Author: David Rutman

Recent findings from Bank Hapoalim and KANTAR’s Consumer Confidence Index have revealed noteworthy shifts which cast a favorable light on Israel’s economic landscape, despite its ongoing political concerns. The index, which measures consumer sentiment, saw a rise of 1.2 points in July 2023, reaching a level of 126.3 points. This upswing in consumer confidence reflects […]

Israel’s Embassy in India announced recently that they have reached an agreement with Indian organizations to provide expertise and resources to start-ups and companies in the water industry.  Israeli Ambassador Naor Gilon signed a Memorandum of Understanding (MOU) on August 3rd with Karanpal Singh – the founder of India-based venture capital firm, Hunch Ventures, and […]

Every evening as the sun sets, Tel Aviv offers a breathtaking view. As the day slowly draws to a close, the sky transforms into a stunning canvas of pink, magenta, and violet. The sun becomes a brilliant orb of fiery orange, as it slowly disappears below the horizon. For tourists and locals alike, there is […]

Israelis have increased their credit card spending by 6.2% since last year, with credit card transactions in Israel totaling NIS 41.2 billion in July 2023, according to Shva, the payment processing company that handles all credit payments in Israel. Israeli credit transactions totaled NIS 38.8 billion in July 2022, meaning transactions have increased by NIS […]

The long-delayed Tel Aviv light rail will not operate on Shabbat and holidays, it was announced on Tuesday. The decision is a blow to activists who had been pushing for the opening, both of the light rail and of buses. Tel Aviv’s much anticipated partly-above ground and partly-below ground train broke ground in 2011, with […]

LinkedIn, the world’s largest professional networking platform, is currently embroiled in a dramatic confrontation that could change the landscape of recruiting and employment practices forever. LinkedIn’s recent decision to introduce filtering options based on skin color, sexual orientation, race, and gender has sparked a legal firestorm, with the U.S. Supreme Court directly challenging the validity […]

Israeli laboratory equipment firm Rhenium is set to welcome a new CEO, Eran Taus, the company announced Monday. Taus, 59, has a long background in the industry. Since the 1990s, he has held managerial posts and served as CEO of a number of different tech industry, services, and logistics companies, including a five-year stint as […]

In the dynamic realm of global oil markets, recent developments have stirred a blend of optimism and uncertainty. In an in-depth oil market review published on Monday, Bank Leumi’s chief economist Dr. Gil Bufman elaborated on the intricacies propelling these fluctuations. Oil price odyssey: Brent crude surpasses $86.5 per barrel Oil prices have been on […]

Russia will evacuate a village in its far east on August 11 as part of the launch of Russia’s first lunar lander mission in nearly half a century, a local official said on Monday. The Luna-25 lunar lander, Russia’s first since 1976, will be launched from the Vostochny Cosmodrome, some 3,450 miles (5,550 km) east […]

During the COVID-19 pandemic and subsequent lockdowns, many workers grew accustomed to working from home. Many of said workers would have grown accustomed to using the video conference application “Zoom,” whose stock peaked in October 2020 at $559 USD per share, more than 500% of what it was worth in January 2020. Despite Zoom’s stock […]