Bank of Israel Holds Interest Rate at 4.5%
Since the previous interest rate decision, the shekel has appreciated by 1.9 percent against the US dollar.
2024 Israeli Economy Growth Exceeded Expectations
According to the Bank of Israel, the economy is recovering at a moderate pace.
Trump Unveils Historic Trade Corridor Linking India, Israel, Italy, US
"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."
Trump Backs Biden’s AI Chip Restrictions Against Israel
Israel's Defense Ministry is preparing for the impact of the new restrictions.
Israel Invests $28 Million in Researching Next-Gen Sustainable Aviation Fuel
This fuel will be derived from renewable sources, including used cooking oil, solid organic waste, synthetic gas, residues from the wood and paper industries, and recycled plastics.
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.
Report: Morocco Buy Artillery from Israel Instead of France
Technical failures convinced Rabat to switch from government-owned KNDS France to Elbit's ATMOS 2000 system.
NJ Court Orders 3 Israelis to Pay $451.6 Million for Giant Scam
The case involved a binary options scam, where a derivative contract pays a fixed amount or nothing depending on the price at expiration.
Trump Orders Iron Dome Defense for America
On Monday, President Donald Trump declared that building an Iron Dome-style defense shield for the United States is a top priority. He called for...
New Program Will Promote Sale of Golan Produce
“Golan Buys Golan” offers direct sale of Golan produce from farmers to consumers.
Riyadh to Invest $600b in US, per Official Saudi Media
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.
Washington Post: Google Rushed to IDF’s Aid with AI Tools following October 7
The internal records highlight Google’s direct support of Israel’s Defense Ministry and military, even as the company faced employee backlash.
Kohelet Policy Forum Excluded from Israel’s Tax-Exempt List
The Jerusalem-based think tank is confident that it will ultimately be approved amid a Tax Authority probe into allegations of partisan political activity.
Israel Strips Amnesty of Tax Benefits Over Anti-Israel Activities
“Whoever acts against the State of Israel will not be eligible for benefits from the State of Israel," Finance Minister Bezalel Smotrich said.
US Government Agrees to Confer ‘Minority’ Status on Jewish-Owned Businesses
“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.
Israel Inks US Aid-Funded Contract to Expand Iron Dome Production
The aid, approved in April 2024, includes $5.2 billion for strengthening the Jewish state's missile defense systems.
In Reproach to Biden’s Ban, Nvidia Invests Half a Billion in Israeli Server Farm
"The Biden Administration now seeks to restrict access to mainstream computing applications with its unprecedented and misguided 'AI Diffusion' rule, which threatens to derail innovation and economic growth worldwide.
Israeli Tech Surpasses $12b in Funding in 2024 Amid Ongoing Conflict
"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.
Biden Blocks Unrestricted AI Chip Exports to Israel
The move could impact the pace of innovation in Israel’s AI sector, as well as collaborations with US technology firms.
Finance Minister Smotrich Collects PA’s Entire Billion-Dollar Debt
It helped that over the past two years or so, the Biden administration boycotted Minister Smotrich and as a result was unable to negotiate with him.
Study: Electric Vehicles Great for Consumers, Not So Much for Economy
The trend is expected to change significantly over the next decade.
Elbit Secures $60 Million Anti-Drone Solution Contract for NATO Country
The system is capable of detecting, identifying, locating, tracking, and neutralizing hostile UAS, both during the day and at night, in urban and rural environments, and under diverse weather conditions.
Tourism Ministry Approves Grants for 27 Hotel Projects, Wartime Notwithstanding
Approximately 2,700 new accommodation rooms are expected to be added to Israel's lodging capacity in the coming years.
Elbit to Produce Heavy Munitions, Reducing Dependence on US
The agreements reinforce Israel’s defense industry, expand domestic manufacturing capacity, and secure a steady supply of critical materials and munitions for current and future operational needs.
Nvidia Acquires Israeli Startup ‘Run:ai’ for $700M
Nvidia commands about 80 percent of the market for AI graphics processing units (GPUs), the chips used in AI-linked tasks.
Walmart Removes Yahya Sinwar T-Shirts from Its Site, Keeps Nasrallah
US retail giant faces controversy after selling clothing featuring dead Hamas leader.
The 9 Commandments Sold at Sotheby’s Auction for $5 Million
It's missing the part about taking the name of the Lord in vain, which we Jews like to call the Third Commandment.
Israelis to Pay More – A Lot More – in 2025
Strauss, another major food producer, is set to raise its prices by up to 18 percent on chocolate and coffee.
Defense Ministry Inks $130M Deal with Elbit for Comms Systems
The Israeli government seeks to enhance its military capabilities while fostering economic growth within the country.
Macy’s to Close 65 Stores by End of January 2025
Macy's has not disclosed which particular stores will be closed, nor the exact dates when they will be shuttered.
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