Category: Business

Elon Musk’s selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla Inc TSLA.O, which has been struggling with a drop in demand for its electric vehicles, analysts said. Shares of the world’s most valuable electric vehicle maker, which have gained 40% […]

The Doral Group has just reported that it signed a financial agreement to fund a cluster of solar-integrated storage projects. Construction is estimated at approximately NIS 675 million.  The lenders’ consortium led by Mizrahi Bank also includes insurance companies that together will provide financing of over NIS 1 billion. The financial agreement includes the raising […]

Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast CMCSA.O NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet:”Excited to announce that I’ve hired a new CEO for X/Twitter. She […]

8fig, one of the first companies to develop a platform based on automation for planning, operating and financing business plans for e-commerce players, has completed a $140 million Series B financing round. Founded three years ago, this is the company’s biggest financing round to date. 8fig has 90 employees in two main centers in Tel […]

Recently, SIBF successfully led a conference of Israeli and international investors. Data shows that from the fund’s establishment in 2020 until today, the fund has invested in 38 tech companies worth 400 million dollars. Partners in the fund are Or Ben Shoshan, Eli Ben Simon, Aviv Cohen and Boaz Or-Shraga. The investment in a single […]

The International Monetary Fund (IMF) on Wednesday flagged Israel’s proposed judiciary reforms as a significant downside risk to the economy that could tighten financial conditions and hinder investment, consumption and long-term growth. Israel needed to permanently reduce uncertainty around the reforms with a “politically sustainable solution that is clearly communicated and well understood both domestically […]

Israel Aerospace Industries signed a deal Tuesday acquiring Greece’s Intracom Defense (IDE), a leader in defense technology in the country. IDE, which has a specialization in producing missile launchers, hybrid generation and land and sea tactical communications, is active in Greece and in other NATO countries. Israel joins many European nations, along with the United […]

President of Burundi Évariste Ndayishimiye officially inaugurated a solar power plant near the country’s capital on Tuesday together with the CEO of the renewable energy company Gigawatt Global. The solar field, which is in Mubuga in the central Gitega province, has provided more than 10% of Burundi’s electricity since becoming operational two years ago. For […]

Israel’s first hydrogen fuel station opened for activity in Sonol Yagur near the Haifa Bay on Monday, putting Israel among the ranks of leading countries in the world that are seeking to replace combustion engines with hydrogen-based fuel cell technology. The newly installed dispenser allows customers to refill compatible vehicles with hydrogen, much like filling […]

LinkedIn in India finally reaches 100 million members. Here’s why it’s more significant than ever: LinkedIn, the professional networking platform owned by Microsoft, recently announced that it has reached a significant milestone in India. The platform now has 100 million members in India, a 19% increase from the previous year.  India is today the second […]