, allowing them to invest according to their established investment policies.
"Our technology analyzes a vast amount of digital footprints to identify signs of potential risk," the RealEye startup says.
By David Isaac
It is curious why the government’s judicial reform proposals should have sparked fears of a tech collapse.
The underwater electric cable project (The Great Sea Interconnector) will connect the local electricity grid to the European grid through Cyprus and Greece.
The first group of Indian workers has already departed for Israel, Indian officials announced.
By Joshua Marks
Jerusalem is vowing to "take parallel measures that will harm the Turkish economy."
By Jewish News Syndicate (JNS)
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.
By Jewish News Syndicate (JNS)
Israeli Finance Minister Bezalel Smotrich denounced "unprecedented sanctions on Israeli citizens whose entire sin is that they settle in Judea and Samaria."
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.
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.
By Jewish News Syndicate (JNS)
The revised framework raises the expenditure limit to $160 billion, up $19 billion from that approved before Oct. 7.
Cutting restriction, cutting bureaucracy, cutting regulations...
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.
Exports to Egypt and Jordan increased by 25%.
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.
By Jewish News Syndicate (JNS)
Despite the war against Hamas, the Bank of Israel expects the economy to grow by 2% in 2024.
The Starlink company, owned and operated by SpaceX.
The competition will cause electricity prices to drop, “saving every family hundreds and even thousands of shekels a year.”
By Jewish News Syndicate (JNS)
The treasurer described the purchase as “a sound investment.”
By Jewish News Syndicate (JNS)
Before Oct. 7, more than 95,000 PA Arabs worked in Israel's building sector.
“We are connecting Israel to Europe through Greece, diversifying Europe’s energy sources in the midst of the energy crisis and strengthening Israel’s position in the region.”
The Tel Aviv Stock Exchange (TASE) made a secondary offering of 17,156,677 ordinary shares at an offering price of 20.60 Shekels ($5.6) per share.
Israeli workers who might have filled the gaps have been called up for military reserve duty.
In December, about 285,000 employed people in Israel – approximately 7% of the workforce – were absent from their jobs due reasons related to the war in Gaza.
The announcement came the same day as the government passed Israel’s 2024 state budget
But the building and industry sectors face a severe manpower shortage without them.
Israel is talking with a number of countries to bring in workers for the construction and agriculture industries.
By Jewish News Syndicate (JNS)
"In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea."
Thanks to the Houthis attacking ships, the land-route has become very popular.
Additional flights of workers for the agriculture and construction sectors are expected to arrive this week.
The decision now goes to the Political-Security Cabinet.
According to reports, Gantz will stay in the government and fight the budget in parliament, hoping to enlist other coalition members to his side.
A few weeks ago, Elon Musk pledged to step in and offer internet services to Gaza from his Starlink, which would help the terror group Hamas continue with its killing of innocent civilians.
The change in the data is liable to adversely impact borrowers’ ratings, their ability to receive credit, and the terms of the credit.
The BOI did not clarify, but some wallets and credit cards belonging to victims of the Hamas attacks, or people who were forced to flee in a hurry, may have been stolen for use by terrorists.
By Jewish News Syndicate (JNS)
The German Air Force is to take delivery of Israel's Arrow 3 missile-defense system by the fourth quarter of 2025.
Elbit Systems announced it was awarded a $95 million contract to supply its Skystriker “suicide” drone.
“Biden’s team holds grudges. It will never appreciate Israel for the ally it is,” said Michael Rubin of the American Enterprise Institute.
By Jewish News Syndicate (JNS)
The plan expands state assistance to communities in the social and geographic periphery.
By Jewish News Syndicate (JNS)
"The free market is smarter than the leaders of the barn-burning campaign thought," the finance minister said.
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 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.
Delivery of the aircraft would begin in 2027 at a rate of three planes each year.
By Jewish News Syndicate (JNS)
Currently, approximately 28,000 construction workers are employed in Israel.
By David Isaac
Group 11's Dovi Frances accuses Papaya Global CEO of making business decisions based on her personal ideology.
By Jewish News Syndicate (JNS)
Michael Herzog will be moving into an 11-bedroom, 12-bathroom home with a listing price of $10 million,
By Jewish News Syndicate (JNS)
A Michigan pension fund sued for compensation for a drop in shares' value.
By Jewish News Syndicate (JNS)
Royalties surge 23% in the first half of the year.
By Jewish News Syndicate (JNS)
"We hope that Lebanon will become an oil state,” Energy Minister Walid Fayyad said.
By David Isaac
The channel, unique among Israeli TV stations for its conservative viewpoint, asked the Israel Competition Authority to investigate.
The program will also allow infrastructure for charging electric vehicles at gas stations without affecting the grid system.
By Jewish News Syndicate (JNS)
Bernard Mensah stressed the country's strength in high-tech, "strong human capital" and government spending on R&D.