Israel’s wartime economy will get a much-awaited boost as the military gradually releases reservists fighting in the Gaza Strip so they can return to their jobs and jumpstart softening growth. Since the October 7 attacks by Hamas terrorists, more than 300,000 Israelis were drafted to reserve duty – many coming from the globally important high-tech […]
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The Suez Canal serves as a gateway connecting East and West. Thousands of cargo ships traverse the canal annually, carrying approximately 30% of global shipping containers. However, recent hostilities against ships in the Red Sea, attributed to Yemen’s Houthi militia, have led several shipping companies to avoid this route, significantly affecting global shipping container traffic. […]
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In a coordinated effort, key figures from the fintech sector and leading financial companies are partnering with the National Bureau for Counter-Terror Financing (NBCTF) in Israel to address terrorism financing. The joint initiative seeks to integrate Israel’s official sanctions list regarding terrorism financing into the worldwide financial system in an effort to disrupt the flow […]
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Already in the 2024 budget: The program to bring back demand to the southern and northern periphery is currently being prepared by the Treasury, and was distributed yesterday by Ministry Director-General Shlomi Hayazelar for comments from the heads of departments in the Construction and Housing Ministry and the Israel Land Authority, with the intention of […]
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Israeli communications company Omnitelecom has launched an initiative that allows any organization – whether in the private or public sector – to tap into a sophisticated emergency response system developed by the company at no cost, the company announced Tuesday. Omnitelecom’s “CALL ON” system is a smart management system for calling emergency teams at the […]
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In the midst of Israel’s ongoing conflict with Hamas in Gaza, 1948 Ventures has emerged as a potential catalyst for the nation’s tech sector. The US-based venture capital firm, known for its commitment to innovation and impact, has expedited its launch to invest in early-stage Israeli companies with dual-use applications. Founder Aaron Kaplowitz discussed the […]
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In a decisive move aimed at bolstering economic growth amid ongoing geopolitical challenges, the Bank of Israel Monetary Committee, led by Governor Prof. Amir Yaron, has announced a 0.25% reduction in the interest rate to 4.5%. This marks the first interest rate cut in Israel since the initial days of the Covid-19 pandemic in March […]
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Some 93% of Israeli business leaders are deeply apprehensive about potentially missing out on the benefits of artificial intelligence (AI) advancements, according to Salesforce’s “State of Data and Analytics” report released on Monday. The report, based on insights from over 10,000 analytics, IT, and business leaders across 18 countries, spotlights key trends that are shaping […]
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The Melnick State of the Israeli Economy Index witnessed a decline of 1.4 percent in November 2023, shedding light on the profound impact of the ongoing conflict on economic activities within the business sector. The data underscores a contraction of approximately 2.6 percent in the business sector during the initial two months of the war, […]
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The Israel Innovation Authority has joined with five governmental ministries to invest NIS 100 million (∼$27.8m.) to establish nine new regional innovation centers across the country, the authority said on Thursday. The ministries to join the Israel Innovation Authority were the Economy and Industry Ministry, the Development of the Negev and Galilee and National Resilience […]
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