Category: Business

Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming. Israel has vowed to annihilate Hamas after its terrorists stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more […]

A coalition of Israeli organizations and companies, in collaboration with the IDF and Israel’s Health Ministry, is expeditiously importing and distributing advanced point-of-care medical equipment into Israel to address the nation’s urgent medical needs resulting from the Hamas terrorist organization’s deadly shock attack on October 7. The initiative is led by Rachashei Lev, a non-profit […]

A senior Microsoft Israel official expressed concern for the future of Israel’s high-tech sector due to the country’s war with the Islamist terror group, Hamas, warning multinational companies may close research and development activities. Tomer Simon, chief scientist at Microsoft Israel’s R&D Center, said he expressed his concerns in a letter to Tzachi Hanegbi, Israel’s […]

In September, Israel’s business sector exhibited signs of growth, with the Melnick State of the Economy index registering a 0.2 percent increase, offering a glimmer of hope for the nation’s economic recovery. However, Israel’s recent declaration of war on Hamas following the terrorist organization’s deadly shock attack in early October has cast a shadow of […]

In light of increased food prices since the beginning of the conflict in the Gaza Strip, prominent Israeli humanitarian organization Pitchon Lev has called for government intervention to impose price controls on essential consumer goods.  Eli Cohen, the CEO of Pitchon Lev, made this plea during a discussion held by the Knesset’s Economic Committee. He […]

How is the war between Israel and Hamas affecting the Jewish state’s high-tech sector? According to Dr. Erel N. Margalit, Founder and Executive Chairman, JVP, Margalit Startup City, Israeli companies are proving their resilience. “We have seen crises before and it is important to understand that since the Israeli high-tech industry was built we have […]

A fundamental shift must be made in national priorities, including mass reallocation of budgets, over 300 distinguished economists penned in an open letter on Monday addressed to Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich. In the letter, the economists expressed their concerns about the critical economic crisis facing Israel. They called for a […]

Last weekend marks the third instance of emergency mode public transportation operations on Fridays and Saturdays since the start of the war. However, Transportation Minister Miri Regev faced severe criticism for initially withholding public transportation on Shabbat due to pressure from ultra-Orthodox parties, despite public demand. This delay hindered the timely arrival of IDF reservists […]

Elbit Systems, one of Israel’s three largest defense companies, announced Sunday that it was awarded a $135 million contract to establish an artillery ammunition factory for an international customer. “The contract will be performed over a period of two years,” the company said.  This comes after the company’s Swedish subsidiary was awarded a contract worth […]

A group of Israeli cyberhackers claimed over the weekend that they had hacked into the main project management system for oil infrastructure in Iran. According to WeRedEvils, which has been operating in a non-official capacity since the beginning of Operation Swords of Iron, the hacked system is responsible for supplying fuel and oil to all […]