Category: Business

In a bid to support young Israeli startups facing challenges in securing initial capital, the Israel Innovation Authority (IIA) has unveiled an initiative aimed at fostering collaboration among private investors. The IIA has announced a funding call for proposals to establish up to three private investors clubs, also known as angel investors clubs, to serve […]

Samsung recently rolled out its Android operating system update, One UI 6.0, for both high-end and mid-range Galaxy devices. While the update introduces various new features and design changes, it unfortunately omits a critical safeguard against screen burn-in, posing a risk to the OLED screens commonly used by Samsung. Static elements like application icons, if […]

The hospitality landscape and its accommodation options are constantly shifting. While the distinction between hotels and vacation rentals is apparent, consumers who once preferred hotels are becoming more aware of the emerging hospitality industry options.  The demand for short-term vacation rentals is steadily rising. The COVID-10 pandemic was the biggest accelerator of this trend, with […]

The supply of IDF military vehicles that won Defense Ministry tenders is being sped up, in parallel with the emergency procurement of new patrol and combat vehicles for the IDF from the United States, amid the ongoing war with Hamas in Gaza. As reported by Walla, Colmobil, a Mercedes importer, has won two major tenders […]

Israeli defense electronics firm Elbit Systems said on Tuesday it had boosted supplies to Israel’s military due to the country’s war with Hamas militants, as it reported higher quarterly profit. Elbit, one of Israel’s largest defense contractors, said that over the past six weeks, it has had to contend with 2,000 of its staff, or […]

Recent findings indicate that Israel’s ongoing conflict with Hamas might have a substantial effect on the business sector’s production, with a potential decrease of 3.8% projected for the year’s fourth quarter (Q4). Published on Tuesday, the Melnick State of the Israeli Economy Index recorded a 0.7% decrease in October 2023, providing an early indication of […]

The Bank of Israel kept short-term borrowing rates unchanged for a fourth straight time on Monday as policymakers remained focused on maintaining financial stability during the war. The central bank held its benchmark rate ILINR=ECI at 4.75% – its highest level since late 2006. It had raised rates 10 straight times in an aggressive tightening […]

Israeli tech companies face severe economic repercussions as Israel’s war with Hamas continues. In response, Geomatrix, an R&D company specializing in various sectors, has initiated “Startup Envelope,” a project which aims to mitigate the conflict’s economic fallout on the tech sector. It offers a comprehensive support package including equipment, facilities, human resources, and financial investments […]

As the IDF continues operations in Gaza in order to fully eliminate Hamas, questions have been asked about whether targeting the physical infrastructure alone will restore security to Israel. Erel Margalit, chairman and founder of JVP, asserts that eliminating the economic infrastructure of Hamas is also crucial for eradicating the terrorism threat they pose. Financial […]

The spotlight is on American college and university campuses, where protests and threats have become outright antisemitic, and the campuses have become dangerous places for Jews. In the wake of widespread support of Hamas (and its genocidal war against Israel, the Jewish people, and the West in general), antisemitism is at an all-time high, particularly […]