An Israeli green energy firm has agreed to provide a Holon-based hospital with electric process heat, replacing its current natural gas-fueled steam boilers. The transition is projected to reduce the hospital’s carbon emissions by 3,900 tons annually and save it $1.3 million yearly in energy costs. The Finance Ministry approved the seven-year, $3.55 million project […]
Continue Reading
The Israeli Space Forum is set to be launched on April 2 to help connect companies, entrepreneurs, start-ups, investors, and academics to help grow Israel’s budding space sector, the Israel Space Agency and Rakia mission revealed Wednesday. Announced at the 19th annual Ilan Ramon International Space Conference and part of Israel Space Week, the space […]
Continue Reading
The US National Center for Missing and Exploited Children (NCMEC) said it had received 4,700 reports last year about content generated by artificial intelligence that depicted child sexual exploitation. The NCMEC told Reuters the figure reflected a nascent problem that is expected to grow as AI technology advances. In recent months, child safety experts and […]
Continue Reading
More and more airlines that have frozen their routes to and from Israel are bringing their activities out from hibernation in the last month, and announcing to the Israeli passenger – we are here. Many airlines announced the return of operations to Israel – here is what to expect and who you can fly with. […]
Continue Reading
Israeli language AI startup “Storywizard.ai” won the Global Edtech Startup Awards (GESA) last Thursday in London, according to a recent press release on the event. The largest ed-tech competition in the world with over 3,000 applicants, GESA was founded by Avi Varshavsky, the CEO of MindCET (of CET) to promote international ed-tech entrepreneurship, according to […]
Continue Reading
Israel Insurance Association witnessed a significant change in its leadership team on Tuesday: Certified Public Accountant Benjamin Gabbay, previously known for his impactful role as the chairman of Phoenix Insurance, has now stepped into the limelight as the Association’s new chairman. This move marks a pivotal shift as he takes over the reins from Yair […]
Continue Reading
In a surprising twist, plans for the tallest skyscraper in the United States are underway, and it won’t be in New York City, home to the current tallest buildings in the country. The city that will claim this title is none other than Oklahoma City, as reported by the New York Post. The ambitious project […]
Continue Reading
The impact of a country’s credit rating downgrade on citizens’ wallets begins even before the actual downgrade occurs. Markets, in practice, do not wait for the official downgrade announcement and already demand higher interest rates. This translates to tangible consequences for citizens who are faced with increased borrowing costs and reduced access to affordable loans. […]
Continue Reading
As a result of the war, foreign residents and new immigrants have shown interest in the local real estate market. Below is a summary of the main tax implications that may be of interest. The Israeli Real Estate Taxation Law imposes two types of tax on taxpayers: Appreciation tax and purchase tax. The law is […]
Continue Reading
The Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation convened on December 19, 2023, to greenlight a transformative investment of $9.6 million for ten pioneering projects bridging the gap between US and Israeli technological prowess. With additional support from the private sector, the total infusion of capital into these ventures […]
Continue Reading
