Category: Business

The traditional Sunday-Thursday workweek in Israel has been a defining feature of the nation’s work culture. However, there are those who argue that it poses certain challenges to the economy, primarily because at present it facilitates a five-and-a-half day workweek, with many workers laboring from Sunday to Thursday, with another half day on Friday.  In […]

But I ran out of places and friendly faces/ Because I had to be free/ I’ve been to paradise but I’ve never been to me – Charlene: “I’ve Never Been to Me” This week we read a double Torah portion of Nitzavim and Vayelech. It’s the final charge given to the Jewish people by Moses […]

Israeli food tech company SavorEat has joined forces with Sodexo, a global leader in food services and facilities management, in order to introduce SavorEat’s innovative Robot Chef to the American market, beginning with a debut at the University of Denver and followed by another US university campus. SavorEat’s Robot Chef will produce personalized, digitally-manufactured plant-based […]

Affinity Partners headed by Jared Kushner, the son-in-law of former US president Donald Trump, will invest about NIS 570 million for the continued development of vehicle and credit activities of Shlomo Group. This will be the first investment in an Israeli company by Affinity Fund, which was founded by Kushner in 2021. Saudi Arabia, which […]

Israeli firm Trucknet will soon see its technology in use in Saudi Arabia by way of a Bahrain-based logistics company’s trucks providing service to US military vehicles.  This is the result of a Memorandum of Understanding signed earlier this week with Cox Logistics W.L.L., a transportation and logistics company with its biggest offices in Bahrain […]

In the face of mounting economic challenges and soaring living costs, a significant portion of the population is grappling with the prospect of cutting back on holiday expenses. A recent study conducted by the Friendship Foundation has shed light on the financial hardships experienced by many, revealing that 43% of the Jewish public in Israel […]

Elon Musk withdrew a loan of $1 billion from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion loan, which was backed by some of Musk’s […]

ThetaRay, the leader in next-generation AI-powered secure global payments with offices in New York, Madrid, London, Dubai, and Tel Aviv, today announced a significant growth round led by Portage, with investments by existing investors JVP, OurCrowd, and others. The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant […]

Charles Tyrwhitt, the British international men’s fashion brand, will open a chain of stores for the first time in Israel, with the first branch opening this week in the Grand Ofer Mall in Petah Tikva.  The new store, with an estimated investment of approximately NIS 1.5 million, will be about 100 sq.m. Several additional branches […]

The Bank of Israel confirmed on Monday that the country’s key interest rate will remain steady at 4.75%, aligning with expert forecasts. This marks the second consecutive time that the Bank has opted to keep interest rates unchanged, following a series of 10 consecutive hikes starting in April 2022. As noted, the decision is in […]