The S&P Maalot credit rating agency announced on Thursday that it is raising IAI’s international rating to A-, as the company “continues to achieve strong operating results, and its backlog of orders has reached a record 21 billion US dollars.” Their announcement further added that “the company’s rate of output remains almost unaffected by the […]
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The New York Times sued OpenAI and Microsoft on Wednesday, accusing them of using millions of the newspaper’s articles without permission to help train artificial intelligence technologies. The Times said it is the first major US media organization to sue OpenAI and Microsoft, which created ChatGPT and other AI platforms, over copyright issues. It said […]
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Amidst the ongoing conflict between Israel and Hamas, investors are seeking refuge from market instability in an unexpected place: whiskey barrels. The economic challenges posed by the war have led to a surge in interest among Israelis to invest in this alternative asset. MyWhisky, a company specializing in whiskey investing, has reported a growing interest […]
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The Construction and Housing Ministry announced today the opening of registration for the sixth discount apartment lottery, which will run until Wednesday, February 7, 2024. Eligibility confirmation can be obtained until January 22, 2024. Approximately 120,000 people registered with the ministry are eligible to participate in the lottery. The 6,816 apartments in 72 projects are spread […]
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Last week marked a pivotal moment for Israeli EdTech startups as three promising ventures emerged victorious in the Israeli finals of the Global EdTech Startups Awards (GESAwards) organized by MindCET. These triumphant startups are now set to compete on the global stage at the prestigious BETT competition in London next month, representing Israel in the […]
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The Israel Land Authority recently announced the results of a tender for land in the new neighborhood being constructed in Eilat, named “Shifoli Ha’Ar” due to its location in the mountainous terrain north of the city, adjacent to the Eilat Mountains nature reserve. This is the fifth land tender in this neighborhood within the past […]
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In a promising turn of events for the beleaguered tourism industry in Israel, MSC Cruises, the world’s third-largest cruise company and Europe’s largest, reveals a substantial 70% increase in cruise bookings among Israelis. This surge is observed not only for the immediate end of December and January but also for upcoming festivities like Passover and […]
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Amid the ongoing war between Israel and Hamas, a peculiar financial trend has caught the attention of experts and market observers: the strengthening of the shekel against major currencies. Despite the tumultuous Iron Swords operation in Gaza, the representative shekel-dollar exchange rate unexpectedly fell by 0.47% on Friday to NIS 3.5990/$, reaching its lowest level […]
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Is a decrease in prices on the horizon? Today’s data from the Central Bureau of Statistics suggests that while demand for new and second-hand apartments continues to steadily decline, the supply side is also at a standstill, with a significant drop in construction starts. In October, the number of apartment transactions fell by 54% compared […]
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The horrific events of October 7 and the government’s abysmal initial response to them has starkly underlined the need for substantial reform in Israel’s civil service infrastructure. The lack of effective government response has led to the rise of volunteer initiatives, underscoring Israeli society’s resilience, previously demonstrated during challenges like the COVID pandemic. However, it […]
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