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Category: Business

New business hotel in unexpected city: 90 rooms on a commercial floor

March 19, 2024October 9, 2024David Rutman

From Industry to Hotels: The District Committee for Center Planning and Construction announced last Tuesday its decision to enact the plan for establishing a business hotel in the Startsiv business area. This is part of the municipality’s policy to promote the renewal of business areas in the city, shifting away from old industries and their […]

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Eilat Port struggling to keep afloat due to Houthi threat, CEO says

March 19, 2024October 9, 2024David Rutman

Eilat Port, Israel’s southern sea gate, is used for trade with the Far East and Australia. However, ever since the Houthis’ missile threats to transiting vessels virtually blocked their pathway through Bab el-Mandeb strait, Eilat’s port has found itself cut off. The result has been a halt to all import and export activities. For more […]

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Bitcoin mining yield set to be slashed in coming weeks

March 19, 2024October 9, 2024David Rutman

The Bitcoin halving is expected to take place at the end of April 2024, in approximately 32 days, according to CoinMarketCap’s halving countdown. Bitcoin halving occurs when the reward of mining a bitcoin is split in half. It occurs approximately every four years when 210,000 blocks are attached to the chain. Bitcoin exchanges are tracked […]

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Israel’s National Insurance will run out of pension funds by 2036

March 18, 2024October 9, 2024David Rutman

Under the National Insurance Institute law, every three years, the organization’s actuary must present a report containing the forecast and expectation for payments and pensions to the residents of Israel. The institute must also ensure the ability to meet its obligations and the rights granted to citizens by law. The institute’s recent report is tailored […]

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Music producer rebuilds business after months in reserve duty

March 18, 2024October 9, 2024David Rutman

When music producer Danny Gross first returned from nearly 100 days in reserve duty in Gaza, he didn’t want to make music. For the musician, who plays everything from the guitar to the piano to the double bass, it felt like music was not important enough to spend time on compared to the things he […]

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Public transport passengers in Israel fined NIS 24 million in 2023

March 17, 2024October 9, 2024David Rutman

During 2023, public transportation passengers were fined 238,146 times for non-payment, totaling more than NIS 24 million. Of these fines, 92% were issued to Egged passengers, which is also the largest bus company, although not by a significant margin. The data regarding the authority and conduct of inspectors in public transportation was presented at a […]

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Airbnb to ban indoor cameras, outdoor cameras to remain

March 17, 2024October 9, 2024David Rutman

The global management of Airbnb announced recently that it will ban the use of internal security cameras in guest houses around the world. Previously, Airbnb allowed their hosts to have indoor security cameras in shared spaces, as long as the devices were exposed and their location was known to hosts. Indoor security cameras, however, have […]

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Israeli event celebrates women in tech

March 16, 2024October 9, 2024David Rutman

A sold-out networking event in Tel Aviv on Sunday titled “The Power of Female Resilience: Recharging with Women in Tech Israel” featured as its guest speaker Lt.-Col. Hadar Hexter-Alon, deputy gender adviser to the Chief of Defense staff. She advised the audience – ranging from founders and CEOs to employees and job seekers, which included […]

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Salesforce Israel’s VP on challenges, opportunities ahead

March 16, 2024October 9, 2024David Rutman

It is still impossible to predict how artificial intelligence (AI) will affect our lives, according to Itai Margalit, area vice president for Salesforce Israel. The company, founded in a basement in 1999, is celebrating its 25th anniversary—and its bar mitzvah (13 years)—in Israel, but Margalit said Salesforce isn’t “resting for a moment. We keep on […]

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Which cities in Israel have the most renters?

March 15, 2024October 9, 2024David Rutman

As of July 2023, there were approximately 2.9 million apartments and residential housing units in Israel, of which approximately 2.5 million were owned, constituting approximately 70.8% of all apartments, according to the Central Bureau of Statistics. About 829,000 of these apartments were for rent (approximately 28.6%), and 17,500 apartments were in private sheltered housing (around […]

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