Author: David Rutman

Finance Minister Bezalel Smotrich has unveiled a substantial funding expansion for the Israel Innovation Authority’s Fast-Track program in a strategic move aimed at shoring up the country’s hi-tech sector during a period of uncertainty caused by ongoing hostilities. The budget allocation for the program will be quadrupled, soaring from NIS 100 million to a robust […]

Courtney Carey, a resident Dublin, Ireland was fired by Israeli tech company Wix for calling Israel a “terrorist state” and Zionism “the root of violence” against Gaza amid the war between Israel and Hamas. Wix employs several hundred people in Dublin. Carey held the position of Customer Care Team Lead. Carey posted on LinkedIn after […]

Elbit Systems Sweden was awarded a contract worth $170 million to become an “integration partner” for the Swedish army’s digitization program. Elbit Sweden is a subsidiary of Elbit Systems in Israel. Elbit is one of Israel’s three largest defense companies. The contract will be performed over a ten year period, the company said. “To be […]

S&P Global revised Israel’s outlook to “negative” from “stable” on Tuesday, citing risks that the Israel-Hamas war could spread more widely with a more pronounced impact on the economy and security situation in the country. Last week, peer Fitch placed Israel’s sovereign debt rating of “A+” on rating watch negative and warned that a major […]

There have been numerous instances in the past where the public has been taken aback by revelations about various banks. Typically, these revelations come from journalists and news outlets. However, this time, it was an unexpected source. On her Instagram account, influencer Einav Booblil disclosed that the B’Tselem organization maintains a bank account with Discount […]

The Bazan Group continues to help civilians who have been directly or indirectly affected by the fighting and has increased its assistance budget to NIS 30 million, following its initial aid package of NIS 1.5 million. The Group will focus its assistance on helping to provide housing solutions for evacuees from the front, mental health […]

As a result of the ongoing war, Israel’s economy has already lost NIS 4.6 billion, according to an analysis from the Manufacturers Association.  Reasons for these severe monetary losses include employees failing to come to work, and overall reduced production during wartime.  For context, 1.3 million workers did not arrive at work during the week […]

The reverberations of the war between Israel and the Hamas terrorist organization are being felt not only in the conflict-ridden region but also across the global energy economy. In a newly-published report, Bank Leumi’s Chief Economist Dr. Gil Michael Bufman elaborated on the situation’s wide-reaching ripple effects. In a proactive move, the Israeli Tamar reservoir […]

In the wake of escalating conflict between Israel and Hamas, the nation’s economy stands at a critical crossroads. A sudden workforce shortage, mass military mobilization, stock market turbulence, disrupted supply chains, and anxious consumers have all left their mark on the country’s economic landscape in recent days. As Israel recovers from – and retaliates to […]

With Israel at war, Development Corporation for Israel/Israel Bonds and its affiliates around the world this week secured over $200 million in bond sales and commitments from investors since the war broke out in Israel Investments came from the Commonwealth of Pennsylvania, Florida Department of Financial Services, Illinois State Treasurer, New York State Common Retirement […]