News

Comments by Israeli Foreign Minister Israel Katz forced the Turkish government into denying reports of renewed exports of construction materials.

Ashra, the Israel Foreign Trade Risks insurance Corporation, says one outcome of political instability in South Africa could be a ban on payments to Israel.

Ten years ago, Better Place collapsed with losses of NIS 3 billion. Now, OPC, controlled by Ofer's Kenon Holdings, is writing off its much more modest investment in charging station company Gnrgy.

First quarter revenue was 78% below the the corresponding quarter of 2023.

Evercore ISI analyst Umer Raffat believes that sales could amount to more than $1 billion annually.

Israel's fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion, the Ministry of Finance accountant general Yali Rothenberg reports.

The approval is temporary and only for factories that have already worked with Israel.

The Israeli parking payments app is today signing an agreement to buy the taxi hailing app.

Price hikes can be expected for leisure, cultural and child care services as well as municipal parking fees as the city shaves NIS 500 million of its annual budget.

Needing to increase revenues, VAT could rise even higher than the 18% already approved and income tax brackets might not be updated despite inflation.

The plan is being developed by Canada Israel in Ramat Gan's Rishonim neighborhood near the Diamond Exchange.

The lake is currently just 54 centimeters from its maximum level of 208.80 meters below sea level, according to the Kinneret Authority.

The Israeli startup is fast expanding after saving the lives of many IDF soldiers during the war with its assault and surveillance drones.

The Israeli pharmaceuticals company has reaffirmed its outlook for 2024 after higher revenue and a narrower loss in the first quarter of 2024.

According to United's flight schedule there are no flights to and from Israel until June 1, although the US carrier has made no official announcement on the matter.

Following its unscheduled cut to Israel's credit rating in April, S&P is due to release its routine country review this week. Analysts assess what might happen.

The Israeli currency has strengthened to the NIS 3.70/$ threshold for the first time since the start of April.

According to Reuters, the joint project will be presented at the International Aerospace Exhibition ILA in Berlin in June.

This is the biggest ever financing round completed by an Israeli privately-held tech company.

The company expects to double its workforce from 90 to 180 over the next 18 months with many of the new hires planned for the company's development center in Herzliya.

This is the US company's fifth acquisition in Israel. Noname Security's over 200 employees will join Akamai’s Security Technology Group.

Israel’s foreign exchange reserves at the end of April 2024 stood at $208.109 billion, a decrease of $5.632 billion from their level at the end of March, the Bank of Israel reports.

If a deal is reached, it will represent an interesting change of trend for Rafael; only 1% of its 2023 sales were in Africa.

Kotler has headed the bank for five years. A search committee has been formed to find his successor and "Globes" names some of the leading candidates.

The Israel Land Authority (ILA) auction for the Israel Military Industries (IMI) lot on Hashalom Street in central Tel Aviv has been won by Acro Real Estate and Kata Group.

One of the main claims of the food companies and the major importers relates to shipping costs, which represent part of the cost of imported products. Is it justified?

Deteriorating relations between Israel and China over Gaza have not affected consumer behavior as Israelis snap up Chinese made electric cars.

Nectin develops novel targeted immunotherapies that address resistance to approved immune oncology treatments.

Alexander De Croo told Belgian newspaper "Het Laatste Nieuws" that there are too many victims as a result of Israeli actions in Gaza.

Turkish exporters are shipping goods to Israel via third countries. The Turkish government, however, is looking for broader political gains.

Analysts do not see a dramatic impact on the currency, but this will depend on the intensity and duration of the fighting.

The Swiss-American ophthalmology company will pay $60 million immediately and up to $335 million with milestone payments for the company, BioLight reports.

The new agreement with the Ministry of Defense will more than double Imco's backlog of orders to NIS 725 million.

The contract worth $37 million is to supply Iron Fist Active Protection Systems (APS) to General Dynamics for upgrades to the US Army's Bradley M2A4E1 Infantry Fighting Vehicles.

Initial figures for March 2024 show that the average monthly wage was NIS 14,108, up 3.5% from March 2023, the Central Bureau of Statistics reports.

A selection of recent real estate deals in Israel in Jerusalem, Tel Aviv, Shoham, Rekhasim, Upper Galilee and Ashkelon.

The Israel Invoices program is designed to combat fictitious invoices, which cost the state billions in tax evasion.

Elron, which invests in early stage Israeli medical devices, cybersecurity and software companies, has a company valuation of $90 million.

Azerbaijan maintains close relations both with Turkey and Israel, and is a major customer of Israel Aerospace Industries.

In a further crackdown on Israeli ties by President Recep Tayyip Erdogan, sources familiar with the matter have told "Globes" that exports of goods to Haifa and Ashdod ports have been prohibited.

The company has developed a platform for securing non-human identities in an organization.

The uncertain security and economic situation caused by the war is deterring international companies from bidding to operate the Green and Purple Lines.

The Israeli businessman had a busy week as he completed the sale of NeoGames for $1.2 billion and saw off Aaaron Frenkel's efforts to put his candidates on Tamar Petroleum's board.

Canada is set to become the latest country to prohibit bosses from contacting employees outside work hours.

The OECD says that Israel's economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy.

The UK private equity firm is buying a 57% stake in the Israeli digital fraud and financial crime protection company.