Category: Business

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 […]

Deepfakes have been the source of anxiety for experts for some time, but that fear might have become a reality, according to a recent investigation by NBC News.  NBC News found 50 deepfake videos across social media platforms of celebrities and influential figures with the goal of scamming internet users out of their money, the […]

With the rising cost of living and the impending recession, many workers are asking their employers for a pay raise.  Here are three tips that can help you negotiate successfully when it comes to asking for a raise: Tip one: Advance preparation  Do you know how much people in similar positions to yours earn in […]

Leading AI and large language model start-up AI21 Labs has announced the closing of a successful $115 million Series C funding round, in a striking demonstration of the soaring interest and investment in the rapidly evolving field of artificial intelligence. This substantial funding round — the third-largest fundraise by an Israeli company this year — […]