Category: Business

Foreign investments in Israel saw a dramatic 60% decline during the first quarter of 2023, according to a Treasury report revealed by Israel’s chief economist on Wednesday. Preliminary data gathered in 2023 paints a sobering picture of the steep drop in foreign investment transactions, totaling approximately $6.2 billion. The data represents a hefty plummet compared […]

Ibex Medical Analytics, a key player in the field of AI-driven cancer diagnostics, has successfully closed a $55 million Series C funding round, the company announced on Wednesday. The round was led by 83North, with participation from Sienna Venture Capital and existing investors, including Octopus Ventures, aMoon, Planven Entrepreneur Ventures, and Dell Technologies Capital. With […]

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 […]

New research from financial services group City Index has revealed that the Israeli New Shekel (NIS) is the currency which has weakened the most since the COVID-19 pandemic, currently standing at a 4.73 decrease against the US dollar (USD), followed by Russia at -4.67%, with the UK, Indonesia, and Australia taking the next three positions […]

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 […]

Defense Minister Yoav Gallant on Monday told German Defense Minister Boris Pistorius by telephone that the Arrow 3 deal between the countries was taking relations to new highs. On August 17, the United States approved Israel’s sale of its Arrow 3 missile defense system to Germany, with the State Department notifying Gallant, Defense Ministry Director […]

The Tourism Ministry recently unveiled its plans to provide scholarships totaling NIS 440,000 for students pursuing bachelor’s, master’s, or teaching certificates in tourism studies at accredited higher education institutions. Tourism Minister Haim Katz stressed the significance of this initiative, saying, “the tourism sector requires top-tier professionals who prioritize the tourist experience.” He further called on […]

In the digital age, the creator economy has emerged as a powerhouse, transforming the way we consume and produce content. From influencers crafting engaging videos to bloggers banging out compelling articles, the rise of independent creators has reshaped the media landscape — and though it’s still in its early years, the creator economy is about […]

In a move reflecting their robust $3.3 billion trade relationship, Israel and Japan will be actively exploring the possibility of forging a landmark free trade agreement, during a number of events this week in Israel. Economy Minister Nir Barkat held a meeting in Tel Aviv on Monday with the Japanese Economy, Trade and Industry Minister, […]

Foreign Minister Eli Cohen is looking to seal the establishment of a free trade zone between Israel and Bahrain during his first-ever visit to Manama, he told Bahraini paper Al-Ayyam on Monday morning. “We are looking forward to [signing] the free trade zone agreement and deepening the relationship between [Israel and Bahrain],” Cohen said. “The […]