Category: Business

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 […]

According to the UN Conference on Trade and Development (UNCTAD), this represents between $1,179 and $1,383 per person, per year.  The study factors in 50 SDG indicators across 90 countries, covering three quarters of the global population.  For the world’s 48 developing economies, the shortfall is estimated at $337 billion annually, if they are to […]

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 […]

Two prominent investors and opinion leaders in the Israeli tech sphere criticized the content of Prime Minister Benjamin Netanyahu’s with Tesla CEO Elon Musk on Monday.  Prominent venture capitalist Michael Eisenberg, expressing his frustration with Netanyahu, urged the Israeli Prime Minister to take a decisive stance on the matter, saying, “Netanyahu claimed there that […]

The Transportation Ministry recently approved “Air Haifa,” a new Israeli airline that is slated to open in 2024, according to a Monday report by N12. The new airline will initiate its operations starting with commercial flights to Eilat, Cyprus, Greece, and Turkey at the beginning of next year. Flights will operate from Haifa Airport […]

Tesla CEO Elon Musk gave Israeli Prime Minister Benjamin Netanyahu a tour of the Tesla factory in Fremont, California on Monday during his visit to the US. Netanyahu and his wife received from Musk an overview of the company’s developments and the various models and observed the production and assembly process of the advanced […]

Love it or hate it, parents in the modern age have to grapple with the fact that their children are being born into a digital world. As such, parents are faced with the challenge of preparing their children for a future that is becoming increasingly intertwined with technology. From smartphones to artificial intelligence, the […]

 Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country’s communications directorate said on Monday. It cited Musk as saying that many Turkish suppliers are already working with Tesla and that Turkey was among the most important candidates for its next factory. Tesla did not immediately […]

With the new year approaching, the government wants to take a different bite out of your apples (and income) abroad – but not for new immigrants. The government published on September 6 two draft bills to reform international tax rules in Israel – one concerning foreign tax credits, the other concerning controlled foreign companies […]

The state of California has sued major oil companies including Exxon Mobil Corp , Shell PLC , and Chevron Corp, accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday. The lawsuit, which also targets BP and ConocoPhillips alleges the energy giants’ actions have caused tens […]