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Category: Business

Will Apple give up on its foldable iPhone?

February 20, 2024February 20, 2024David Rutman

Apple froze development of its new foldable iPhone after screens provided by manufacturers did not meet the company’s strict testing standards, according to a report by Chinese technology blogger Fixed Focus Digital. The report claimed that Apple tested a number of foldable devices from other companies as part of its research and development process, which […]

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Israeli firm Partner to enter electricity market

February 20, 2024February 20, 2024David Rutman

The Partner Internet and phone service group is preparing for its upcoming entry into the residential electricity consumer market, by launching the Partner Power brand. In recent weeks, the company has started a pilot program with its employees, leading up to the official launch to the general public. It will offer three plans: a fixed […]

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Mekorot to increase the amount of water supplied to Israel’s North  

February 19, 2024February 19, 2024David Rutman

In the upcoming years, Israel’s North will enjoy an increase it in the amount of water it receives thanks to a new project by the country’s national water company. Mekorot, which celebrated its 87th anniversary since its establishment on Thursday, has launched a project to supply more water to the Haifa, Nesher, and Carmel regions. […]

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Netanyahu lost his credit rating, Israel needs a new statesman – opinion

February 18, 2024February 18, 2024David Rutman

As Israel experiences a downgrade in its credit rating, a similar fate has befallen its leader. Prime Minister Netanyahu, once considered a respected statesman on the international stage, has lost his rating. And similar to Moody’s forecast, the forecast is negative. Until last year, the free world regarded Netanyahu as a statesman, one with whom […]

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Ryanair adds ‘Occupied Palestine’ option to personal details

February 18, 2024February 18, 2024David Rutman

Ryanair, the low-cost carrier that currently operates numerous routes between Israel and Europe, caused a stir when it was revealed that when customers order a flight on the company’s website, there is an option to choose “Occupied Palestinian Territory” when putting in their personal details. Ryanair is an Irish airline, a country where many residents […]

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Arnona Hills: Jerusalem’s newest residential gem

February 18, 2024February 18, 2024David Rutman

Sitting atop a ridge on the picturesque slopes in the southeastern corner of the city, Arnona Hills (Mordot Arnona in Hebrew) is Jerusalem’s newest residential project. Surrounded by breathtaking nature on the edge of the Judean Hills and overlooking the valleys below, this new gem promises a lifestyle of luxury and tranquility. The Arnona Hills […]

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Israel’s financial strategy unfolds – The Jerusalem Post

February 17, 2024February 17, 2024David Rutman

Moody’s report sparked a heated debate: Will the war cripple the economy, or could it propel it forward? The answer remains balanced on a knife’s edge, Yet, this past week presented us with a meaningful foresight as Israel orchestrated a debt issuance totaling NIS 4 billion with unprecedented demands, according to Accountant-General Yehli Rotenberg. The […]

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Bikeway: The best way to cycle in Jerusalem

February 17, 2024February 17, 2024David Rutman

The Business Bikeway began life at a different address in Givat Shaul in 2005. Five years ago, proprietor Moshe Ben Naim relocated to the current generously proportioned premises on Shatner Street. The 44-year-old owner’s name, Naim, meaning “pleasant,” clearly fits the personality bill. When you enter the high-ceilinged store, you immediately get an inviting buzz. […]

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OpenAI valued at $80 billion after deal, NYT reports

February 16, 2024February 16, 2024David Rutman

Microsoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the report said. Under the deal, employees […]

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Retailers demand more action from EU to resolve Red Sea crisis

February 16, 2024February 16, 2024David Rutman

European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have rerouted container vessels away from the Red Sea to avoid Houthi militant […]

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