Author: David Rutman

In September, Israel’s business sector exhibited signs of growth, with the Melnick State of the Economy index registering a 0.2 percent increase, offering a glimmer of hope for the nation’s economic recovery. However, Israel’s recent declaration of war on Hamas following the terrorist organization’s deadly shock attack in early October has cast a shadow of […]

In light of increased food prices since the beginning of the conflict in the Gaza Strip, prominent Israeli humanitarian organization Pitchon Lev has called for government intervention to impose price controls on essential consumer goods.  Eli Cohen, the CEO of Pitchon Lev, made this plea during a discussion held by the Knesset’s Economic Committee. He […]

How is the war between Israel and Hamas affecting the Jewish state’s high-tech sector? According to Dr. Erel N. Margalit, Founder and Executive Chairman, JVP, Margalit Startup City, Israeli companies are proving their resilience. “We have seen crises before and it is important to understand that since the Israeli high-tech industry was built we have […]

A fundamental shift must be made in national priorities, including mass reallocation of budgets, over 300 distinguished economists penned in an open letter on Monday addressed to Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich. In the letter, the economists expressed their concerns about the critical economic crisis facing Israel. They called for a […]

Last weekend marks the third instance of emergency mode public transportation operations on Fridays and Saturdays since the start of the war. However, Transportation Minister Miri Regev faced severe criticism for initially withholding public transportation on Shabbat due to pressure from ultra-Orthodox parties, despite public demand. This delay hindered the timely arrival of IDF reservists […]

Elbit Systems, one of Israel’s three largest defense companies, announced Sunday that it was awarded a $135 million contract to establish an artillery ammunition factory for an international customer. “The contract will be performed over a period of two years,” the company said.  This comes after the company’s Swedish subsidiary was awarded a contract worth […]

A group of Israeli cyberhackers claimed over the weekend that they had hacked into the main project management system for oil infrastructure in Iran. According to WeRedEvils, which has been operating in a non-official capacity since the beginning of Operation Swords of Iron, the hacked system is responsible for supplying fuel and oil to all […]

On October 3, the OECD published a new super tax treaty (known as a multilateral instrument or MLI) that should increase tax revenues for countries that want them. Strangely, it seems Israel isn’t interested in those extra tax revenues, although it is an OECD member. The OECD is progressing with various international tax reform initiatives, […]

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 […]