Category: Business

The third anniversary of the Abraham Accords has come at a time when a lot of media coverage has focused on the possibility of progress in Israel and Saudi Arabia ties. This could potentially be very important. On another level, the Accords have also led to a lot of opportunities for Israeli companies in the […]

The government published a bill on September 6 that aims to tighten up Israeli rules for taxing offshore-controlled foreign companies (CFCs) and foreign professional companies (FPCs). The Israeli proposals have echoes of US GILTI (global intangible low-taxed income) rules in the US. Israeli CFC rules aim to tax Israeli resident shareholders on deemed dividends regarding […]

HiBob, an Israeli cloud-based human resources platform, has successfully raised an additional $150 million in capital for 2023, just 10 months after their last round of funding was secured, according to a statement released by the company. The company announced that they matched their 2022 amount last week, bringing the company’s capital total to about […]

Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell it, the New York Times reported. The former New York City Mayor made the announcement at the Climate Summit hosted by the newspaper on Thursday. […]

The New York Stock Exchange was filled with blue and white Israeli flags on Tuesday, in honor of Economy Minister Nir Barkat’s visit to Wall Street.  The minister presided over a special ceremony and the crowd cheered when he rang the Stock Exchange’s iconic bell, which signals the end of the day’s trading. At Minister […]

Elbit Systems Ltd. announced on Monday that it had been awarded a $95 million contract to supply SkyStriker loitering munitions to an undisclosed European country. The contract is for several hundred SkyStriker units to be delivered over two years. Elbit Systems’ SkyStriker is a fully autonomous loitering munition that can locate, acquire, and engage operator-designated […]

Former US President Bill Clinton is teaming up with Israeli billionaire Ziv Aviram to launch a climate fund with about $1 billion of start-up capital. Aviram, the co-founder of Mobileye, says the fund will focus on transformative technologies that address the challenges posed by global heating. Clinton will serve as chair of the advisory board for […]

A Swiss Airlines flight bound for Bilbao, Spain, created chaos for 111 passengers when it departed from Zurich without their luggage.  The incident two weeks ago left passengers frustrated and bewildered upon landing as they stood by the empty luggage conveyor belt. According to reports from The Insider website, the flight, operated by Swiss Airlines, […]

Israel’s national gross domestic product (GDP) rose by 3.1% in the second quarter of 2023, the Central Bureau of Statistics said Tuesday. Meanwhile, the GDP per capita rose by 1.2%. The import of goods and services fell by 9.7% in the second quarter of 2023 as well. Private consumption expenditure rose by 0.5% in the […]

The IDF’s new advanced and AI-powered Barak tank is operational and beginning to join the ranks of the army’s tanks, starting with Armored Corp’s Batallion 52, the Defense Ministry announced on Tuesday. The new tank has been in development and production for over five years. It was developed in a joint effort by the Defense […]